Change in Terms Addendum to Agreement of Sale

Pennsylvania has issued over a dozen new orders and advisories between last week and this week and though none of those orders specifically target real estate, PAR’s legal team outlines how several will impact your daily practice to varying degrees. 

The state Department of Health announced additional rules in an effort to tamp down the rapid increase in COVID-19 cases and this provides a review of how those changes relate to real estate businesses.

Pennsylvania is currently under an “Order of the Secretary of the Pennsylvania Department of Health Requiring Universal Face Coverings.” This rule clearly applies to showings – that’s not really up for discussion. Wear your mask.

The Pennsylvania Radon Certification Act requires that only specially certified radon testers and mitigators can be used for this purpose. However, the Pennsylvania Department of Environmental Protection reports there have been several instances where a non-certified individual performed these services under the guise of being certified and actually raised the radon levels in the home, in addition to causing other issues in the home.

The statutory deadline provision in the COVID Relief-Mortgage and Rental Assistance Grant Program has been suspended by Gov. Tom Wolf until Nov. 4.

“Home is more important than ever before, and ownership has become a key priority for many, particularly those who have never bought a home before,” said D. Steve Boland, president of retail at Bank of America. “Owning a home has historically helped families create a legacy and enabled them to build long-term wealth.”