Fill - Free fillable Connecticut REALTORS Covid-19 Coronavirus Addendum (March 2020) PDF form

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March 20, 2020

CORONAVIRUS ADDENDUM

Connecticut REALTORS

The following terms and conditions are hereby incorporated in and made a part of or, as applicable, an amendment to, the Real

Estate Purchase Contract or [ ] Other ________________________________ dated _____________ (the “Agreement”) on

property known as ________________________________________________________________ (“Property”) between

________________________________________________________________________________ (“Buyer”) and

________________________________________________________________________________ (“Seller”).

The current worldwide Coronavirus (COVID-19) pandemic has unprecedented impacts on real estate transactions, including, but

not limited to, travel restrictions, self-imposed and governmentally required isolations, and closures of both governmental and

private offices required to fund, close and record real estate transactions.

Accordingly, in the event compliance with the agreed upon closing date is not possible or practical as a result of unforeseen

circumstances related to COVID-19, such as closings or delays related to government and business services, including but not

limited to delays by or closing of lenders, title insurance companies, appraisers, inspectors, town land records offices, closing

attorneys or otherwise (hereinafter “Unforeseen Circumstances”), the Parties agree as follows:

All other provisions of the Agreement remain in full force and effect.

1. Buyer and Seller agree to postpone closing by up to 14 or ____ Days to accommodate Unforeseen Circumstances, after

which either Party may cancel the Agreement and Buyer’s deposit shall be returned to Buyer. Throughout the term of the

contract, including during the extension period agreed to herein, the Parties agree to use best efforts and act in good faith,

including but not limited to identifying alternatives to an affected contingency or closing service in order to move the transaction

towards the closing as quickly and efficiently as possible.

2. Other:

By signing below, Buyer and Seller each acknowledge that they have read, understand, accept and have received a copy of the

Addendum.

Date _______________ Date _______________

Buyer _____________________________________________ Seller _____________________________________________

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