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Contract extension addendum template

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The document is an addendum to a sales contract that modifies the closing and possession dates for a property sale, while keeping all other terms of the original contract unchanged.

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What is an example of a contract extension?

The Parties hereby extend the Contract for a period of six (6) months, effective January 15, 2021, through July 14, 2021.

What is the most common addendum?

The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

What is a sample sentence for addendum?

an addendum to sth An addendum to the contract stated that the buyer would be responsible for all transportation costs.

What items can be mentioned in an addendum?

Items in the addendum could reflect a change in the agreed-upon price, what is included in the transfer of property, what improvements must be made before the home is paid for, or any other agreed-upon requests or responsibilities.

What is the addendum to a contract extension?

A contract addendum can be used to prolong the life of an existing agreement when both parties are content with it yet want to keep working together after its initial expiration date.

contract extension addendum example

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How to write an addendum to extend closing date?

The Closing Date agreed to under the Purchase Agreement shall be hereby extended to [MM/DD/YYYY]. 4. EXECUTION. This Addendum may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

How to write an addendum to a contract example?

For example, This Addendum amends the Agreement dated [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME]. Clear and specific language outlining the changes, clarifications, or additions being made. This should leave no ambiguity regarding how the original contract is being modified.

What is an example of an addendum to a contract?

Sample Addendum Templates Reference to Original Document: This addendum modifies the lease agreement dated March 1, 2022, between [Landlords Name] and [Tenants Name]. Specific Changes: The lease term is extended from February 28, 2023, to February 28, 2024. The monthly rent is increased from $1,500 to $1,600.

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