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Real Estate Contract Addendum
"I need a Real Estate Contract Addendum to modify the completion date of our property purchase from March 15, 2025, to June 30, 2025, due to construction delays, and to document the agreed compensation of $5,000 for the delay."
1. Parties: Identification of all parties involved in the original contract and addendum
2. Background: Reference to original contract and reason for addendum
3. Definitions: Key terms used in the addendum
4. Modifications: Specific changes to the original contract
5. Effect on Original Agreement: Statement on how original contract terms remain in effect
6. Execution: Signature blocks and execution requirements
1. Additional Terms: New terms not covered in original contract - use when introducing completely new provisions
2. Price Adjustments: Changes to original pricing terms - use when modifying purchase price or payment terms
3. Timeline Modifications: Changes to dates or deadlines - use when altering completion or possession dates
4. Property Modifications: Changes to property specifications - use when altering property details or included items
1. Schedule A - Modified Property Details: Updated property specifications or boundaries
2. Schedule B - Revised Payment Schedule: Modified payment terms and dates
3. Appendix 1 - Updated Floor Plans: New or modified floor plans if applicable
4. Appendix 2 - Regulatory Approvals: Copies of relevant authority approvals for modifications
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