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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."
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 Effect on Original Agreement: Statement confirming which original agreement terms remain in force and which are superseded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
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
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
Property
Land Register (Grundbuch)
Effective Date
Modification Date
Seller
Buyer
Purchase Price Adjustment
Completion Date
Notarial Deed
Land Registry Office (Grundbuchamt)
Permitted Use
Building Permit (Baugenehmigung)
Encumbrances
Energy Certificate (Energieausweis)
Common Areas
Property Management Agreement
Due Date
Transfer of Ownership (Eigentumsübergang)
Building Code (Bauordnung)
Force Majeure
Material Adverse Change
Warranty Period
Existing Lease Agreements
Operating Costs (Betriebskosten)
Registration Requirements
Governing Law
Business Day
Notary Public (Notar)
Easements (Grunddienstbarkeiten)
Property Description
Purchase Price Adjustment
Payment Terms
Completion Date
Transfer of Title
Registration Requirements
Notarization
Property Condition
Warranties and Representations
Due Diligence
Environmental Compliance
Land Use
Building Regulations
Existing Encumbrances
Insurance
Force Majeure
Dispute Resolution
Governing Law
Severability
Integration
Assignment
Notices
Costs and Expenses
Energy Efficiency
Property Management
Utilities and Services
Construction and Renovation
Zoning Compliance
Third Party Rights
Real Estate
Construction
Property Development
Banking and Finance
Legal Services
Property Management
Urban Planning
Architecture
Environmental Services
Legal
Real Estate
Compliance
Property Management
Transactions
Operations
Investment
Asset Management
Due Diligence
Contract Administration
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
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