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Addendum In Real Estate Contract

Addendum In Real Estate Contract Template for Singapore

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Key Requirements PROMPT example:

Addendum In Real Estate Contract

"I need an Addendum In Real Estate Contract to modify the completion date of our Singapore property purchase from March 2025 to June 2025, and to adjust the payment schedule accordingly due to construction delays."

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An Addendum In Real Estate Contract becomes necessary when parties need to modify their original property agreement without creating an entirely new contract. Common in Singapore's dynamic real estate market, this document addresses changes such as purchase price adjustments, completion dates, or property specifications. It must comply with Singapore's property laws and regulations, including the Residential Property Act and relevant HDB rules if applicable. The addendum ensures all modifications are legally binding while preserving the integrity of the original agreement.
Suggested Sections

1. Identification of Original Contract: Reference to the original contract being modified, including date and parties

2. Parties: Details of all parties involved in the original contract and addendum

3. Background: Context and reasons for the addendum

4. Definitions: Any new terms being introduced in the addendum

5. Modifications: Specific changes being made to the original contract

6. Effect on Original Agreement: Statement confirming all other terms remain unchanged

7. Execution: Signature blocks and execution details

Optional Sections

1. Additional Terms: New terms being added to the contract when introducing completely new provisions

2. Time Extension: Modified timelines or deadlines when changing any contractual dates

3. Price Adjustment: Changes to the original purchase price when modifying financial terms

4. Property Description Update: Changes to property details when modifying property specifications

Suggested Schedules

1. Schedule of Amendments: Detailed list of all modifications to the original contract

2. Updated Payment Schedule: Revised payment terms and schedule if payment terms are modified

3. Modified Property Plans: Updated property specifications and plans if property details are changed

4. Supporting Documents: Any relevant certificates, permits, or authorizations required for the modifications

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

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alex.den.21@genieai.co
Industries

Residential Property Act: Chapter 274 of Singapore laws - Governs residential property ownership, particularly restrictions on foreign ownership of residential property in Singapore

Land Titles Act: Chapter 157 of Singapore laws - Regulates the registration and transfer of land titles, establishing the land titles system in Singapore

Planning Act: Chapter 232 of Singapore laws - Controls land use and development in Singapore, including zoning regulations

Housing and Development Act: Chapter 129 of Singapore laws - Governs public housing (HDB) properties, their sale, purchase, and usage restrictions

Building Control Act: Chapter 29 of Singapore laws - Regulates building works and construction standards in Singapore

Contract Law Act: Chapter 53 of Singapore laws - Provides the fundamental principles governing formation and enforcement of contracts

Misrepresentation Act: Chapter 390 of Singapore laws - Deals with false statements made during contract formation and their remedies

Estate Agents Act: Chapter 95A of Singapore laws - Regulates real estate agents and agencies in Singapore

Real Estate Developers Act: Controls and licenses real estate developers, protecting buyers' interests in property transactions

COVID-19 Temporary Measures Act: Temporary legislation providing relief for inability to perform contractual obligations due to COVID-19

CEA Guidelines: Council for Estate Agencies guidelines governing real estate agency practice and professional conduct

URA Guidelines: Urban Redevelopment Authority guidelines on property development and land use

BCA Regulations: Building and Construction Authority regulations on building standards and safety

Stamp Duties Act: Governs stamp duties payable on property transactions, including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD)

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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