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The Amendment To Agreement Of Purchase And Sale is a crucial document in Canadian real estate transactions when circumstances require modifications to an existing purchase agreement. It's commonly used when parties need to adjust terms such as purchase price, closing dates, conditions, or property specifications after the original agreement has been signed but before the transaction closes. This document must conform to provincial real estate laws and regulations, ensuring all changes are properly documented and legally binding. It's particularly important in situations involving complex real estate transactions, multiple stakeholders, or when market conditions or other circumstances necessitate changes to the original terms. The amendment must be executed with the same formality as the original agreement and typically requires legal review to ensure compliance with Canadian contract law principles.
