Appraisal Contingency Addendum Template for Germany

1. Renegotiation Process: Optional section detailing the process for price renegotiation if the appraisal comes in low - used when parties want to pre-agree to negotiation procedures

2. Secondary Appraisal: Provisions for obtaining a second appraisal if the first is disputed - included when parties want this additional safeguard

3. Financing Coordination: Coordination with mortgage financing requirements - included when buyer is obtaining bank financing

4. Cost Allocation: Detailed breakdown of who pays for appraisal costs in various scenarios - used when standard cost allocation needs modification

5. Property Access: Specific terms for appraiser access to the property - included for properties with special access requirements or restrictions

1. Schedule A - Appraisal Standards: Detailed requirements for the appraisal process following ImmoWertV guidelines

2. Schedule B - Approved Appraisers: List of mutually accepted qualified appraisers (if pre-agreed)

3. Schedule C - Notice Forms: Standard forms for giving notice under the contingency

4. Appendix 1 - Property Details: Specific property information relevant to the appraisal

5. Appendix 2 - Timeline Overview: Visual representation of key dates and deadlines