Addendum For "Back-Up" Contract printable pdf download

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)

04-23-07

ADDENDUM FOR

"BACK-UP" CONTRACT

TO CONTRACT CONCERNING THE PROPERTY AT

(Address of Property)

The contract to which this Addendum is attached (the Back-Up Contract) is binding upon execution by the parties, and

the earnest money and any Option Fee must be paid as provided in the Back-Up Contract. The Back-Up Contract

is contingent upon the termination of a previous contract (the First Contract) dated

, for the sale of Property. Except as provided by this Addendum, neither party is required to perform under

the Back-Up Contract while it is contingent upon the termination of the First Contract.

If the First Contract does not terminate on or before

, the Back-Up Contract

terminates and the earnest money will be refunded to Buyer. Seller must notify Buyer immediately of the termination

of the First Contract. For purposes of performance, the effective date of the Back-Up Contract changes to the date

Buyer receives notice of termination of the First Contract (Amended Effective Date).

An amendment or modification of the First Contract will not terminate the First Contract.

If Buyer has the unrestricted right to terminate the Back-Up Contract, the time for giving notice of termination begins

on the effective date of the Back-Up Contract, continues after the Amended Effective Date and ends upon the

expiration of Buyer's unrestricted right to terminate the Back-Up Contract.

For purposes of this Addendum, time is of the essence. Strict compliance with the times for performance stated

herein is required.

Buyer

Seller

Buyer

Seller

This form has been approved by the Texas Real Estate Commission for use with similarly approved or promulgated contract forms.

Such approval relates to this form only. TREC forms are intended for use only by trained real estate licensees. No representation is

made as to the legal validity or adequacy of any provision in any specific transactions. It is not suitable for complex transactions. Texas

Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459-6544 ( )

TREC No. 11-6. This form replaces TREC No. 11-5.

(TAR-1909) 4-23-07

Page 1 of 1

TREC No. 11-6

David Winans Real Estate 17734 Preston Road, Ste. 100 Dallas, TX 75252

Phone:

972-774-9888

Fax:

972-774-9191

David Winans Real Estate

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Addendum For "Back-Up" Contract