Real Estate Addendum Generator for Germany

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Key Requirements PROMPT example:

Real Estate Addendum

"I need a Real Estate Addendum to modify our purchase agreement dated January 15, 2025, to reflect a 5% increase in purchase price due to agreed renovations and extend the completion date to September 30, 2025."

Document background
A Real Estate Addendum is essential in German property transactions when modifications to an existing real estate agreement become necessary. This document type is commonly used when parties need to adjust terms such as purchase price, property specifications, completion dates, or add new conditions to the original agreement. Under German law, such modifications must be properly documented and usually require notarization to be legally valid. The addendum must comply with the German Civil Code (BGB), particularly sections dealing with property law (§§ 873-902), and relevant state-level regulations. It's crucial for maintaining legal certainty in property transactions while allowing flexibility to address changing circumstances or requirements that arise after the original agreement is signed.
Suggested Sections

1. Parties: Identification of all parties to the addendum, including their full legal names, addresses, and registration details for legal entities

2. Background: Reference to the original agreement being modified, including its date and any previous amendments

3. Definitions: Key terms used in the addendum, ensuring consistency with the original agreement's definitions

4. Subject Matter of Modification: Clear statement of which provisions of the original agreement are being modified

5. Modified Terms: Detailed description of the new or modified terms, with explicit reference to the sections being changed in the original agreement

6. Effect on Original Agreement: Statement confirming which original agreement terms remain in force and which are superseded

7. Notarization Statement: Required statement regarding notarization in accordance with German law

8. Execution: Formal execution block including date and signature requirements

Optional Sections

1. Price Adjustment: Section detailing any changes to the purchase price or payment terms, required when financial terms are being modified

2. Property Description Amendment: Used when modifying the description of the property or included fixtures/fittings

3. Closing Date Modification: Required when changing the completion or handover date

4. Additional Warranties: Used when adding new warranties or representations

5. Mortgage or Financing Provisions: Required when adding or modifying financing terms

6. Construction or Renovation Terms: Used when adding provisions about property modifications or construction works

7. Environmental Provisions: Required when adding terms related to environmental issues or energy efficiency requirements

Suggested Schedules

1. Schedule A - Modified Property Details: Updated property specifications, plans, or boundary descriptions

2. Schedule B - Amended Payment Schedule: Revised payment terms or installment schedule if applicable

3. Schedule C - Modified Completion Requirements: Updated list of conditions or requirements for completion

4. Appendix 1 - Updated Floor Plans: New or modified floor plans or property layouts

5. Appendix 2 - Energy Certificate Updates: Modified or new energy efficiency certificates if required

6. Appendix 3 - Land Registry Documents: Updated land registry extracts or documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Construction

Property Development

Banking and Finance

Legal Services

Property Management

Urban Planning

Architecture

Environmental Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Transactions

Operations

Investment

Asset Management

Due Diligence

Contract Administration

Relevant Roles

Real Estate Attorney

Property Manager

Real Estate Agent

Legal Counsel

Property Developer

Compliance Officer

Contract Manager

Real Estate Investment Manager

Transaction Manager

Property Surveyor

Notary Public

Real Estate Portfolio Manager

Property Acquisition Manager

Real Estate Operations Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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