The Addendum Deed of Sale is utilized in Pakistan when parties need to modify terms of an existing property sale agreement without creating an entirely new deed. This document type is essential when circumstances require amendments to the original sale terms, such as price adjustments, payment schedule modifications, or corrections to property descriptions. The addendum must comply with Pakistani property law, including the Transfer of Property Act 1882 and Registration Act 1908, and requires proper registration and stamp duty payment. It's commonly used in both residential and commercial property transactions, ensuring that changes to the original agreement are legally documented and enforceable. The document serves as a crucial tool for property transactions where the original deed of sale requires modification while maintaining the fundamental agreement between parties.
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1. Parties: Identification of all parties to the original deed and the addendum, including their full legal names, addresses, and capacity
2. Background: Reference to the original deed of sale, its date, registration details, and brief context for the addendum
3. Definitions: Key terms used in the addendum, including references to defined terms in the original deed
4. Purpose of Addendum: Clear statement of the purpose and scope of modifications being made to the original deed
5. Amendments: Specific modifications to the original deed, clearly stating what is being changed, added, or removed
6. Effect on Original Agreement: Statement confirming that all other terms of the original deed remain in full force and effect
7. Governing Law: Confirmation that the addendum is governed by Pakistani law
8. Registration and Stamp Duty: Provisions regarding registration requirements and applicable stamp duty
9. Execution: Signature blocks, witness requirements, and execution formalities
1. Additional Consideration: Required if the modifications involve changes to the original purchase price or additional payments
2. Property Description Updates: Needed if there are any changes or corrections to the property description
3. Time Extension: Include if the addendum modifies any timeframes or deadlines in the original deed
4. Third Party Consents: Required if any third party approvals are needed for the modifications
5. Tax Implications: Include if the modifications have specific tax consequences that need to be addressed
6. Force Majeure: Add if new circumstances or events need to be accounted for in the force majeure provisions
1. Schedule A - Original Deed: Copy or extract of the original deed of sale being modified
2. Schedule B - Modified Terms: Detailed listing of all modifications in tabular format showing original and revised terms
3. Schedule C - Updated Property Details: If applicable, revised or corrected property descriptions, measurements, or boundaries
4. Schedule D - Payment Schedule: If applicable, modified payment terms or additional consideration details
5. Schedule E - Supporting Documents: Copies of relevant permits, approvals, or third-party consents
6. Appendix 1 - Documentation Checklist: List of all required documents for registration and legal compliance
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