Call us at 281.807.9200


 
map view    print view

Contract Amendment


What is a Contract Amendment?

Many circumstances may arise after the seller and the buyer have signed an earnest money which may impact the transaction.  If both the seller and the buyer desire to amend the terms of their original contract, they may modify their agreement by signing a new document which modifies the terms of their original agreement in some respect.

When do I need to discuss a Contract Amendment?

For a variety of reasons, the parties may desire to change the following contract terms: the sales price; repairs required of the seller discovered after an inspection; the closing date; a change in the settlement expenses assumed by the seller; and the payment of an option fee to extend the right to terminate the contract.  A contract amendment may change any term in the agreement between the parties as long as both the seller and the buyer execute the new document clearly identifying the approved revision.  However, no one is obligated to change a contract.  If one side doesn’t agree to a proposed change, the original contract terms remain intact and unmodified.                

I regularly assist clients in drafting, reviewing, interpreting, modifying, and negotiating contract amendments.

Ask A Quick Question
Name:
Phone:
Email:
Your Questions/Comments:
 

Develop the right plan for yourself and your family. more ›
Who helps you when you purchase or mortgage a property? more ›
Matters of Faith
Matters of Faith
Why include in a website any material which might alienate or offend any prospective clients, period? Why take a risk, what is there to gain? And why ... read more
 

Lawyer Houston Texas  About Thomas S. Rose  Services  Contact  Website Terms of Use Agreement 

Thomas S. Rose, Attorney | 12345 Jones Road, Suite 275 | Houston, Texas 77070| Phone 281.807.9200.

© 2022 Thomas S. Rose, Attorney | Site Ensemble CMS Copyright © 2022 Paradigm New Media, LLC. All rights reserved. | Admin | Site by Paradigm

providing counsel, guidance and solutions in business matters, commercial and residential real estate transactions, wills and estate planning, and probate matters