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The Real Estate Contract Extension Form is a crucial document in Australian property transactions when parties need to modify the timeframes specified in their original contract. This document becomes necessary when circumstances require an extension of the settlement date, finance approval period, or other critical deadlines. It's designed to comply with Australian property law requirements and includes essential details such as party information, original contract references, new deadlines, and any additional terms or consideration for the extension. The form is commonly used in both residential and commercial property transactions when unexpected delays occur, such as financing issues, settlement complications, or other circumstances that prevent meeting original contract deadlines. This document helps maintain legal clarity while protecting all parties' interests during the extended period.

1. Parties: Identification of all parties to the original contract, including their full legal names and addresses

2. Background: Reference to the original contract, including its date and subject property details

3. Definitions: Key terms used in the extension form, particularly referencing defined terms from the original contract

4. Extension Details: Specific details of the extension, including the new completion date and any deadline extensions

5. Confirmation of Original Terms: Statement confirming that all other terms and conditions of the original contract remain in full force and effect

6. Execution: Formal signing section including date and witness requirements