How to do an Extension of Contract

If you would like to create an Extension of Contract in YachtCloser, we recommend you use the Amendment to Purchase and Sale Agreement document to satisfy this request.

To create an Amendment to Purchase and Sale Agreement, go to the Deal tab and open the specific deal you are working on by clicking the View button under the Actions column.

Go to the Terms page and click the Amendment button on the right side of the page.  Type the terms of the amendment or extension into the Amendment text box.  If wanting to do the Extension of Contract, you could write something like..."it is agreed by both parties that the Acceptance Date (or Closing Date) shall be extended to [month, day, time, etc]. Once finished click Save/Update.

Go to the Documents page, click on Add Documents and add the Amendment to Purchase and Sale Agreement document.  To preview, click on the View button, as displayed below.  When ready, send to both parties for signature.