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Amendment To Agreement Of Purchase And Sale
"I need an Amendment to Agreement of Purchase and Sale to modify the purchase price from R2.5 million to R2.8 million for a commercial property in Cape Town, with the amendment to take effect from March 15, 2025."
1. Parties: Full legal names and details of all parties to the amendment agreement
2. Background: References to the original agreement, including its date and parties, and brief context for the amendment
3. Definitions: Definitions of terms used in the amendment, including references to definitions in the original agreement
4. Amendment Effective Date: The date when the amendments take effect
5. Amendments: Detailed description of each modification to the original agreement, with specific reference to clause numbers being amended
6. Confirmation of Other Terms: Confirmation that all other terms of the original agreement remain unchanged and in full force and effect
7. Entire Agreement: Statement that this amendment and the original agreement constitute the entire agreement between the parties
8. Counterparts: Provision allowing the amendment to be signed in counterparts
9. Governing Law: Confirmation that South African law governs the amendment
10. Signatures: Execution block for all parties to sign
1. Purchase Price Adjustment: Include when the amendment modifies the original purchase price
2. Payment Terms Modification: Include when changing payment schedule or terms
3. Transfer Date Amendment: Include when modifying the transfer or possession date
4. Conditions Precedent: Include when adding or modifying conditions that must be met before the amendment takes effect
5. Property Description Update: Include when there are changes to the property description or included items
6. Broker/Agent Provisions: Include when changes affect broker or agent arrangements
7. Tax Implications: Include when amendments have specific tax consequences that need to be addressed
1. Schedule A - Original Agreement: Copy of the original Agreement of Purchase and Sale being amended
2. Schedule B - Amended Property Details: Updated property description or specifications if changed
3. Schedule C - Revised Payment Schedule: New payment terms or schedule if modified
4. Schedule D - Additional Documents: Any supporting documents related to the amendments
5. Appendix 1 - Compliance Certificates: Updated or additional compliance certificates if required
6. Appendix 2 - Property Plans: Modified property plans or drawings if relevant to the amendment
Authors
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Property Management
Residential Property
Commercial Property
Agricultural Property
Industrial Property
Legal
Real Estate
Compliance
Property Management
Sales
Contract Administration
Finance
Risk Management
Operations
Business Development
Property Lawyer
Real Estate Agent
Property Developer
Conveyancing Attorney
Legal Counsel
Property Manager
Contract Manager
Compliance Officer
Real Estate Broker
Transaction Coordinator
Property Acquisition Manager
Sales Director
Legal Director
Financial Manager
Real Estate Investment Manager
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