DEED OF VARIATION

DEED OF VARIATION

Did you know you could rewrite some terms of your already signed property Agreement without tearing up the whole deal? That is exactly what a Deed of Variation does for you.

A Deed of Variation is a legal document that allows parties to amend specific terms of an existing property or business Agreement/Contract without cancelling the entire document.

Instead of starting all over with the stress and cost of a fresh property or business Agreement, this document acts like a lawful “edit button,” amending what needs to change while leaving the rest untouched.

The content of a Deed of Variation includes the details of the original Agreement/Contract, the clauses being modified, the agreed changes and confirmation that every other part of the original document remains valid.

For example, in a lease, it could be used to extend or shorten the period, adjust rent, change duties or correct mistakes in the original document.

It saves time and money, avoids the risk of losing valuable terms already agreed upon since both the original document and the variation work hand-in-hand.

But a poorly drafted Deed of Variation can create contradictions, issues or even render both documents invalid.

That is why only an experienced Property Lawyer should prepare a Deed of Variation, because a change can either protect your interest or destroy it.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
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