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Real Estate Contract Addendum
"I need a Real Estate Contract Addendum to modify the completion date of a commercial property purchase in Lagos to March 15, 2025, and update the payment schedule to include three installments instead of the original lump sum payment."
1. Parties: Identification of all parties to the original agreement and the addendum, including their legal capacity and addresses
2. Background: Reference to the original agreement including its date and purpose, and the reason for this addendum
3. Definitions: Key terms used in the addendum, including any new terms not defined in the original agreement
4. Reference to Original Agreement: Specific citation of the original agreement sections being modified or supplemented
5. Modifications: Clear statement of the specific changes, additions, or deletions being made to the original agreement
6. Effect on Original Agreement: Statement confirming that all other terms of the original agreement remain in full force and effect
7. Integration: Statement that this addendum forms part of the original agreement
8. Governing Law: Confirmation that Nigerian law governs the addendum
9. Execution: Signature blocks for all parties and witnesses as required under Nigerian law
1. Additional Representations and Warranties: Used when the modification requires new assurances from either party
2. Payment Terms Modification: Include when the addendum affects pricing, payment schedules, or financial terms
3. Timeline Amendments: Used when modifying completion dates, inspection periods, or other time-sensitive provisions
4. Property Description Updates: Include when the modification involves changes to the property description or boundaries
5. Regulatory Compliance: Used when the modification needs to address specific regulatory requirements or zoning changes
6. Force Majeure Updates: Include when adding or modifying provisions for unforeseen circumstances
7. Dispute Resolution Modifications: Used when changing how disputes related to the modified terms will be handled
1. Schedule A - Modified Terms: Detailed listing of all terms being modified from the original agreement
2. Schedule B - Updated Property Details: Any new or modified property specifications, boundaries, or features
3. Schedule C - New Payment Terms: If applicable, detailed breakdown of modified payment structures or schedules
4. Schedule D - Timeline Changes: Detailed timeline modifications if any completion dates or deadlines are being changed
5. Appendix 1 - Required Governmental Approvals: Copies of any new required permits or governmental approvals
6. Appendix 2 - Updated Property Documents: Any new surveys, plans, or property-related documents
7. Appendix 3 - Supporting Documentation: Any additional documents referenced in the addendum
Authors
Original Agreement
Property
Effective Date
Modification Date
Parties
Seller
Buyer
Land Use Act
Certificate of Occupancy
Governor's Consent
Purchase Price Adjustment
Modified Terms
Surviving Provisions
Property Documents
Title Documents
Completion Date
Payment Schedule
Permitted Use
Development Period
Force Majeure Event
Material Change
Governmental Authority
State Land Registry
Stamp Duty
Survey Plan
Building Permit
Occupancy Permit
Environmental Assessment
Execution Date
Business Day
Notice
Default
Remedies
Applicable Law
Registration Requirements
Transfer Documents
Due Diligence
Property Rights
Encumbrances
Amendment
Integration
Property Description
Price Adjustment
Payment Terms
Timeline
Title
Registration
Governmental Approval
Land Use
Environmental Compliance
Representations and Warranties
Due Diligence
Conditions Precedent
Force Majeure
Default
Remedies
Notices
Assignment
Governing Law
Dispute Resolution
Severability
Entire Agreement
Further Assurance
Execution
Stamp Duty
Property Rights
Access Rights
Development Rights
Indemnification
Insurance
Termination
Survival
Compliance with Laws
Real Estate
Construction
Banking & Finance
Property Development
Agriculture (for farmland)
Retail
Industrial
Hospitality
Healthcare
Education
Commercial Office Space
Residential Development
Manufacturing
Warehousing & Logistics
Legal
Real Estate
Property Management
Compliance
Facilities
Operations
Contract Administration
Risk Management
Asset Management
Business Development
Investment
Finance
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Contract Manager
Property Developer
Estate Surveyor
Facilities Manager
Real Estate Investment Manager
Compliance Officer
Real Estate Portfolio Manager
Property Acquisition Manager
Legal Administrator
Real Estate Operations Director
Title Officer
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