Real Estate Repair Addendums

Published on Feb 23, 2021

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PRESENTATION OUTLINE

Real Estate Repair Addendums

What We'll Cover

  • Contract Law Basics
  • Statute of Frauds
  • What is "Material"?
  • Legal Standard
  • Addendum Examples

Proposed 2021 Legislation

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Contracts

Elements of a Contract

  • Offer
  • Acceptance
  • Mutual Assent
  • Consideration

Oral Contracts

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Statute of Frauds

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"AS-IS"

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Disclosure of Material Defects

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Time Frames

Some Examples

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Tips

  • Be Specific
  • Reference Report
  • Identify Who Performs Work
  • Include Deadlines
  • Have Re-Inspection Performed
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Standard of Care