Contracts
An addendum to a real estate contract is:
AA document that cancels the original contract
BA document added to the contract that modifies or adds terms, which becomes part of the original agreement✓ Correct
CA separate agreement that overrides the original contract
DA IDFPR-required form added to all contracts
Explanation
An addendum is a document that is attached to and becomes part of a contract, adding or modifying terms. Common addenda in Illinois real estate transactions include inspection contingencies, financing contingencies, personal property inclusions/exclusions, and disclosure forms. Addenda must be referenced in the main contract and signed by all parties.
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