The Purchase Addendum Vermont form is a document that outlines the personal property included in a real estate transaction. It serves as an addendum to the Purchase and Sale Contract, detailing the rights and responsibilities of both the seller and the purchaser regarding personal property at the time of closing. Understanding this form is essential to ensure a smooth transfer of ownership, so consider filling it out by clicking the button below.
The Purchase Addendum Vermont form is an essential document that complements the Purchase and Sale Contract, outlining the specifics regarding personal property included in a real estate transaction. This addendum serves as a formal agreement between the seller and the purchaser, detailing the personal items that will be transferred at closing without any monetary value. It clearly states that the seller will convey all rights, title, and interest in the specified property, ensuring that the transfer is free from any liens, attachments, or encumbrances. Importantly, the items will be conveyed “AS IS,” meaning that the seller does not provide any warranties regarding their condition or suitability for a particular purpose. This aspect emphasizes that the seller is not considered a merchant concerning these items, which can be crucial for buyers to understand. Additionally, the addendum specifies that if the Purchase and Sale Contract does not close for any reason, the seller is not obligated to transfer the personal property, safeguarding the seller's interests. Overall, this form plays a vital role in clarifying the expectations and responsibilities of both parties in the transaction.
PERSONAL PROPERTY ADDENDUM
Addendum to Purchase and Sale Contract dated
, between
(Seller) and
(Purchaser)
Property Location
(Property)
StreetCity/Town
In consideration of entering into the above Purchase and Sale Contract, the following personal property shall be conveyed to purchaser at no monetary value:
At closing, Seller shall convey, assign and deliver to Purchaser all of Seller's right, title and interest in and to the Property described herein and shall convey the same free and clear of all liens, attachments and encumbrances. All such items shall be conveyed “AS IS” and there are no express or implied warranties of any nature relating to the conveyance of these items, including warranties of merchantability and/or fitness for a particular purpose. Purchaser understands that Seller is not a merchant with respect to these items.
In the event the Purchase and Sale Contract does not close, Seller shall not be obligated to convey, assign and deliver the personal property identified herein to Purchaser.
____________________________
Seller
Date
Purchaser
Eff. 9/1/99 Copyright© 1999 Vermont Association of REALTORS®, Inc.
This form developed by Vermont Association of REALTORS®, Inc.
Personal Property Addendum
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