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Listing Contract Addendum
"I need a Listing Contract Addendum to extend the listing period of my Toronto commercial property for an additional 6 months from January 15, 2025, and increase the listing price by 5% to reflect recent market changes."
1. Parties: Identification of the seller/property owner and the real estate brokerage/agent, matching the parties in the original listing agreement
2. Background: Reference to the original listing agreement including its date and any previous addenda, establishing the context for this modification
3. Definitions: Key terms used in the addendum, particularly any new terms not defined in the original agreement
4. Purpose of Modification: Clear statement of the reason for the addendum and what aspects of the original agreement are being modified
5. Modifications: Specific changes being made to the original agreement, clearly identifying the sections being modified and the new terms
6. Effect on Original Agreement: Statement confirming that all other terms of the original listing agreement remain in full force and effect
7. Acknowledgment and Execution: Formal acknowledgment of the changes and signature block for all parties
1. Commission Adjustment: Used when the addendum modifies the original commission structure or payment terms
2. Property Description Amendment: Include when modifying any details about the property being listed
3. Term Extension: Used when changing the duration of the original listing agreement
4. Price Modification: Include when adjusting the listing price of the property
5. Marketing Terms: Used when modifying the agreed-upon marketing strategy or services
6. Special Conditions: Include when adding new conditions or requirements not covered in the original agreement
1. Schedule A - Modified Property Details: Detailed description of any changes to property information or specifications
2. Schedule B - Revised Commission Structure: Detailed breakdown of any changes to commission rates or payment terms
3. Schedule C - Updated Marketing Plan: Revised marketing strategy and services to be provided
4. Appendix 1 - Supporting Documentation: Any relevant supporting documents referenced in the addendum
5. Appendix 2 - Regulatory Compliance Forms: Any required regulatory or compliance forms related to the modifications
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Property Management
Real Estate Investment
Professional Services
Legal Services
Legal
Real Estate
Compliance
Business Development
Property Management
Contract Administration
Risk Management
Operations
Real Estate Agent
Real Estate Broker
Property Manager
Real Estate Attorney
Legal Counsel
Contract Administrator
Real Estate Transaction Coordinator
Compliance Officer
Real Estate Manager
Business Development Manager
Real Estate Partner
Property Administrator
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