What is the Arizona form often used to show modifications to a contract?

The Arizona form commonly used to show modifications to a contract is indeed an addendum form. An addendum serves as a supplement to the original agreement, allowing parties to alter specific terms or conditions while keeping the rest of the contract intact. This approach ensures that any changes are formally documented and acknowledged by all parties involved, thus maintaining clarity and legal integrity in the transaction.

This method is particularly useful in real estate, where circumstances can change, and parties may need to negotiate new terms after the original contract has been executed. For instance, an addendum could be used to extend the closing date, modify contingencies, or adjust purchase price stipulations.

In contrast, the other options either do not directly apply to contract modifications or serve different purposes. An “as is” form is meant to indicate that a property is being sold without warranties or repairs needed, focusing more on the condition of the property rather than modifications to the contract itself. A counteroffer form is utilized when one party makes a new offer that changes the terms presented in the initial offer, rather than modifying an existing contract. Lastly, a real estate disclosure and election form typically relates to the obligations of the seller to disclose certain information about the property to the buyer, rather than acting as a modification