The Amendment To Purchase And Sale Agreement Template is essential when parties need to modify terms of their original purchase agreement without creating an entirely new contract. Common in U.S. real estate transactions, this document is used when circumstances require changes to price, closing dates, property descriptions, or other material terms. The amendment must conform to state-specific real estate laws and the Statute of Frauds, requiring written modification of real estate contracts. It serves as a formal record of the parties' mutual agreement to modify specific terms while preserving the integrity of the original agreement.
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1. Parties: Identification of all parties to the original agreement and amendment
2. Background: Reference to original agreement and reason for amendment
3. Definitions: Key terms used in the amendment
4. Amendment Details: Specific changes being made to the original agreement
5. Confirmation of Other Terms: Statement that all other terms remain unchanged
6. Execution: Signature blocks and date of amendment
1. Additional Consideration: Used when new consideration is provided for the amendment
2. Conditions Precedent: Include if amendment is subject to specific conditions
3. Third Party Consents: Required when amendment needs approval from other parties
4. Time Extension Provisions: Used when modifying timeline or deadlines
1. Revised Purchase Price Schedule: If purchase price or payment terms are modified
2. Updated Property Description: If property details are being modified
3. Modified Due Diligence Items: Changes to required documentation or investigations
4. Revised Closing Timeline: Updated schedule of key dates and deadlines
Relevant legal definitions
Agreement
Amendment
Amendment Date
Amendment Effective Date
Buyer
Closing Date
Due Diligence Period
Escrow Agent
Modified Purchase Price
Original Agreement
Original Closing Date
Original Purchase Price
Original Terms
Parties
Property
Purchase and Sale Agreement
Purchase Price
Real Property
Revised Closing Date
Revised Terms
Seller
Subject Property
Title Company
Transaction Documents
Amendment
Amendment Date
Amendment Effective Date
Buyer
Closing Date
Due Diligence Period
Escrow Agent
Modified Purchase Price
Original Agreement
Original Closing Date
Original Purchase Price
Original Terms
Parties
Property
Purchase and Sale Agreement
Purchase Price
Real Property
Revised Closing Date
Revised Terms
Seller
Subject Property
Title Company
Transaction Documents
Clauses
Amendment
Assignment
Binding Effect
Closing Date Modification
Conditions Precedent
Consideration
Counterparts
Due Diligence
Effective Date
Entire Agreement
Further Assurances
Governing Law
Integration
No Other Modifications
Notice
Price Adjustment
Property Description
Ratification
Recording
Representations and Warranties
Severability
Survival
Time Extensions
Title Matters
Assignment
Binding Effect
Closing Date Modification
Conditions Precedent
Consideration
Counterparts
Due Diligence
Effective Date
Entire Agreement
Further Assurances
Governing Law
Integration
No Other Modifications
Notice
Price Adjustment
Property Description
Ratification
Recording
Representations and Warranties
Severability
Survival
Time Extensions
Title Matters
Relevant Industries
Relevant Teams
Relevant Roles
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