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This is a standard form of amending agreement for use where a vendor and purchaser have agreed to modify the agreement of purchase and sale between them for a parcel of commercial real property by adding, changing, or removing sections.
Next the Ontario Real Estate Association decided to introduce the form 801 to make things easier for all agents. The form captures all the information from the offer, meaning less paperwork to store. This form is not mandatory, just a way to reduce paper.
These OREA Standard Forms and Clauses are for use by OREA members and certain licensees only. Any other use or reproduction is prohibited except with the prior written consent of OREA.
Always put a contract amendment in writing and make sure both parties sign and date it. Reference the title of the contract, if applicable; its original parties; and original signing date, so that it is clear what document you are amending. Attach the amendment to the original contract.
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