The Amendment To Contract (Real Estate) is a crucial legal instrument in Philippine property transactions used when parties need to modify an existing real estate agreement without creating an entirely new contract. This document is particularly relevant when circumstances require changes to original terms such as purchase price, payment schedules, property specifications, or closing dates. It must conform to Philippine property law requirements, including the Civil Code of the Philippines and the Property Registration Decree. The amendment should be notarized and may require registration with the Register of Deeds, especially for transactions involving registered land. This document type is commonly used in both residential and commercial real estate transactions and must include clear references to the original contract, specific details of the modifications, and confirmation of unchanged terms.
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1. Parties: Identification of all parties to the original contract and amendment, including their complete legal names, addresses, and capacities
2. Background: Reference to the original contract (including date, parties, and subject property), reason for amendment, and confirmation that parties wish to amend the original agreement
3. Definitions: Key terms used in the amendment, including reference to definitions in the original contract that remain applicable
4. Original Contract Reference: Specific details of the original contract including title, date, property details, and registration information if applicable
5. Amendment Details: Clear and specific description of each modification being made to the original contract, with reference to relevant clause numbers
6. Effective Date: Specification of when the amendments take effect
7. Confirmation of Other Terms: Statement confirming that all other terms of the original contract remain in full force and effect
8. Registration and Compliance: Requirements for registration of the amendment with relevant authorities (e.g., Register of Deeds)
9. Governing Law: Confirmation that the amendment is governed by Philippine law
10. Execution: Signature blocks for all parties, including spaces for witnesses and notarization
1. Recitals of Authority: Required when signatories are acting on behalf of corporations or other entities, detailing their authority to execute the amendment
2. Price Adjustment Provisions: Include when the amendment involves changes to the purchase price or payment terms
3. Property Description Update: Required if there are any changes to the property description or boundaries
4. Tax Provisions: Include when the amendment affects tax obligations or responsibilities
5. Consent of Mortgagee: Required if the property is mortgaged and the amendment requires mortgagee approval
6. Broker Provisions: Include if the amendment affects any broker relationships or commissions
7. Force Majeure Update: Include if the amendment is related to force majeure events or circumstances
1. Schedule A - Amended Property Details: Detailed description of the property if changes are being made to property boundaries, inclusions, or exclusions
2. Schedule B - Revised Payment Terms: Detailed breakdown of any modified payment schedules or terms
3. Schedule C - Supporting Documents: Copies of relevant certificates, permits, or other documents supporting the amendment
4. Schedule D - Consent Documents: Any required third-party consents or approvals
5. Appendix 1 - Original Contract: Copy of the original contract being amended
6. Appendix 2 - Property Documents: Updated technical descriptions, surveys, or plans if relevant to the amendment
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Commercial Property
Residential Property
Retail Property
Industrial Property
Agriculture (for agricultural land)
Hospitality
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Operations
Sales
Documentation
Contract Administration
Corporate Affairs
Risk Management
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Broker
Legal Counsel
Corporate Lawyer
Real Estate Developer
Contract Administrator
Property Officer
Compliance Officer
Real Estate Agent
Title Officer
Legal Manager
Real Estate Operations Manager
Documentation Specialist
Property Sales Manager
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