Real Estate Addendum Generator for Singapore

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Key Requirements PROMPT example:

Real Estate Addendum

"I need a Real Estate Addendum to modify the completion date of a property purchase in Singapore from March 2025 to July 2025, and to update the payment schedule accordingly due to buyer's financing arrangements."

Document background

The Real Estate Addendum is a crucial document in Singapore's property market, used when parties need to modify terms of an existing property agreement without creating an entirely new contract. It addresses changes in price, terms, conditions, or timelines while ensuring compliance with Singapore's strict property regulations. This document is particularly important given Singapore's dynamic real estate market and complex regulatory framework, requiring careful attention to both local property laws and international standards.

Suggested Sections

1. Subject Property Details: Specific identification of the property being addressed in the addendum, including address, lot number, and title details

2. Reference to Original Agreement: Clear reference to the main agreement this addendum modifies, including date and parties involved

3. Modifications: Detailed description of changes or additions to the original agreement, clearly stating what is being modified

4. Effect on Original Agreement: Statement clarifying which original terms remain in effect and how this addendum relates to the original agreement

5. Execution: Signature blocks and execution requirements for all parties

Optional Sections

1. Additional Terms: New terms specific to the situation necessitating the addendum, used when introducing completely new terms not covered in original agreement

2. Regulatory Compliance: Specific compliance requirements under Singapore law, including URA, SLA, or other regulatory body requirements

3. Timeline Modifications: Changes to original timeframes, completion dates, or other temporal aspects of the agreement

4. Price Adjustments: Modifications to original pricing, payment terms, or financial arrangements

Suggested Schedules

1. Schedule A - Updated Property Plans: Modified floor plans, property boundaries, or architectural drawings if changes affect physical property aspects

2. Schedule B - Regulatory Approvals: Copies of relevant authority approvals, permits, or certifications

3. Schedule C - Payment Schedule: Modified payment terms, schedules, or financial arrangements if applicable

4. Schedule D - Property Specifications: Updated specifications, features, or modifications to the property

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Residential Real Estate
Commercial Real Estate
Industrial Real Estate
Mixed-Use Development

Relevant Teams

Legal
Real Estate
Compliance
Finance
Property Management
Transactions

Relevant Roles

Real Estate Manager
Property Lawyer
Property Developer
Compliance Officer
Real Estate Agent
Legal Counsel
Property Transaction Manager

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Real Estate Addendum

Authors

Alex Denne

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