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Real Estate Contract Addendum
I need a Real Estate Contract Addendum under German law to modify the purchase price of a commercial property in Berlin from €2.5M to €2.8M, with the closing date extended to March 15, 2025.
1. Parties: Identification of the original contracting parties, including their full legal names, addresses, and registration details if applicable
2. Background: Reference to the original real estate contract, including its date and key details, and explanation of why this addendum is necessary
3. Definitions: Definitions of key terms used in the addendum, including any new terms not defined in the original agreement
4. Amendments to Original Contract: Specific modifications to the original contract, clearly referencing the sections being modified
5. Continuing Validity: Confirmation that all other terms of the original contract remain in full force and effect
6. Governing Law: Confirmation that German law governs the addendum, consistent with the original agreement
7. Execution: Formal execution block including space for signatures, dates, and notarization
1. Purchase Price Adjustment: Used when the addendum modifies the original purchase price or payment terms
2. Property Description Changes: Used when there are modifications to the property description or boundaries
3. Closing Date Modification: Used when changing the closing or completion date of the transaction
4. Condition Precedents: Used when adding or modifying conditions that must be met before closing
5. Due Diligence Extension: Used when modifying the due diligence period or requirements
6. Transfer of Rights: Used when there are changes in the assignment or transfer rights under the original contract
7. Energy Certificate Updates: Used when changes affect the energy efficiency status or requirements
1. Modified Property Description: Detailed description of any changes to the property specifications, boundaries, or included items
2. Revised Payment Schedule: Updated payment terms or schedule if financial terms are modified
3. Due Diligence Documents: Any new or modified due diligence requirements or findings
4. Land Registry Documents: Updated land registry excerpts or documentation required for registration
5. Energy Certificate: Updated energy efficiency certificate if modifications affect energy status
Authors
Original Parties
Property
Effective Date
Addendum
Purchase Price
Closing Date
Land Register (Grundbuch)
Notarial Deed
Transfer Date
Due Diligence Period
Permitted Use
Encumbrances
Land Charge (Grundschuld)
Registration Requirements
Business Day
Notary
Completion
Material Adverse Change
Force Majeure Events
Purchase Price Modification
Property Description
Closing Date
Due Diligence
Registration Requirements
Notarization
Land Registry
Representations and Warranties
Conditions Precedent
Payment Terms
Property Transfer
Costs and Taxes
Energy Efficiency
Encumbrances
Property Use
Force Majeure
Severability
Governing Law
Entire Agreement
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Property Management
Commercial Property
Residential Property
Urban Development
Property Investment
Legal
Real Estate
Compliance
Property Management
Acquisitions
Investment
Contract Administration
Risk Management
Property Development
Transaction Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Contract Manager
Property Developer
Real Estate Investment Manager
Compliance Officer
Real Estate Transaction Manager
Notary Public
Real Estate Portfolio Manager
Property Acquisition Manager
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