The Addendum to Deed of Sale is a crucial legal instrument in Nigerian property transactions that enables parties to modify an existing sale agreement without creating an entirely new deed. This document type is particularly useful when circumstances require amendments to the original terms, such as price adjustments, payment schedule modifications, or changes to property descriptions. Subject to Nigerian law, particularly the Land Use Act 1978 and relevant property legislation, the addendum must be properly executed, stamped, and registered with appropriate authorities. It's commonly used in both residential and commercial property transactions when parties need to formalize changes to their original agreement while maintaining legal continuity and compliance with local regulations. The document serves as a bridge between the original deed and the new terms, ensuring all modifications are legally binding and properly documented.
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1. Parties: Full identification of all parties to the original Deed of Sale, maintaining the same names and designations as in the original deed
2. Background: References to the original Deed of Sale including its date of execution, registration details, and brief context for the modification
3. Definitions: Key terms used in the addendum, incorporating definitions from the original deed and any new terms introduced
4. Reference to Original Agreement: Specific clause confirming the existence and validity of the original deed and parties' continued intention to be bound by it except as modified
5. Purpose of Addendum: Clear statement of the reason for the addendum and its intended effect
6. Modifications: Detailed description of each modification to the original deed, with specific reference to affected clauses or terms
7. Ratification: Confirmation that all other terms and conditions of the original deed remain unchanged and in full force and effect
8. Effective Date: Specification of when the modifications take effect
9. Governing Law: Confirmation that the addendum is governed by Nigerian law, consistent with the original deed
10. Execution: Signature blocks for all parties, witnesses, and any required notarization
1. Additional Consideration: Required when the modification involves additional payment or consideration between the parties
2. Conditions Precedent: Used when the modifications are subject to certain conditions being met before taking effect
3. Representations and Warranties: Included when new representations or warranties are necessary for the modifications
4. Consent of Third Parties: Required when the modification needs approval from mortgagees, trustees, or other stakeholders
5. Registration Requirements: Included when specific registration or filing requirements apply to the modifications
6. Dispute Resolution: Added when modifications to the original dispute resolution process are needed
1. Schedule A - Modified Terms: Detailed listing of specific terms being modified, showing both original and new language
2. Schedule B - Property Description: If the modification affects the property description, full updated property details are included here
3. Schedule C - Payment Schedule: If the modification involves changes to payment terms, new payment schedule is detailed here
4. Appendix 1 - Supporting Documents: Copies of relevant supporting documents such as surveys, approvals, or certificates
5. Appendix 2 - Consent Documents: Copies of third-party consents or approvals where required
Relevant legal definitions
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Real Estate
Construction
Property Development
Banking and Finance
Agriculture (for farmland)
Industrial
Commercial Property
Residential Property
Mining and Resources
Hospitality
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Real Estate
Property Management
Compliance
Corporate Affairs
Land Administration
Business Development
Commercial Operations
Risk Management
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Property Manager
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