Amendment To Listing Agreement Template for Austria

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Key Requirements PROMPT example:

Amendment To Listing Agreement

"I need an Amendment to Listing Agreement to modify the broker's commission structure from 5% to 3.5% for our Vienna property listing, while keeping all other terms of our original March 2025 agreement unchanged."

Document background
The Amendment To Listing Agreement is a crucial document used in Austrian real estate transactions when parties need to modify their existing listing arrangement without creating an entirely new agreement. This document type is particularly relevant when circumstances change during the listing period, such as adjustments to property pricing, commission structures, marketing strategies, or listing duration. Governed by Austrian law, particularly the ABGB and Real Estate Broker Act, the amendment must clearly reference the original agreement and specify the exact modifications while ensuring compliance with Austrian real estate regulations. The document serves as a legal bridge between the original listing agreement and the new terms, maintaining continuity while implementing necessary changes.
Suggested Sections

1. Parties: Identification of all parties to the amendment, including the property owner/seller and the real estate broker

2. Background: Reference to the original Listing Agreement, including its date and key details, and the reason for the amendment

3. Definitions: Key terms used in the amendment, including any new terms not defined in the original agreement

4. Amendment Details: Specific modifications to the original agreement, clearly stating what is being changed, added, or removed

5. Confirmation of Other Terms: Statement confirming that all other terms and conditions of the original agreement remain unchanged and in full force and effect

6. Effective Date: The date when the amendment becomes effective

7. Governing Law: Confirmation of Austrian law as the governing law of the amendment

8. Execution: Signature blocks for all parties and any required witnesses

Optional Sections

1. Broker's Commission Modification: Include when the amendment involves changes to the broker's commission structure or payment terms

2. Property Description Update: Include when there are changes to the property details or listing parameters

3. Term Extension: Include when the duration of the listing agreement is being modified

4. Marketing Terms Modification: Include when changes are being made to the marketing strategy or requirements

5. Representations and Warranties: Include when new representations or warranties are being added or existing ones modified

6. Compliance with New Regulations: Include when the amendment is being made to comply with new legal requirements or regulations

Suggested Schedules

1. Schedule A - Original Agreement: Copy of the original Listing Agreement being amended

2. Schedule B - Modified Terms: Detailed outline of the specific terms being modified, shown in comparison format

3. Schedule C - Updated Property Information: If applicable, updated property details, pricing, or listing parameters

4. Schedule D - Revised Commission Structure: If applicable, detailed breakdown of any modified commission arrangements

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 Industries

Real Estate

Property Development

Commercial Property

Residential Property

Real Estate Investment

Property Management

Professional Services

Legal Services

Relevant Teams

Real Estate

Legal

Compliance

Sales

Business Development

Administration

Contracts

Operations

Transaction Management

Relevant Roles

Real Estate Broker

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Contract Manager

Real Estate Director

Sales Manager

Business Development Manager

Property Administrator

Transaction Coordinator

Real Estate Partner

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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