The Amendment To Real Estate Contract is a crucial document used in Philippine real estate transactions when parties need to modify their existing agreement without creating an entirely new contract. This document type is commonly required when circumstances change after the original contract execution, such as adjustments to purchase price, payment terms, delivery dates, or property specifications. It must comply with the Civil Code of the Philippines and related real estate laws, requiring proper execution and notarization. The amendment should clearly reference the original contract, specify the exact modifications, and maintain the validity of unchanged terms. It may require registration with the Register of Deeds if the changes affect property title or registration details.
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1. Parties: Full legal names and addresses of all parties to the original contract who are participating in this amendment
2. Background: Reference to the original contract including its date and registration details, and brief explanation of why the amendment is needed
3. Definitions: Key terms used in the amendment, including reference to definitions from the original contract that remain applicable
4. Amendment Details: Specific modifications to the original contract, clearly stating which provisions are being changed, added, or deleted
5. Effect on Original Agreement: Statement confirming that all other terms of the original contract remain in full force and effect
6. Governing Law: Confirmation that the amendment is governed by Philippine law and subject to the same jurisdiction as the original contract
7. Execution: Signature blocks for all parties, including space for witnesses and notarization as required under Philippine law
1. Representations and Warranties: Additional confirmations by the parties regarding their authority to enter into the amendment and the continued accuracy of original representations
2. Conditions Precedent: Any conditions that must be satisfied before the amendment becomes effective
3. Registration Requirements: Specific provisions regarding the registration of the amendment with relevant authorities, if required
4. Tax Provisions: Additional provisions regarding tax implications of the amendments, if the changes affect the tax structure of the transaction
5. Broker Involvement: Details of any real estate broker involvement in the amendment process, if applicable
1. Schedule A - Modified Terms: Detailed listing of specific terms being modified, showing both original and amended versions
2. Schedule B - Updated Property Details: If the amendment involves changes to property details, updated description and technical information
3. Schedule C - Supporting Documents: Copies of relevant supporting documents such as board resolutions, powers of attorney, or government approvals
4. Appendix 1 - Marked-up Original Contract: Copy of the original contract with amendments clearly marked for reference purposes
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Banking and Finance
Legal Services
Construction
Agriculture (for agricultural land)
Manufacturing
Relevant Teams
Legal
Real Estate
Compliance
Operations
Facilities Management
Asset Management
Property Development
Contract Administration
Business Development
Risk Management
Relevant Roles
Real Estate Manager
Property Manager
Legal Counsel
Corporate Lawyer
Real Estate Broker
Property Developer
Compliance Officer
Contract Administrator
Real Estate Officer
Business Development Manager
Chief Legal Officer
Facilities Manager
Asset Manager
Real Estate Analyst
Operations Director
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