What is the primary purpose of an additional provisions addendum?

The primary purpose of an additional provisions addendum is to outline agreed upon repairs and improvements. This document serves as a means to include specific details that may not be elaborated upon in the main contract. It allows both parties involved in a real estate transaction to clearly communicate and formally agree on what repairs or improvements will be made to the property before closing. This ensures that expectations are set upfront and can help prevent disputes later in the process.

Including this information in an addendum is beneficial because it keeps the primary contract focused on the main terms while allowing for flexibility and clarity regarding additional specific agreements. This is particularly useful in real estate transactions where negotiations about repairs and enhancements are common.