Purchase Agreement Amendment

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Purchase Agreement Amendment

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Last updated March 9th, 2023

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A purchase agreement amendment is a legal document that changes the terms and conditions of an existing purchase agreement. It becomes binding after the buyer and seller have signed and should be attached to the original agreement.

It can be used to change any portion of a purchase contract without the need to create a new agreement.

Use to Change the:

  • Purchase price
  • Buyer or seller’s name (assignment)
  • Financial contingency
  • Due diligence period
  • Closing date (expiration)

Sample

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PURCHASE AGREEMENT AMENDMENT

1. THE PARTIES. This Purchase Agreement Amendment (“Amendment”) made this [DATE], is by and between:

Seller: [SELLER’S NAME] (“Seller”) and

Buyer: [BUYER’S NAME] (“Buyer”).

The Landlord and Tenant are each referred to herein as a “Party” and, collectively, as the “Parties.”

2. EXISTING AGREEMENT. The Parties agree to amend a purchase agreement signed by both the Seller and Buyer on [DATE OF EXISTING AGREEMENT], for the property located at [PROPERTY ADDRESS] (“Existing Agreement”).

3. AMENDMENTS. The following terms of the Existing Agreement are amended as follows:

[INSERT THE AMENDMENTS]

All other portions of the terms and conditions of the Existing Agreement shall remain in full force and effect.

4. EXECUTION. This Amendment 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.

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.

Seller’s Signature: ___________________ Date: ___________
Print Name: ___________________

Buyer’s Signature: ___________________ Date: ___________
Print Name: ___________________