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Addendum Amendment To Purchase And Sale Agreement
"I need an Addendum Amendment to Purchase and Sale Agreement to modify the closing date to March 15, 2025, and adjust the purchase price from $850,000 to $825,000 due to inspection findings on a commercial property in Ontario."
1. Parties: Full legal names and addresses of all parties involved in the original Purchase and Sale Agreement
2. Background: Reference to the original Purchase and Sale Agreement, including its date and any previous amendments
3. Definitions: Key terms used in the amendment, including reference to definitions from the original agreement that remain applicable
4. Amendment Details: Specific modifications to the original agreement, clearly stating what is being changed, removed, or added
5. Effect on Original Agreement: Statement confirming that all other terms and conditions of the original agreement remain in full force and effect
6. Integration: Clause stating that this amendment forms part of the original agreement
7. Execution: Signature blocks for all parties, including date of signing
1. Consideration: Required if additional consideration is being provided for the amendment
2. Conditions Precedent: Include if there are specific conditions that must be met before the amendment takes effect
3. Representations and Warranties: Include if new representations or warranties are being added or existing ones are being modified
4. Time Sensitive Provisions: Include if the amendment contains deadline modifications or time-sensitive requirements
5. Regulatory Compliance: Include if the amendment needs to address specific regulatory requirements or approvals
6. Third Party Consents: Include if the amendment requires approval from lenders, insurers, or other third parties
1. Schedule A - Modified Terms: Detailed listing of specific terms being modified, particularly useful for complex changes
2. Schedule B - Revised Price Schedule: If the amendment involves price changes or payment term modifications
3. Schedule C - Updated Property Description: If the amendment involves any changes to property details or included items
4. Appendix 1 - Supporting Documents: Any relevant supporting documentation referenced in the amendment
5. Appendix 2 - Consent Forms: Required third-party consent forms or approvals if applicable
Authors
Original Agreement
Amendment Date
Closing Date
Effective Date
Property
Vendor
Purchaser
Purchase Price
Adjusted Purchase Price
Deposit
Additional Deposit
Amendment
Business Day
Completion
Conditions Precedent
Existing Encumbrances
Modified Terms
Parties
Permitted Encumbrances
Real Property
Representatives
Schedule
Statement of Adjustments
Transfer Documents
Amendment Documents
Closing Documents
Original Terms
Modified Provisions
Consideration
Integration
Original Agreement Reference
Modification
Consideration
Representations and Warranties
Conditions Precedent
Property Description
Purchase Price Adjustment
Closing Date
Due Diligence
Title Matters
Property Condition
Environmental Matters
Regulatory Compliance
Third Party Consents
Further Assurances
Survival
Severability
Governing Law
Counterparts
Notice
Time of Essence
Entire Agreement
Authority and Capacity
Registration
Legal Compliance
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail Property
Agriculture
Hospitality
Mixed-Use Development
Construction
Property Development
Legal
Real Estate
Compliance
Property Management
Operations
Administrative
Risk Management
Asset Management
Transaction Processing
Contract Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Real Estate Broker
Legal Counsel
Contract Administrator
Transaction Coordinator
Compliance Officer
Real Estate Developer
Asset Manager
Property Administrator
Title Officer
Escrow Officer
Real Estate Paralegal
Director of Real Estate
Chief Legal Officer
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