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Addendum Deed Of Sale
"I need an Addendum Deed of Sale to modify the purchase price and payment terms for a commercial property transaction in Cape Town, where the parties have agreed to increase the purchase price by R2.5 million due to additional fixtures being included in the sale."
1. Parties: Full legal names and details of all parties to the original Deed of Sale, including their identity/registration numbers and physical addresses
2. Background: Reference to the original Deed of Sale including its date of signature, property description, and reason for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable
4. Amendment Details: Specific clauses being amended, showing both original and new wording, with clear reference to original clause numbers
5. Ratification: Confirmation that all other terms and conditions of the original agreement remain unchanged and in full force and effect
6. Effective Date: The date from which the amendments will take effect
7. Entire Agreement: Confirmation that this addendum forms part of the original agreement and must be read in conjunction with it
1. Additional Warranties: Used when the amendments require new warranties from either party
2. Conditions Precedent: Include when the amendments are subject to fulfillment of specific conditions
3. Price Adjustment: Required when the amendment involves changes to the purchase price or payment terms
4. Property Description Amendment: Used when there are changes to the property description or extent
5. Transfer Date Amendment: Include when modifying the intended transfer date or related conditions
6. Third Party Approvals: Required when amendments need approval from banks, trustees, or other third parties
1. Schedule A - Amended Clauses: Complete text of all amended clauses in their final form
2. Schedule B - Property Details: Updated property description and details (if applicable)
3. Schedule C - Payment Schedule: Revised payment terms or schedule (if applicable)
4. Appendix 1 - Supporting Documents: Any relevant supporting documents referenced in the addendum
5. Appendix 2 - Regulatory Approvals: Copies of any required regulatory or third-party approvals
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Commercial Property
Residential Property
Agricultural Property
Industrial Property
Legal
Compliance
Real Estate
Property Management
Sales
Risk Management
Contract Administration
Conveyancing
Property Development
Transaction Management
Property Lawyer
Conveyancing Attorney
Real Estate Agent
Property Developer
Legal Counsel
Compliance Officer
Property Manager
Sales Manager
Contract Administrator
Property Practitioner
Transaction Manager
Estate Agent
Property Broker
Legal Administrator
Risk Manager
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