The Real Estate Addendum Form is a crucial document in Singapore's property transaction landscape, used when parties need to modify terms of an existing real estate agreement without creating an entirely new contract. It's commonly employed when circumstances change after the original agreement is signed, such as adjusting completion dates, purchase prices, or property specifications. The form must adhere to Singapore's strict property regulations and typically requires proper execution by all parties involved, often with legal supervision to ensure compliance with local property laws and CEA guidelines.
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1. Identification of Original Agreement: Details of the main agreement being modified, including date and parties
2. Parties: Full legal names and details of all parties involved
3. Purpose of Addendum: Clear statement of why the addendum is being created
4. Modifications: Specific changes being made to the original agreement
5. Effect on Original Agreement: Statement that all other terms remain unchanged
1. Additional Terms: New terms being added to the original agreement, used when introducing completely new provisions
2. Timeline Modifications: Changes to any dates or deadlines, used when modifying completion dates or other timeframes
3. Price Adjustments: Changes to financial terms, used when modifying purchase price or payment terms
1. Schedule of Modifications: Detailed list of all changes being made
2. Updated Floor Plans: If modifications involve physical changes to the property
3. Revised Payment Schedule: If payment terms are being modified
4. Regulatory Approvals: Copies of any required governmental or regulatory approvals
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