The Addendum Deed of Sale is utilized when parties need to modify terms of an existing Sale Deed without drafting an entirely new agreement. This document type is essential in Indian property transactions where circumstances necessitate changes to the original sale terms, such as price adjustments, property boundary modifications, or timeline extensions. The addendum must be drafted in accordance with Indian contract and property laws, including the Transfer of Property Act and Registration Act, and requires proper stamping and registration like the original deed. It's particularly crucial in situations where substantial modifications are needed but where the fundamental nature of the transaction remains unchanged. The document serves as a bridge between the original agreement and the new terms, ensuring legal continuity while implementing necessary changes.
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1. Parties: Details of the original seller and purchaser as named in the principal Sale Deed
2. Background: Reference to the original Sale Deed including its date and registration details, and brief context for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions in the original Sale Deed
4. Reference to Original Deed: Specific clause confirming the addendum's relationship to the original Sale Deed
5. Amendments/Modifications: Clear articulation of the specific changes being made to the original Sale Deed
6. Effect of Addendum: Statement clarifying that all other terms of the original Sale Deed remain unchanged
7. Governing Law: Confirmation that the addendum is governed by Indian law, matching the original deed
8. Execution: Signature blocks for all parties and witnesses
1. Additional Consideration: Include when the addendum involves changes to the original purchase price or payment terms
2. Property Description Updates: Required if there are any modifications to the property description or boundaries
3. Time Extension: Include when modifying original completion dates or deadlines
4. Additional Representations: Include when new warranties or representations are being added
5. Compliance Declarations: Include when specific regulatory compliance needs to be addressed
6. Third Party Consents: Required when the modification needs approval from lenders, authorities, or other third parties
1. Schedule A - Original Deed Reference: Copy or extract of relevant portions of the original Sale Deed being modified
2. Schedule B - Modified Terms: Detailed list of specific modifications with before and after comparisons
3. Schedule C - Updated Property Details: If applicable, revised property descriptions, measurements, or boundaries
4. Schedule D - Payment Schedule: If applicable, modified payment terms or additional consideration details
5. Appendix 1 - Supporting Documents: Any new certificates, permissions, or documents relevant to the modifications
6. Appendix 2 - Regulatory Approvals: Copies of any required new regulatory or statutory approvals
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