Option to Move Addendum Clause Samples
The "Option to Move Addendum" clause grants one or both parties the right to relocate or transfer an addendum attached to the main agreement. In practice, this means that if circumstances change—such as a change in property location or a shift in contractual obligations—the addendum can be moved to another relevant section or document with mutual consent or under specified conditions. This clause ensures flexibility in contract management, allowing the agreement to adapt to evolving needs without requiring a complete renegotiation, thereby maintaining clarity and continuity in the contractual relationship.
Option to Move Addendum. In the event Resident receives approval from Messiah Village to move to another Residence (i.e. another Residence or apartment unit), Resident shall sign an addendum to this Agreement reflecting all costs and charges related to exercising the option to move, including the Monthly Service Fee for the selected Residence, the amortization schedule for the selected Residence and adjustments to the guaranteed refund amount, if any and the amount of any refunds of the initial Entrance Fee, if any, as calculated in Attachment D of this Agreement.