An Addendum To Deed of Sale is utilized when parties need to modify terms of an existing sale agreement without creating an entirely new deed. Common in Singapore's property and commercial transactions, this document typically addresses changes in price, payment terms, delivery conditions, or property specifications. It must conform to Singapore's strict requirements for deed execution and may require registration with relevant authorities. The addendum ensures continuity of the original transaction while incorporating necessary modifications, making it essential for maintaining legal clarity and protecting parties' interests.
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Key Requirements PROMPT example:
Addendum To Deed Of Sale
"I need an Addendum to Deed of Sale to modify the payment schedule and increase the purchase price by 15% for our commercial property transaction in Singapore, with the changes to take effect from March 1, 2025."
1. Parties: Details of the original parties to the Deed of Sale and any new parties
2. Background: Reference to original Deed of Sale and reason for addendum
3. Definitions: Key terms used in the addendum, including reference to original definitions
4. Amendments: Specific changes being made to the original deed
5. Confirmation: Confirmation that all other terms remain unchanged
6. Execution: Signature blocks and attestation requirements
1. Additional Terms: New terms being added to the original deed - use when introducing new provisions not covered in original deed
2. Consideration: Details of any additional payment or consideration - use when the amendment involves price changes or additional payments
3. Conditions Precedent: New conditions that must be met - use when adding new requirements before amendments take effect
1. Schedule of Amendments: Detailed list of specific amendments to original deed
2. Modified Plans or Drawings: Updated plans if property boundaries or specifications change
3. Payment Schedule: Updated payment terms if consideration is modified
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