The Coronavirus (COVID-19) Addendum

 

Now Live in Form Simplicity and TransactionDesk

Florida Realtors® has released a new contract extension addendum that allows for time periods and dates to be extended as a result of the COVID-19 pandemic. This form is available for use in the event the parties would like to extend certain dates or time periods as a result of COVID-19.

The Coronavirus (COVID-19) may have impacts to real estate transactions, including but not limited to travel restrictions, self-imposed and/or governmental required isolations, potential closures of offices and institutions required to fund, close and record real estate transactions, and action or inactions of a homeowners’ or condominium association.

The form includes checkboxes with extension options for:

  • Closing date

  • Financing period

  • Inspection period

  • Title cure period

  • Feasibility study period

  • Due diligence period

  • Homeowners/condominium association approval

Realtors® with questions are encouraged to call the Florida Realtors® Legal Hotline, a free member benefit.

Source: Florida Realtors®

DISCLAIMER: Please note that the COVID-19 pandemic is evolving daily. Make sure to observe the CDC Guidelines as well as the Federal, State, and Local Orders. For legal questions, please contact the Florida Realtors® Legal Hotline. 

 
Anthony Acevedo