COVID-19 ADDENDUM (COLORADO)

[Rob Menzies]

I just went under contract today for property I'm buying in Colorado. My agent sent me a COVID-19 addendum that they have been sending to the buyer/seller to sign. This following was at the top of the form.

The addendum would basically add 14 days to the contract deadlines if there was a COVID related shutdown or quarantine delay.

I felt it was in my best interest to sign this in to protect my earnest money deposit.

The seller refused to sign saying it was too vague but they would be willing to work with me if anything came up.

Understandably this is giving me some concern. Anyone have any advice in this situation? 

I'm also now thinking about every possibility and I'm curious does anyone know what would happen if martial law went into affect and 

I missed one of the deadlines?

Crazy times...just trying to make sure there are no surprises.

Thanks