An Amendment To Real Estate Contract is essential when parties need to modify terms of an existing real estate agreement without voiding the entire contract. This document is commonly used in the United States when circumstances require changes to closing dates, purchase prices, property descriptions, or other material terms. The amendment must comply with both federal regulations and state-specific real estate laws, requiring proper execution by all original parties. It serves as a formal record of modifications while preserving the validity of unaltered terms in the original contract.
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1. Parties: Identification of all parties to the original contract and amendment
2. Background: Reference to original contract including date, parties, and property description
3. Definitions: Key terms used in the amendment
4. Amendment Details: Specific changes being made to the original contract
5. Ratification: Statement that all other terms of original contract remain in effect
6. Execution: Signature blocks and date of amendment
1. Consideration: Section detailing any new consideration being exchanged between the parties
2. Time Extension: Section specifying modified timelines or deadlines in the original contract
3. Price Adjustment: Section detailing modified purchase price terms or payment conditions
4. Contingencies: Section specifying modified or new contingencies to the original contract
1. Schedule A: Updated property description and details
2. Schedule B: Modified payment terms and schedule
3. Schedule C: Updated closing requirements and conditions
Relevant legal definitions
Agreement
Original Contract
Amendment
Property
Effective Date
Closing Date
Purchase Price
Seller
Buyer
Parties
Consideration
Closing
Title
Premises
Real Property
Business Day
Modification
Contract Documents
Contingencies
Due Diligence Period
Settlement Statement
Escrow Agent
Title Company
Earnest Money
Deed
Original Contract
Amendment
Property
Effective Date
Closing Date
Purchase Price
Seller
Buyer
Parties
Consideration
Closing
Title
Premises
Real Property
Business Day
Modification
Contract Documents
Contingencies
Due Diligence Period
Settlement Statement
Escrow Agent
Title Company
Earnest Money
Deed
Clauses
Amendment Details
Consideration
Property Description
Price Modification
Closing Date
Due Diligence
Contingencies
Title Matters
Inspection Rights
Financing Terms
Escrow Provisions
Property Condition
Representations and Warranties
Default
Remedies
Notice Requirements
Assignment
Governing Law
Entire Agreement
Ratification
Severability
Counterparts
Further Assurances
Time of Essence
Force Majeure
Consideration
Property Description
Price Modification
Closing Date
Due Diligence
Contingencies
Title Matters
Inspection Rights
Financing Terms
Escrow Provisions
Property Condition
Representations and Warranties
Default
Remedies
Notice Requirements
Assignment
Governing Law
Entire Agreement
Ratification
Severability
Counterparts
Further Assurances
Time of Essence
Force Majeure
Relevant Industries
Relevant Teams
Relevant Roles
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