Kings New York Acuerdo de Prórroga o Modificación del Contrato de Compraventa de Bienes Inmuebles - Agreement to Extend or Amend Contract for the Sale and Purchase of Real Estate

• Category: Bienes Raíces - Contratos - Modificaciones
• State: Multi-State
• County: Kings
• Control #: US-00472G
• Format: Word

Description

Acuerdo para modificar contrato o ampliar plazos. The Kings New York Agreement to Extend or Amend Contract for the Sale and Purchase of Real Estate is a legal document that allows parties involved in a real estate transaction to extend or modify the terms of their existing contract. This agreement is commonly used in the state of New York, specifically in Kings County. When parties involved in a property sale or purchase need more time to complete certain obligations or negotiate new terms, they can use this agreement to formalize the extension or amendment process. It offers a structured framework for parties to outline their revised terms and conditions, ensuring clarity and reducing the likelihood of disputes. Some key elements covered in a Kings New York Agreement to Extend or Amend Contract for the Sale and Purchase of Real Estate include: 1. Parties' Information: The agreement starts by identifying the buyer(s), seller(s), and their relevant contact details. 2. Property Description: This section contains a detailed description of the real estate being sold or purchased, including the address, legal description, and any relevant property identification numbers. 3. Original Contract Details: The agreement refers to the existing contract, specifying its execution date, parties involved, and any other essential information. 4. Extension or Amendment Details: Parties can outline the specific modifications they wish to make to the original contract. This may include extending the closing date, altering the purchase price, modifying contingencies, addressing repairs, or any other changes required. 5. Consideration: This section addresses the consideration exchanged between the parties as part of the extension or amendment. It may involve additional payments or adjustments to existing deposits. 6. Signatures and Dates: The agreement concludes with spaces for all parties to sign, indicating their acceptance of the new terms. Dates of execution are also recorded to establish the binding nature of the contract. It's important to note that while the above description covers the general structure of a Kings New York Agreement to Extend or Amend Contract for the Sale and Purchase of Real Estate, there may be alternative variations or additional types specific to certain circumstances or requirements. Therefore, it's recommended to consult with a qualified real estate attorney or professional to ensure proper utilization of this agreement in a particular situation.

The Kings New York Agreement to Extend or Amend Contract for the Sale and Purchase of Real Estate is a legal document that allows parties involved in a real estate transaction to extend or modify the terms of their existing contract. This agreement is commonly used in the state of New York, specifically in Kings County. When parties involved in a property sale or purchase need more time to complete certain obligations or negotiate new terms, they can use this agreement to formalize the extension or amendment process. It offers a structured framework for parties to outline their revised terms and conditions, ensuring clarity and reducing the likelihood of disputes. Some key elements covered in a Kings New York Agreement to Extend or Amend Contract for the Sale and Purchase of Real Estate include: 1. Parties' Information: The agreement starts by identifying the buyer(s), seller(s), and their relevant contact details. 2. Property Description: This section contains a detailed description of the real estate being sold or purchased, including the address, legal description, and any relevant property identification numbers. 3. Original Contract Details: The agreement refers to the existing contract, specifying its execution date, parties involved, and any other essential information. 4. Extension or Amendment Details: Parties can outline the specific modifications they wish to make to the original contract. This may include extending the closing date, altering the purchase price, modifying contingencies, addressing repairs, or any other changes required. 5. Consideration: This section addresses the consideration exchanged between the parties as part of the extension or amendment. It may involve additional payments or adjustments to existing deposits. 6. Signatures and Dates: The agreement concludes with spaces for all parties to sign, indicating their acceptance of the new terms. Dates of execution are also recorded to establish the binding nature of the contract. It's important to note that while the above description covers the general structure of a Kings New York Agreement to Extend or Amend Contract for the Sale and Purchase of Real Estate, there may be alternative variations or additional types specific to certain circumstances or requirements. Therefore, it's recommended to consult with a qualified real estate attorney or professional to ensure proper utilization of this agreement in a particular situation.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.