COVID-19 Addendum to REPC
March 19, 2020
This optional form addresses uncertainties that buyers and sellers may have because of COVID-19 and clarifies how potential transaction delays will be handled. Should the buyer be unable to access the property due to COVID-19, it automatically extends the Due Diligence and Financing & Appraisal deadlines by the number of days the buyer was unable to access the property. The form also gives the buyer and seller the right to extend the Settlement Deadline by up to 30 days because of COVID-19.