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Amendment To Land Contract
I need an Amendment To Land Contract to modify the property boundaries and adjust the purchase price from $500,000 to $475,000 for a commercial property in Ontario, with all changes to take effect by March 15, 2025.
1. Parties: Identifies all parties to the amendment, including their legal names, addresses, and their role in the original agreement
2. Background: References the original land contract, including its date and registration details, and briefly explains the reason for the amendment
3. Definitions: Defines key terms used in the amendment, including any new terms not present in the original agreement
4. Reference to Original Agreement: Specifically identifies the original land contract and confirms its continuing validity except as modified by this amendment
5. Amendment Details: Clearly states the specific modifications being made to the original agreement, with reference to relevant section numbers
6. Effective Date: Specifies when the amendments take effect
7. Confirmation of Other Terms: Confirms that all other terms of the original agreement remain unchanged and in full force and effect
8. Registration: Addresses requirements for registration of the amendment with relevant land registry office
9. Execution: Signature block for all parties and witnesses, including notarization requirements
1. Consideration: Required when there is a new exchange of value as part of the amendment
2. Consent of Third Parties: Include when the amendment requires approval from mortgagees, tenants, or other stakeholders
3. Conditions Precedent: Include when the amendment is subject to certain conditions being met before taking effect
4. Tax Implications: Include when the amendment has significant tax consequences that need to be addressed
5. Regulatory Compliance: Include when the amendment requires specific regulatory approvals or notifications
6. Transition Provisions: Include when implementation of the changes requires a transition period or specific steps
1. Schedule A - Modified Terms: Detailed listing of specific terms being modified, showing both original and amended language
2. Schedule B - Property Description: Updated legal description of the property if the amendment affects property boundaries or descriptions
3. Schedule C - Survey/Plans: Updated surveys or plans if the amendment involves changes to property boundaries or features
4. Appendix 1 - Consent Documents: Copies of consent forms from relevant third parties
5. Appendix 2 - Supporting Documentation: Any additional documentation supporting or required for the amendment, such as certificates or approvals
Authors
Amendment
Amendment Date
Amended Terms
Applicable Laws
Business Day
Closing Date
Effective Date
Existing Contract
Lands
Legal Description
Modified Provisions
Original Agreement
Original Date
Parties
Property
Purchase Price
Registered Owner
Registration
Registry Office
Subject Property
Terms and Conditions
Title
Transfer
Unmodified Provisions
Property Description
Title Matters
Registration Requirements
Consideration
Representations and Warranties
Conditions Precedent
Closing Conditions
Land Use
Compliance with Law
Third Party Consents
Registration and Notice
Further Assurances
Governing Law
Severability
Integration
Execution
Notice
Assignment
Survival
Force Majeure
Dispute Resolution
Authority and Capacity
Environmental Matters
Real Estate
Property Development
Construction
Agriculture
Commercial Property
Residential Property
Industrial Property
Mining
Forestry
Energy
Infrastructure
Municipal Development
Indigenous Land Management
Urban Planning
Legal
Real Estate
Property Management
Land Administration
Compliance
Contract Administration
Development
Corporate Affairs
Operations
Risk Management
Real Estate Lawyer
Property Manager
Land Registrar
Real Estate Development Manager
Corporate Counsel
Title Examiner
Land Administrator
Property Development Director
Compliance Officer
Real Estate Agent
Construction Project Manager
Urban Planning Director
Legal Operations Manager
Contract Administrator
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