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Inspection Period Extension Addendum
"Need an Inspection Period Extension Addendum to extend the inspection timeline by 10 business days due to discovery of potential structural issues, with the original purchase agreement dated January 15, 2025, for a commercial property in Texas."
1. Original Contract Reference: Identification of the original purchase agreement being modified
2. Parties: Identification of buyer, seller, and other relevant parties
3. Extension Details: Specific length of extension and new inspection deadline
4. Consideration Statement: Statement of consideration for the extension
5. Original Contract Validity: Confirmation that all other terms of original contract remain in effect
6. Signatures: Execution blocks for all parties
1. Additional Inspection Rights: Special provisions for additional inspection types, used when specific concerns arise during initial inspection
2. Cost Allocation: Distribution of any additional costs, used when extension involves additional expenses
3. Contingencies: Additional conditions that must be met, used when extension is conditional
1. Timeline Schedule: Detailed calendar of inspection deadlines and milestones
2. Cost Schedule: Breakdown of any additional costs associated with extension
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