A Real Estate Contract Addendum is essential when parties need to modify terms of an existing property transaction in Singapore. This document is commonly used when circumstances change after the original contract signing, such as price adjustments, completion date changes, or property specification modifications. It must comply with Singapore's property laws and regulations, including HDB rules where applicable. The addendum ensures all changes are properly documented and legally binding while maintaining the validity of the original agreement.
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Key Requirements PROMPT example:
Real Estate Contract Addendum
"I need a Real Estate Contract Addendum to modify the completion date of our property purchase from March 15, 2025, to June 30, 2025, due to construction delays, and to document the agreed compensation of $5,000 for the delay."
1. Parties: Identification of all parties involved in the original contract and addendum
2. Background: Reference to original contract and reason for addendum
3. Definitions: Key terms used in the addendum
4. Modifications: Specific changes to the original contract
5. Effect on Original Agreement: Statement on how original contract terms remain in effect
6. Execution: Signature blocks and execution requirements
1. Additional Terms: New terms not covered in original contract - use when introducing completely new provisions
2. Price Adjustments: Changes to original pricing terms - use when modifying purchase price or payment terms
3. Timeline Modifications: Changes to dates or deadlines - use when altering completion or possession dates
4. Property Modifications: Changes to property specifications - use when altering property details or included items
1. Schedule A - Modified Property Details: Updated property specifications or boundaries
2. Schedule B - Revised Payment Schedule: Modified payment terms and dates
3. Appendix 1 - Updated Floor Plans: New or modified floor plans if applicable
4. Appendix 2 - Regulatory Approvals: Copies of relevant authority approvals for modifications
Authors
Relevant legal definitions
Agreement
Original Contract
Property
Addendum
Addendum Date
Completion Date
Effective Date
Parties
Seller
Purchaser
Purchase Price
Modified Terms
Property Address
Title Deed
Certificate of Title
Permitted Use
Floor Area
Land Area
Consideration
Approved Plans
Relevant Authority
Business Day
GST
Stamp Duty
Encumbrances
Modifications
Representatives
Working Day
Notice
Vacant Possession
Original Contract
Property
Addendum
Addendum Date
Completion Date
Effective Date
Parties
Seller
Purchaser
Purchase Price
Modified Terms
Property Address
Title Deed
Certificate of Title
Permitted Use
Floor Area
Land Area
Consideration
Approved Plans
Relevant Authority
Business Day
GST
Stamp Duty
Encumbrances
Modifications
Representatives
Working Day
Notice
Vacant Possession
Clauses
Interpretation
Modifications to Original Agreement
Price Adjustment
Payment Terms
Completion Date
Property Description
Delivery of Possession
Conditions Precedent
Representations and Warranties
Title and Ownership
Property Inspection
Due Diligence
Regulatory Compliance
Notices
Assignment
Force Majeure
Severability
Entire Agreement
Governing Law
Dispute Resolution
Amendment
Survival
Further Assurance
Costs and Expenses
Time of Essence
Default and Remedies
Registration
Stamp Duty
Property Tax Adjustments
Insurance
Modifications to Original Agreement
Price Adjustment
Payment Terms
Completion Date
Property Description
Delivery of Possession
Conditions Precedent
Representations and Warranties
Title and Ownership
Property Inspection
Due Diligence
Regulatory Compliance
Notices
Assignment
Force Majeure
Severability
Entire Agreement
Governing Law
Dispute Resolution
Amendment
Survival
Further Assurance
Costs and Expenses
Time of Essence
Default and Remedies
Registration
Stamp Duty
Property Tax Adjustments
Insurance
Relevant Industries
Relevant Teams
Relevant Roles
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