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Amendment To Contract For Sale Of (Real Estate)

Amendment To Contract For Sale Of (Real Estate) Template for Philippines

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Key Requirements PROMPT example:

Amendment To Contract For Sale Of (Real Estate)

"I need an Amendment to Contract for Sale of Real Estate to modify the closing date of our property purchase from March 15, 2025, to June 30, 2025, due to financing delays, and to adjust the payment schedule accordingly."

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Document background
The Amendment To Contract For Sale Of (Real Estate) is a crucial document used in Philippine real estate transactions when parties need to modify terms of their original sale agreement without creating an entirely new contract. This document becomes necessary when circumstances require changes to the original terms, such as adjusting the purchase price, modifying payment schedules, extending closing dates, or revising property specifications. It must comply with Philippine Civil Code requirements, including proper execution before a notary public and registration with appropriate government agencies when required. The amendment is particularly important in protecting both parties' interests while ensuring the modified agreement remains legally enforceable under Philippine law. It's commonly used in both residential and commercial real estate transactions and must be carefully drafted to maintain consistency with local property laws and regulations.
Suggested Sections

1. Parties: Full legal names and addresses of all parties to the original contract, maintaining the same order as in the original agreement

2. Background: Reference to the original Contract of Sale including its execution date, brief description of the property, and reason for the amendment

3. Definitions: Key terms used in the amendment, including reference to definitions from the original contract that remain applicable

4. Original Contract Reference: Specific identification of clauses or provisions being amended, including their original numbering and content

5. Amendment Details: Clear statement of the specific modifications being made to the original contract, including any new or revised terms

6. Effect on Original Agreement: Statement confirming that all other provisions of the original contract remain in full force and effect

7. Governing Law: Confirmation that the amendment is governed by Philippine law and subject to the same jurisdiction as the original contract

8. Effectivity: The effective date of the amendments and any conditions precedent to their implementation

9. Execution: Signature blocks for all parties, including spaces for witnesses and notary public as required under Philippine law

Optional Sections

1. Recitals of Authority: Required when signatories are acting on behalf of corporations or legal entities, including board resolutions or powers of attorney

2. Tax Provisions: Include when the amendment affects the purchase price or payment terms, addressing relevant tax implications

3. Registration Requirements: Include when the amendment requires registration with the Registry of Deeds or other government agencies

4. Broker Provisions: Required if the amendment affects any broker commissions or involves new broker arrangements

5. Force Majeure Update: Include if the amendment is related to force majeure events or if updating force majeure provisions

6. Additional Warranties: Include when new warranties or representations are needed due to the nature of the amendment

Suggested Schedules

1. Schedule A - Original Contract: Copy of the original Contract of Sale being amended

2. Schedule B - Property Details: Updated property description if any changes to the property details are involved

3. Schedule C - Payment Schedule: Revised payment terms or schedule if the amendment involves changes to the financial terms

4. Schedule D - Corporate Authorizations: Copies of board resolutions, powers of attorney, or other authorization documents if applicable

5. Schedule E - Property Documents: Updated property documents if the amendment involves changes to boundaries, easements, or other property characteristics

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions






























Clauses




























Relevant Industries

Real Estate

Construction

Banking & Finance

Property Development

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Agriculture (for agricultural land)

Legal Services

Property Management

Relevant Teams

Legal

Real Estate Operations

Compliance

Property Management

Contract Administration

Corporate Secretarial

Risk Management

Business Development

Asset Management

Documentation

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Broker

Corporate Counsel

Legal Director

Compliance Officer

Real Estate Developer

Property Development Manager

Contract Administrator

Legal Associate

Conveyancing Lawyer

Real Estate Operations Manager

Transaction Manager

Chief Legal Officer

Real Estate Portfolio Manager

Industries







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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