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Updated over 7 years ago,
Proper Numbering of Addendum's
Hello,
I am hoping one of you real estate brokers or agents can answer a question for me. When numbering addendum's, what is the proper way? For example, I was taught that if you have a price change addendum # 1 and then agree to adjust the price again later on it would be Addendum #2 because you are still dealing with the price. But, if you need to do a second addendum later on for something different, such as adding a buyer to the contract, the second addendum would also be Addendum #1 because it is for a different thing being changed. Some agents I talk to agree this is the correct way to do it but others say that since you already had Addendum #1 for the price change, the additional buyer addendum would be Addendum #2 because both are addendum's to the Purchase agreement. Which is correct? I'm in California.