The Addendum To Deed Of Sale is a crucial document in Philippine property transactions when parties need to modify terms of an existing sale agreement without creating an entirely new deed. It is commonly used when circumstances require amendments to the original terms, such as price adjustments, payment terms modifications, property description corrections, or changes in conditions of sale. Operating under Philippine jurisdiction, this document must comply with the Civil Code of the Philippines, property registration laws, and local government requirements. The addendum becomes an integral part of the original deed and must be properly notarized and registered with relevant authorities, such as the Register of Deeds. It's particularly important in both commercial and residential property transactions where post-sale modifications are necessary.
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1. Parties: Identification of all parties to the original Deed of Sale and the addendum, including their complete legal names, addresses, and civil status as required under Philippine law
2. Background: Reference to the original Deed of Sale including its execution date, details of the property, and brief context for the modification
3. Definitions: Key terms used in the addendum, especially those that differ from or add to the original deed's definitions
4. Amendments: Detailed description of specific modifications to the original deed, clearly stating which provisions are being amended, added, or deleted
5. Effect on Original Agreement: Statement confirming that all other provisions of the original deed remain in full force and effect
6. Governing Law: Confirmation that the addendum is governed by Philippine law and subject to Philippine courts' jurisdiction
7. Execution: Formal closing section with signature blocks for all parties and witnesses as required under Philippine law
1. Consideration: Include when the modification involves additional payment or change in consideration
2. Tax Provisions: Include when the modifications affect the tax implications of the original sale
3. Registration Requirements: Include when specific steps for registering the addendum with property registries or local authorities are needed
4. Conditions Precedent: Include when the modifications are subject to certain conditions being met before taking effect
5. Representations and Warranties: Include when new or modified representations are needed regarding the property or parties' status
1. Original Deed of Sale: Certified true copy of the original deed being modified
2. Modified Property Details: If the modification involves changes to property descriptions or boundaries
3. Payment Schedule: If the modification involves changes to payment terms or amounts
4. Authority Documents: Copies of board resolutions, powers of attorney, or other authority documents if parties are corporations or acting through representatives
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