The Closing Cost Addendum to Contract is essential in modern U.S. real estate transactions to clearly delineate financial responsibilities between parties. This document became increasingly important as real estate transactions grew more complex and regulatory requirements expanded. It serves to prevent disputes by clearly documenting who pays for various closing costs, which typically range from 2% to 5% of the purchase price. The addendum must comply with federal regulations like RESPA and TILA, as well as state-specific requirements, and is particularly crucial when negotiating seller concessions or dealing with government-backed loans that have specific closing cost requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of buyer, seller, and other relevant parties to the closing cost addendum
2. Reference to Original Contract: Clear reference to the primary purchase agreement this addendum modifies, including date and parties
3. Itemization of Closing Costs: Detailed breakdown of all applicable closing costs, including but not limited to title fees, escrow fees, recording fees, and transfer taxes
4. Cost Allocation: Specific designation of which party pays each closing cost, including percentages or fixed amounts
5. Payment Terms: Timing and method of closing cost payments, including due dates and acceptable payment methods
6. Signatures: Execution section for all parties, including dates and notary requirements if applicable
1. Lender Requirements: Special stipulations required by the mortgage lender, including maximum seller contributions and specific cost allocations
2. Government Program Requirements: Special requirements for FHA, VA, or other government programs, including specific closing cost limitations and requirements
3. Seller Concessions: Details of any seller contributions to closing costs, including maximum amounts and specific items covered
1. Schedule A - Detailed Cost Breakdown: Itemized list of all closing costs with exact amounts and responsible parties
2. Schedule B - Payment Timeline: Detailed timeline of when each cost must be paid and by which party
3. Schedule C - Third Party Fees: Comprehensive breakdown of all third-party service provider fees including title companies, escrow agents, and other vendors
Relevant legal definitions
Closing
Closing Costs
Closing Date
Contract
Buyer
Seller
Property
Settlement Statement
Title Insurance
Recording Fees
Escrow
Escrow Agent
Lender
Loan
Points
Origination Fee
Prepaid Items
Proration
Settlement
Settlement Agent
Third-Party Fees
Transfer Tax
Property Tax
Seller Concessions
Government Recording Charges
Appraisal Fee
Survey Fee
Home Inspection Fee
Settlement Services
TRID Disclosure
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Addendum Mou
A U.S.-governed legal document that modifies an existing Memorandum of Understanding, updating specific terms while preserving other original provisions.
find out more
Lease Termination Addendum
A U.S.-compliant legal document that modifies an existing lease agreement to formally terminate the tenancy and outline the rights and obligations of all parties during the termination process.
find out more
Employment Contract Renewal Request Letter
A formal U.S.-compliant letter requesting renewal of an existing employment contract, outlining employee achievements and continued employment interest.
find out more
Booking Agent Agreement Non Exclusive
A U.S.-governed agreement establishing a non-exclusive relationship between a booking agent and artist for securing performances and appearances.
find out more
Booking Agent Agreement
A U.S. legal agreement establishing the terms and conditions between a booking agent and artist/talent for securing performance opportunities and representation.
find out more
Utility Addendum To Lease
A U.S. legal document that supplements a lease agreement by specifying utility responsibilities and payment arrangements between landlord and tenant.
find out more
Tenant Pet Agreement Form
A U.S. legal document that establishes terms and conditions for keeping pets in rental properties, supplementing the main lease agreement.
find out more
Tenant Occupied Property Addendum To Agreement Of Sale
A U.S.-governed addendum to a property sale agreement specifically addressing the transfer of tenant-occupied property and associated obligations.
find out more
Swimming Pool Lease Addendum
A U.S. legal document that supplements a lease agreement with specific terms and conditions for swimming pool use and maintenance.
find out more
Swimming Pool Addendum To Lease
A U.S. legal document that supplements a residential lease agreement by establishing rules and responsibilities for properties with swimming pools.
find out more
Storage Addendum To Lease
A U.S. legal document that modifies an existing lease to include terms for additional storage space provided to the tenant.
find out more
Simple Addendum Template
A U.S.-compliant template for modifying existing contracts through formal written amendments.
find out more
Short Term Lease Addendum
A U.S. legal document that modifies an existing lease agreement for a short-term period, subject to federal, state, and local rental regulations.
find out more
Short Sale Addendum
A U.S. legal document that modifies a purchase agreement to accommodate short sale terms and lender approval requirements.
find out more
Seller Name Change Addendum To Real Estate Contract
A U.S. legal document that amends a real estate contract to reflect the seller's legal name change while preserving the original contract's terms.
find out more
Seller Financing Addendum To Real Estate Purchase Contract
A U.S. legal document establishing terms for seller-provided financing in real estate transactions.
find out more
Seller Financing Addendum
A U.S. legal document establishing terms when a property seller provides financing to the buyer.
find out more
Sales Price Change Addendum
A U.S.-compliant legal document that modifies the price terms in an existing sales agreement while maintaining other original contract terms.
find out more
Roommate Lease Addendum
A U.S. legal document that modifies an existing lease to add new roommates and define their rights and responsibilities.
find out more
Roommate Addendum To Lease Rental Agreement
A U.S. legal document that formally adds new roommates to an existing lease agreement while defining shared responsibilities and obligations.
find out more
Residential Pet Agreement
A U.S. legal document that establishes terms and conditions for keeping pets in residential rental properties.
find out more
Residential Lease Addendum Template
A U.S. legal document that modifies or supplements an existing residential lease agreement while maintaining compliance with federal, state, and local housing laws.
find out more
Rental Pet Agreement Template
A U.S.-compliant agreement establishing terms for pet ownership in rental properties.
find out more
Rental Pet Agreement Form
A U.S. legal document establishing terms and conditions for keeping pets in rental properties, supplementing the main lease agreement.
find out more
Rental Pet Agreement
A U.S. legal agreement that establishes terms and conditions for keeping pets in rental properties, supplementing the main lease agreement.
find out more
Rental Lease Pet Addendum
A U.S. legal document supplementing a lease agreement that establishes terms and conditions for keeping pets in rental properties.
find out more
Rental Contract Extension Addendum
A U.S. legal document that extends an existing rental agreement's term while maintaining or modifying its original conditions.
find out more
Rental Arbitrage Lease Addendum
A U.S. legal document that modifies a lease agreement to permit and regulate short-term rental arbitrage operations.
find out more
Rental Agreement Extension Addendum
A U.S. legal document that extends an existing lease agreement's duration while maintaining or modifying original terms.
find out more
Rental Agreement Addendum To Extend Lease
A U.S. legal document that extends an existing lease agreement's duration while maintaining or modifying other terms of the original lease.
find out more
Rent Increase Lease Addendum
A U.S. legal document that modifies an existing lease agreement to implement and document a rent increase while maintaining compliance with applicable laws.
find out more
Real Estate Personal Property Addendum
A U.S. legal document specifying personal property items included in a real estate sale, supplementing the main purchase agreement.
find out more
Real Estate Name Change Addendum
A U.S. legal document that amends property records to reflect an owner's name change while maintaining clear chain of title.
find out more
Real Estate Contract Extension Form
A U.S. legal document that extends the termination date of an existing real estate purchase agreement while maintaining original contract terms.
find out more
Real Estate Contract Extension Addendum
A U.S. legal document that extends the timeline or modifies terms of an existing real estate purchase agreement.
find out more
Real Estate Contract Extension
A U.S. legal document that extends the timeline of an existing real estate purchase agreement while maintaining other original contract terms.
find out more
Real Estate Contract Amendment Template
A U.S.-compliant template for modifying existing real estate purchase agreements while maintaining legal validity under federal and state laws.
find out more
Real Estate Closing Date Addendum
A U.S. legal document that modifies the closing date in a real estate purchase agreement.
find out more
Real Estate Amendment Form
A U.S. legal document used to modify existing real estate contracts while maintaining compliance with federal and state regulations.
find out more
Real Estate Addendum To Extend Closing Date
A U.S. legal document that modifies the closing date in a real estate purchase agreement while maintaining other original contract terms.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)