State of Tennessee 2014 HOME Operations Manual 5-12
AQ-1A
ADDENDUM TO CONTRACT
CONTRACT ADDENDUM # _____ DATED: ___________
Original contract dated ____/_____/_____/ for purchase of the property located at:
__________________________________________________________________ between the following parties:
BUYER: SELLER:
_________________________________ ___________________________________
_________________________________ ___________________________________
BUYER INITIATED THIS CONTRACT ADDENDUM # ____ ON ________, _____, 20_________
__________________________________________________
BUYER'S SIGNATURE INITIATING THIS ADDENDUM
The contract for purchase of the above property was executed prior to the seller being informed of the potential of
the use of federal funds as a part of the transaction. The seller was not informed of their rights as a voluntary
acquisition. The seller has the right to withdraw from the existing agreement. The seller should have been informed
of the following:
____________________________________________, the Buyer, will use federal funds through a HOME grant
from the Tennessee Housing Development Agency to assist in acquiring your property. Please be informed of the
following:
1. ___________________________________, the Buyer, does not have the right of eminent domain
and, therefore, will not acquire the property that you, the Seller, have voluntarily offered for sale if
negotiations fail to result in an amicable agreement; and
2. The terms and conditions of the sale have been set by you, the Seller, and the Buyer based on an
agreed upon fair market value; and
3. Even though federal funds will be used in the acquisition of your property, you, the Seller, will not
be entitled to any relocation benefits
I, the Seller, further certify that the above listed property is not currently tenant-occupied and was not tenant-
occupied at the time that an offer to purchase the property was made. I further certify that I, the Seller, did not order
occupant(s) to move, or fail to renew a lease, in order to sell the property to the Buyer.
I understand that ________________________________________, the Seller, having reviewed this Contract
Addendum # ______, have the right to accept or not accept this Contract Addendum # ________
ACCEPTANCE:
I understand the above comments in this Contract Addendum # ______ and wish to accept this Addendum # _____
to the contract. I do not wish to terminate the contract dated _____/_____/_____ between myself, the Seller, and
____________________ (the Buyer).
_________________________________________ Date of Acceptance: ___________________
Seller's Signature of Acceptance
TERMINATION:
I understand the above comments in this Contract Addendum and do not wish to accept this Addendum # _____ to
the contract. I wish to terminate the contract dated _________________ between myself (the Seller) and
______________________ (the Buyer).
_________________________________________ Date of Termination: __________________
Seller's Signature of Termination