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Real Estate Addendum Form

Real Estate Addendum Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Real Estate Addendum Form

"I need a Real Estate Addendum Form to modify the completion date of a commercial property development project in Riyadh from March 2025 to September 2025, while also updating the payment milestone schedule to reflect this change."

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Document background
The Real Estate Addendum Form serves as a crucial legal instrument in Saudi Arabia's property market, designed to modify or supplement existing real estate agreements when circumstances require changes to the original terms. This document type is particularly important in the Saudi Arabian context, where real estate transactions must comply with both civil law requirements and Sharia principles. The form is commonly used when parties need to adjust terms such as property specifications, payment schedules, completion dates, or add new conditions to their original agreement. It must adhere to regulations set by the Real Estate General Authority (REGA) and the Ministry of Justice, while also maintaining compliance with Islamic finance principles. The addendum becomes an integral part of the original agreement, carrying the same legal weight and enforcement mechanisms under Saudi Arabian law.
Suggested Sections

1. Parties: Identification of all parties involved in the original agreement and the addendum

2. Background: Reference to the original agreement, including its date and purpose, and the reason for this addendum

3. Definitions: Key terms used in the addendum, especially new terms not defined in the original agreement

4. Reference to Original Agreement: Specific clauses or sections of the original agreement being modified or supplemented

5. Modifications: Detailed description of changes or additions to the original agreement

6. Effect on Original Agreement: Statement clarifying which original terms remain in force and which are superseded

7. Compliance with Sharia: Declaration of compliance with Islamic law principles

8. Governing Law and Jurisdiction: Confirmation of Saudi Arabian law application and jurisdiction

9. Execution: Signature requirements and execution procedures

Optional Sections

1. Property Specifications Update: Used when modifying details about the property specifications or boundaries

2. Price Adjustment: Include when the addendum involves changes to the original price or payment terms

3. Timeline Modifications: When changing project completion dates or payment schedules

4. Additional Parties: Used when new parties are being added to the original agreement

5. Special Conditions: For unique requirements or conditions specific to the modification

6. Force Majeure Update: When adding or modifying force majeure provisions

7. REGA Compliance: Special section for compliance with new Real Estate General Authority regulations

Suggested Schedules

1. Schedule A - Modified Property Details: Updated property specifications, boundaries, or features

2. Schedule B - Revised Payment Schedule: Modified payment terms or schedules

3. Schedule C - Updated Timeline: Revised project milestones or completion dates

4. Schedule D - New Technical Specifications: Any modified technical requirements or standards

5. Appendix 1 - Required Permits: Copies of new or updated permits and approvals

6. Appendix 2 - Property Documents: Updated property documentation or certificates

7. Appendix 3 - Regulatory Compliance: Documentation showing compliance with updated regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses






























Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Banking and Finance

Property Management

Commercial Property

Residential Property

Industrial Property

Retail Property

Real Estate Investment

Islamic Finance

Relevant Teams

Legal

Real Estate Operations

Property Management

Compliance

Contract Administration

Property Development

Asset Management

Investment

Risk Management

Document Control

Real Estate Advisory

Islamic Finance

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Contract Manager

Property Manager

Real Estate Broker

Compliance Officer

Real Estate Investment Manager

Real Estate Attorney

Property Acquisition Manager

Development Director

Real Estate Operations Manager

Islamic Finance Specialist

Property Rights Specialist

Real Estate Transaction Coordinator

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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