Change in Terms Addendum to Agreement of Sale

Gov. Tom Wolf signed a new executive order today protecting homeowners and renters from eviction or foreclosure until Aug. 31, if they are not already receiving relief through a state or federal foreclosure moratorium programs or judicial orders.

“NAR has heard from both members and consumers there is a demand for homes in rural areas and small towns that provide not only larger homes, but acreage in a less dense city center,” said the National Association of Realtors® Vice President of Demographics and Behavioral Insights Dr. Jessica Lautz. “NAR members have told us there is strong demand for homes that provide personal space inside the home and land outside the home.”

As this applies to Realtors®, face coverings should be worn whenever conducting real estate-related activities outside of your own residence.

As some of Pennsylvania’s most populous counties move into the green phase of reopening, the PAR Legal Hotline is getting another wave of green-phase questions.

Beginning July 1, all of the agreements should have the following elements to them, where applicable: fixtures and personal property, inspection limitations and reports and the Internet of Things and recordings.

Recently revised to conform to guidance for real estate, use of the COVID-19 Property Access Notice (Form COVID-PAN) and the COVID-19 Health and Safety Acknowledgment (Form COVID-HSA) still have a place in your routine, even as restrictions loosen.