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Amendment To Contract For Sale Of (Real Estate)
"I need an Amendment to Contract For Sale Of (Real Estate) to modify the closing date to March 15, 2025, and adjust the payment schedule for a commercial property in Riyadh, ensuring compliance with Saudi law and including provisions for bank financing."
1. Parties: Identification of all parties to the original contract and amendment, including full legal names and details as per Saudi requirements
2. Background: Reference to the original contract including its date and registration details, and brief context for the amendment
3. Definitions: Key terms used in the amendment, including reference to definitions from the original contract that remain applicable
4. Amendment Details: Specific modifications to the original contract, clearly stating both the original and new provisions
5. Effect on Original Agreement: Statement confirming all other terms of the original agreement remain in full force and effect
6. Governing Law: Confirmation that Saudi Law and Sharia principles govern the amendment
7. Execution: Formal execution block meeting Saudi legal requirements, including space for official authentication if required
1. Consideration: Required if the amendment involves any change in price or additional payment
2. Regulatory Compliance: Required if the amendment needs to address specific regulatory requirements or permits
3. Third Party Consents: Include when the amendment requires approval from mortgagees, regulatory bodies, or other third parties
4. Registration Requirements: Include when specific registration or documentation requirements apply to the amendment
5. Effective Date: Include when the amendment takes effect on a date different from the execution date
1. Schedule 1 - Original Contract: Copy or extract of the original contract being amended
2. Schedule 2 - Modified Terms: Detailed listing of specific terms being modified, if extensive
3. Schedule 3 - Property Details: Updated property details if any changes to the property description or boundaries
4. Schedule 4 - Required Approvals: Copies of any required third-party approvals or regulatory permits
5. Appendix A - Updated Payment Schedule: If the amendment involves changes to payment terms or amounts
Authors
Original Agreement
Effective Date
Original Property Description
Amended Property Description
Parties
Seller
Buyer
Property
Purchase Price
Amended Purchase Price
Completion Date
Registration Authority
Relevant Authority
Title Deed
Amended Terms
Original Terms
Sakk
Business Day
Force Majeure
Consideration
Regulatory Approvals
Permitted Use
Closing
Transfer Date
Payment Schedule
Authentication
Notary Public
Required Documents
Amended Closing Date
Amendment Purpose
Modification Details
Property Description
Price Adjustment
Payment Terms
Registration Requirements
Regulatory Compliance
Title Transfer
Representations and Warranties
Condition Precedent
Closing Requirements
Force Majeure
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Authority and Capacity
Authentication Requirements
Third Party Approvals
Effective Date
Continuing Obligations
Survival
Assignment
Further Assurance
Real Estate
Construction
Banking & Finance
Legal Services
Property Development
Commercial Property
Residential Property
Industrial Property
Hospitality
Retail
Legal
Real Estate
Compliance
Risk Management
Property Management
Sales
Documentation
Corporate Affairs
Investment
Operations
Real Estate Attorney
Property Manager
Legal Counsel
Real Estate Agent
Contract Manager
Compliance Officer
Real Estate Development Manager
Property Sales Director
Legal Documentation Specialist
Real Estate Transaction Coordinator
Risk Management Officer
Corporate Counsel
Real Estate Investment Manager
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