Contracts
In Maine, an addendum to a purchase and sale agreement must be:
AFiled with MREC within 5 days
BSigned by all parties and incorporated into the contract✓ Correct
CPrepared only by an attorney
DApproved by the lender before it is valid
Explanation
Any addendum to a purchase and sale agreement modifies the original contract and must be signed by all parties to be binding. The addendum should reference the original contract and specify the modification.
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