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Amendment To Real Estate Contract

Amendment To Real Estate Contract Template for United States

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Key Requirements PROMPT example:

Amendment To Real Estate Contract

"I need an Amendment To Real Estate Contract to extend the closing date of our property purchase from March 15, 2025, to April 30, 2025, due to pending mortgage approval, and also need to include additional contingencies related to property repairs identified during inspection."

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Document background
An Amendment To Real Estate Contract is essential when parties need to modify terms of an existing real estate agreement without voiding the entire contract. This document is commonly used in the United States when circumstances require changes to closing dates, purchase prices, property descriptions, or other material terms. The amendment must comply with both federal regulations and state-specific real estate laws, requiring proper execution by all original parties. It serves as a formal record of modifications while preserving the validity of unaltered terms in the original contract.
Suggested Sections

1. Parties: Identification of all parties to the original contract and amendment

2. Background: Reference to original contract including date, parties, and property description

3. Definitions: Key terms used in the amendment

4. Amendment Details: Specific changes being made to the original contract

5. Ratification: Statement that all other terms of original contract remain in effect

6. Execution: Signature blocks and date of amendment

Optional Sections

1. Consideration: Section detailing any new consideration being exchanged between the parties

2. Time Extension: Section specifying modified timelines or deadlines in the original contract

3. Price Adjustment: Section detailing modified purchase price terms or payment conditions

4. Contingencies: Section specifying modified or new contingencies to the original contract

Suggested Schedules

1. Schedule A: Updated property description and details

2. Schedule B: Modified payment terms and schedule

3. Schedule C: Updated closing requirements and conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºìÐÓÖ±²¥ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Clauses

























Industries

Interstate Land Sales Full Disclosure Act: Federal law requiring full disclosure in real estate transactions involving interstate commerce

Truth in Lending Act: Federal law requiring disclosure of credit terms in financing arrangements for real estate transactions

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on protected characteristics

Real Estate Settlement Procedures Act: Federal law governing real estate settlement processes and associated disclosures

State Real Estate Laws: Specific laws varying by state that govern real estate transactions and amendments within that jurisdiction

Statute of Frauds: State law requiring real estate contracts and amendments to be in writing to be legally enforceable

State Recording Acts: State-specific requirements for recording real estate documents and amendments in public records

State Disclosure Requirements: State-mandated disclosures that must be made in real estate transactions and amendments

Amendment Formation Requirements: Legal requirements including original contract reference, written form, all parties' signatures, and consideration

Local Zoning Laws: Municipal or county regulations affecting property use and development

Property Covenants: Specific restrictions or requirements attached to the property that must be considered in amendments

Title Requirements: Legal requirements ensuring clear title and proper recording of property ownership changes

Real Estate Licensing Laws: State-specific requirements governing real estate professionals involved in the transaction

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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