The Addendum In (Real Estate) is a crucial legal instrument in Philippine real estate transactions, used when parties need to modify an existing real estate agreement without creating an entirely new contract. This document type is particularly relevant when circumstances require adjustments to property details, payment terms, completion dates, or other contractual obligations. It must comply with Philippine property laws, including the Civil Code, the Real Estate Service Act (RESA), and relevant local government regulations. The addendum serves as a bridge between the original agreement and new terms, ensuring all modifications are properly documented and legally binding. It's commonly used in various situations, from simple timeline extensions to complex modifications of property specifications or payment structures, and requires careful drafting to maintain consistency with both the original agreement and Philippine legal requirements.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Addendum In (Real Estate)
"I need an Addendum In (Real Estate) to modify our existing purchase agreement for a commercial property in Manila, extending the completion date to March 15, 2025, and updating the payment schedule to accommodate this extension."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
1. Parties: Identification of all parties to the original agreement and addendum, including their legal capacities and addresses
2. Background: Reference to the original agreement including its date, purpose, and registration details if any
3. Definitions: Key terms used in the addendum, particularly new terms not defined in the original agreement
4. Purpose of Addendum: Clear statement of the reason for the addendum and its intended effect
5. Modifications: Detailed description of specific changes, amendments, or additions to the original agreement
6. Effect on Original Agreement: Statement confirming which parts of the original agreement remain in force
7. Governing Law: Confirmation that the addendum is governed by Philippine law and specific applicable regulations
8. Execution: Signature blocks for all parties, including witnesses and notary requirements as per Philippine law
1. Additional Consideration: Required when the modification involves changes in payment terms or additional payments
2. Property Description Updates: Needed when the modification involves changes to the property description or boundaries
3. Time Extensions: Used when modifying completion dates, payment schedules, or other timeline-related terms
4. Regulatory Compliance: Required when modifications need specific regulatory approvals or compliance statements
5. Tax Provisions: Included when modifications affect tax obligations or requirements
6. Force Majeure Updates: Added when modifying force majeure provisions in light of new circumstances
1. Schedule A - Modified Terms: Detailed listing of specific terms being modified from the original agreement
2. Schedule B - Updated Property Details: Any new or modified property specifications, measurements, or boundaries
3. Schedule C - Payment Modifications: Details of any changes to payment terms, schedules, or amounts
4. Appendix 1 - Supporting Documents: Copies of relevant permits, certificates, or other supporting documentation
5. Appendix 2 - Property Plans: Updated property plans or drawings if modifications affect physical aspects of the property
6. Appendix 3 - Regulatory Approvals: Copies of any required regulatory or governmental approvals for the modifications
Authors
Relevant legal definitions
Original Agreement
Property
Addendum
Effective Date
Modified Terms
Existing Terms
Parties
Subject Property
Transfer Date
Purchase Price
Payment Terms
Completion Date
Due Diligence
Encumbrances
Title
Registration
Notarial Certificate
Force Majeure
Governing Law
Business Day
Notice
Consideration
Material Change
Permitted Use
Compliance Certificate
Zoning Requirements
Property Description
Transfer Certificate of Title
Tax Declaration
Regulatory Approval
Local Government Unit
Developer
Common Areas
Improvements
Extension Period
Default
Remedies
Assessment
Modification Date
Recording Date
Property
Addendum
Effective Date
Modified Terms
Existing Terms
Parties
Subject Property
Transfer Date
Purchase Price
Payment Terms
Completion Date
Due Diligence
Encumbrances
Title
Registration
Notarial Certificate
Force Majeure
Governing Law
Business Day
Notice
Consideration
Material Change
Permitted Use
Compliance Certificate
Zoning Requirements
Property Description
Transfer Certificate of Title
Tax Declaration
Regulatory Approval
Local Government Unit
Developer
Common Areas
Improvements
Extension Period
Default
Remedies
Assessment
Modification Date
Recording Date
Clauses
Identification of Original Agreement
Amendment Purpose
Property Description
Modification Terms
Payment Terms
Completion Date
Registration Requirements
Property Transfer
Title Matters
Representations and Warranties
Regulatory Compliance
Local Government Requirements
Notices
Force Majeure
Default and Remedies
Governing Law
Dispute Resolution
Entire Agreement
Severability
Further Assurance
Counterparts
Notarization
Recording
Execution
Authorization
Tax Provisions
Survival of Original Terms
Assignment
Amendment
Waiver
Amendment Purpose
Property Description
Modification Terms
Payment Terms
Completion Date
Registration Requirements
Property Transfer
Title Matters
Representations and Warranties
Regulatory Compliance
Local Government Requirements
Notices
Force Majeure
Default and Remedies
Governing Law
Dispute Resolution
Entire Agreement
Severability
Further Assurance
Counterparts
Notarization
Recording
Execution
Authorization
Tax Provisions
Survival of Original Terms
Assignment
Amendment
Waiver
Relevant Industries
Real Estate
Property Development
Construction
Commercial Property
Residential Property
Real Estate Investment
Property Management
Property Leasing
Urban Development
Real Estate Finance
Relevant Teams
Legal
Real Estate Operations
Property Management
Compliance
Sales
Business Development
Contract Administration
Document Management
Asset Management
Transaction Processing
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Broker
Legal Counsel
Contract Administrator
Real Estate Developer
Property Development Manager
Compliance Officer
Real Estate Investment Manager
Legal Document Specialist
Real Estate Operations Manager
Property Sales Director
Real Estate Transaction Coordinator
Find the exact document you need
Addendum In (Real Estate)
A legal document under Philippine law that modifies or amends an existing real estate agreement, ensuring compliance with local property laws and regulations.
find out more
Sales Agreement Contract Form
A legally binding sales agreement template compliant with Philippine law, establishing terms and conditions for commercial transactions between parties.
find out more
Realtor Offer To Purchase Form
A Philippine-compliant legal document presenting a formal offer to purchase real property, including essential terms and conditions of the proposed transaction.
find out more
Agreement To Sale And Agreement For Sale
A Philippine law-governed document combining a promise to sell and final sale agreement for property transactions.
find out more
Agreement For Property Sale
A legal contract under Philippine law documenting the terms and conditions for the transfer of real property ownership from seller to buyer.
find out more
Private Car Sale Purchase Agreement
A South African law-governed agreement for the private sale and purchase of a vehicle, detailing terms, conditions, and ownership transfer requirements.
find out more
Agreement Of Sale And Agreement For Sale
A South African law-governed agreement documenting the terms and conditions for the sale and transfer of property or goods between parties.
find out more
Generic Sales Agreement
A Maltese law-governed sales agreement template for documenting terms and conditions of goods sales transactions.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.