Addendum
An extra document attached to the contract, usually when it is first signed, that adds terms or details. Common ones cover lead paint, HOA rules or a home sale contingency.
Also called: addenda, contract addendum, rider
Related terms
A signed change to a contract that is already in effect, such as a new closing date or lower price. It must be signed by both sides to count.
The signed contract between buyer and seller that sets the price, deadlines, contingencies and terms of a sale. Once both sides sign, the property is under contract.
A federal disclosure required when selling or renting most homes built before 1978. The seller must share known lead hazards and give the buyer a chance to test.
An offer term that automatically raises the buyer's price by a set amount above any competing offer, up to a cap. Sellers usually need to show the competing offer to trigger it.