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Deed Of Variation House Sale
"I need a Deed of Variation House Sale to extend the settlement date from March 15, 2025, to May 1, 2025, due to delays in obtaining mortgage approval, with all other terms of the original sale agreement remaining unchanged."
1. Parties: Identifies all parties to the deed, including the original vendor and purchaser
2. Background: Recitals explaining the original agreement, reason for variation, and intention of the parties
3. Definitions: Defines key terms used in the deed, including references to the original agreement
4. Interpretation: Sets out rules for interpreting the deed, including relationship with original agreement
5. Variation: Clearly specifies the exact changes being made to the original agreement
6. Confirmation: Confirms that all other terms of the original agreement remain unchanged
7. Costs: Specifies who bears the costs of preparing and executing the deed
8. Execution: Formal execution block for all parties to sign, with witness provisions
1. GST Provisions: Required when the variation affects the GST treatment or amount of the transaction
2. Settlement Adjustments: Needed when the variation affects settlement amounts or calculations
3. Conditions Precedent: Include when the variation is subject to certain conditions being met
4. Further Assurance: Optional clause requiring parties to do all things necessary to give effect to the variation
5. Time of the Essence: Include when strict compliance with timeframes is critical
6. Real Estate Agent Commission: Required if the variation affects any agent commission arrangements
1. Schedule 1 - Original Agreement: Copy or reference to the original sale and purchase agreement
2. Schedule 2 - Varied Terms: Detailed list of specific terms being varied, showing both original and new versions
3. Schedule 3 - Property Details: Updated property details if affected by the variation
4. Appendix A - Consent Documents: Any third-party consents required for the variation
5. Appendix B - Supporting Documents: Any relevant supporting documentation referenced in the variation
Authors
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Property Management
Professional Services
Legal
Real Estate
Property Management
Conveyancing
Compliance
Sales
Finance
Operations
Risk Management
Customer Service
Real Estate Agent
Property Lawyer
Conveyancing Lawyer
Legal Executive
Property Manager
Mortgage Broker
Bank Manager
Property Developer
Contract Administrator
Legal Counsel
Settlement Officer
Compliance Officer
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