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Common Interest Community Addendum To Buy And Sell Real Estate (Commercial Or Vacant Land, Farm Or Ranch) Form. This is a Colorado form and can be use in Real Estate Statewide.
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Tags: Common Interest Community Addendum To Buy And Sell Real Estate (Commercial Or Vacant Land, Farm Or Ranch), CIC32, Colorado Statewide, Real Estate
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COURT
COUNTY .OF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . of
The printed. portions . this form have been approved, except differentiated additions, by the Colorado Real Estate
:
Index No.
Commission. (CIC 32-5-04)
:
Calendar No.
THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND
TAX OR OTHER COUNSEL BEFORE SIGNING.
Plaintiff(s)
JUDICIAL SUBPOENA
:
(This addendum should be used for the sale of Property involving ownership of common elements, or
where there is an obligation to pay common expenses pursuant to : recorded Declaration)
a
Defendant(s)
:
. . .AMENDMENT .TO .A .CONTRACT .TO. BUY. AND .SELL REAL ESTATE.
.............. ... . ............ .. .... ..... ...
This Common Interest Community Addendum is made a part of the Contract to Buy and Sell Real
Estate for the purchase and sale of the Property known as
THE PEOPLE OF , which is dated NEW YORK
THE STATE OF
, between Buyer and Seller (“Contract”). This
Addendum shall control in the event of any conflict with the Contract. The following provisions of the
TO
Contract are amended by these additions:
§ 2c.
Dates and Deadlines.
GREETINGS:
Item No.
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:
COMMON INTEREST COMMUNITY ADDENDUM
-against:
TO CONTRACT TO BUY AND SELL REAL ESTATE
(COMMERCIAL or VACANT LAND – FARM – RANCH)
Reference
Event
Date or Deadline
§ 8f COMMAND YOU, that allRefusal Deadline being laid aside, you and each of you attend before
Right Of First business and excuses
WE
,
the Honorable
at the
Court
located at
County of
in room INCLUSIONS AND EXCLUSIONS. The, at
, on the
day of
, 20
noon, and at of recessed
§ 3.
purchase o'clock shall also include use anythe
price in the
or adjourned date, to testify and give evidence as a witness inand the followingpart of the
this action on the storage facilities:
following parking facilities:
;
.
§ 7d. Your failure Interest Community Governing Documents.
Common to comply with this subpoena is punishable as a contempt of court and will make you liable to
(1)
the party on whoseNot Applicable. This subsection d. shall not apply. of $50 and all damages sustained as a
behalf this subpoena was issued for a maximum penalty
(2)failure to comply. on Buyer's Review. Seller shall cause to be furnished to Buyer, at
Conditional
result of your
Seller's expense, on or before Title Deadline (§ 2c) a current copy of the owners’ association
declarations, bylaws, Honorable regulations, party wall agreements, minutes of the Justices of the
Witness, rules and
, one of most recent annual
owners’ meeting and minutes of any directors' meetings during the 6 month period immediately
Court in
County,
day of
, 20
preceding the Title Deadline, if any (herein collectively "Governing Documents"), most recent financial
documents consisting of (a) annual balance sheet, (b) annual income and expenditures statement, and (c)
annual budget (herein collectively "Financial Documents"), if any. Written notice of any unsatisfactory
(Attorney Buyer, and given name below)
provision in any of these documents signed by Buyer, or on behalf of must sign above and type to Seller on or
before Governing Documents Objection Deadline (§ 2c), (which is the same as Title Objection
Deadline [§ 2c]), shall terminate this contract. If Seller does not receive written notice from Buyer
Attorney(s) for
within such time, Buyer accepts the terms of said documents, and Buyer's right to terminate this contract
pursuant to this subsection is waived, notwithstanding the provisions of § 8e.
(3)
Not Conditional on Review. Buyer acknowledges that Seller has delivered a
copy of the Governing Documents and Financial Documents. Buyer has reviewed them, agrees to
accept the benefits, obligations and restrictions that they impose upon the Property and its owners and
Office and P.O. Address
waives any right to terminate this contract due to such documents, notwithstanding the provisions of §
8e.
Telephone No.:
Facsimile No.:
E-Mail Address:
Mobile Tel. No.:
CIC32-5-04 Common Interest Community Addendum
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COURT
COUNTY .OF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . .§. 8f.. . . Right of First Refusal or Approval. If there is a right of first refusal on the Property, or
..
..
:
Index No.
a right to approve this contract, Seller shall promptly submit this contract according to the terms and
conditions of such right. If the holder of the right of first refusal :exercises such right or the holder of a
Calendar
right to approve disapproves this contract, this contract shall terminate. If theNo. of first refusal is
right
waived explicitly or expires, or the contract is approved, this contract shall remain in full force and
:
JUDICIAL SUBPOENA
Plaintiff(s)
effect. Seller shall promptly notify Buyer of the foregoing. If expiration or waiver of the right of first
refusal or contract approval has not occurred on or before the Right of First Refusal Deadline (§ 2c),
-against:
this contract shall terminate.
:
§ 14. CLOSING COSTS; DOCUMENTS AND SERVICES. Any fees incident to the
:
issuance of owners’ association’s statement of assessments (Status Letter) shall be paid by
Buyer
Seller. Any fees incident to the transfer from Seller to Buyer assessed by the owners' association
Defendant(s)
:
(Owners’ .Association .Transfer .Fee).shall .be. paid .by. . . . Buyer . . . Seller.
.... .......... ....... ... .... . .... .
......
§ 15c. ASSOCIATION ASSESSMENTS. Current regular owners' association assessments
and association dues. Owners' association assessments paid in advance shall be credited to Seller at
THE PEOPLE OF THE STATE the regular owners' association assessments for deferred maintenance
Closing. Cash reserves held out of OF NEW YORK
by the owners' association shall not be credited to Seller except as may be otherwise provided by the
TO
Governing Documents. Any special assessment by the owners' association for improvements that have
been installed as of the date of Buyer's signature hereon shall be the obligation of Seller. Any other
special assessment assessed prior to Closing Date (§ 2c) by the owners' association shall be the
obligation of
Buyer
Seller. Seller represents that the amount of the regular owners' association
GREETINGS:
assessment is currently payable at $
per
and that there are no unpaid regular or
special assessments against theYOU, that except the current regular assessments you and each of you attend before
Property all business and excuses being laid aside, and except
WE COMMAND
,
the Honorable
at the
Court
.
located at
County of
Suchin room
assessments are subject to changeof provided in the Governing Documents. Seller agrees to any recessed
, on the
day as
, 20
, at
o'clock in the
noon, and at
promptly request date,owners' association to deliverato Buyerin this action on the part(§ 2c) a current
or adjourned the to testify and give evidence as witness before Closing Date of the
statement of assessments against the Property.
Date:
Date:
Your failure to comply with this subpoena is punishable as a contempt of court and will make you liable to
the party on whose behalf this subpoena was issued for a maximum penalty of $50 and all damages sustained as a
result of your failure to comply.
Buyer
Witness, Honorable
Court in
County,
Date:
Buyer
, one of the Justices of the
day of
, 20
Date:
(Attorney must sign above and type name below)
Seller
Seller
Attorney(s) for
Office and P.O. Address
Telephone No.:
Facsimile No.:
E-Mail Address:
Mobile Tel. No.:
CIC32-5-04 Common Interest Community Addendum
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