35 Far/Bar Addendum To Contract Pdf

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In the world of real estate transactions, contracts play a crucial role in ensuring a smooth and legally binding agreement between buyers and sellers. One such contract is the FAR/BAR addendum, a widely used document in Florida that supplements the standard real estate contract. In this article, we will delve into the details of the FAR/BAR addendum to contract PDF and explore its significance, key components, and how it can benefit both parties involved in a real estate transaction.

Understanding the FAR/BAR Addendum

The FAR/BAR addendum is an additional document that can be attached to the standard contract used in Florida real estate transactions. It is designed to provide further clarity and address specific contingencies or conditions that may arise during the buying or selling process. This addendum is often used when the parties involved want to modify or add specific terms to the standard contract.

Key Components of the FAR/BAR Addendum

The FAR/BAR addendum comprises several key components that outline various aspects of the real estate transaction. These components include:

1. Additional Terms and Conditions

This section allows the parties to incorporate additional terms and conditions that are not covered in the standard contract. It provides flexibility for both buyers and sellers to customize the agreement to meet their specific needs.

2. Financing Contingencies

The addendum includes provisions related to financing contingencies, such as the buyer's ability to secure a mortgage loan within a specified timeframe. This protects the buyer from being bound by the contract if they are unable to secure the necessary financing.

3. Inspection Contingencies

This section addresses the buyer's right to conduct inspections on the property and outlines the timeframe within which these inspections must be completed. It allows the buyer to back out of the contract or negotiate repairs based on the inspection results.

4. Appraisal Contingencies

Included in the addendum are provisions related to appraisal contingencies. This safeguards the buyer's interests by allowing them to renegotiate or terminate the contract if the appraised value falls short of the agreed-upon purchase price.

5. Seller's Disclosures

The FAR/BAR addendum includes a section that addresses the seller's obligations to disclose any known defects or issues with the property. This ensures transparency and helps the buyer make an informed decision.

6. Closing Costs and Prorations

This component of the addendum outlines the allocation of closing costs and prorations between the buyer and seller. It clarifies who is responsible for paying certain fees and expenses associated with the transaction.

The Benefits of Using the FAR/BAR Addendum

Now that we understand the components of the FAR/BAR addendum, let's explore the benefits it offers to both buyers and sellers:

1. Customization

The addendum allows both parties to tailor the contract to their specific needs. It provides flexibility and ensures that all terms and conditions are explicitly stated.

2. Protection

By including contingencies related to financing, inspections, and appraisals, the addendum protects both buyers and sellers. It allows for renegotiation or termination of the contract if certain conditions are not met.

3. Transparency

The seller's disclosure section promotes transparency and helps the buyer make an informed decision. It ensures that the buyer is aware of any known defects or issues with the property.

4. Clarity on Closing Costs

The addendum clarifies the allocation of closing costs and prorations, avoiding any confusion or disputes between the parties involved in the transaction.

5. Streamlined Process

By addressing specific contingencies and conditions, the addendum helps streamline the real estate transaction process. It provides a clear roadmap for both parties to follow.


The FAR/BAR addendum to contract PDF is a valuable tool in Florida real estate transactions. Its flexibility, protection, and clarity make it an essential document for both buyers and sellers. By understanding its key components and benefits, real estate professionals can ensure a smoother and more successful transaction for their clients.