ºÚÁÏÊÓÆµ

Addendum To Mortgage Contract Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Addendum To Mortgage Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Addendum To Mortgage Contract

"I need an Addendum to Mortgage Contract to modify the interest rate from variable to fixed at 5.2% and adjust the payment schedule from monthly to bi-weekly payments, effective March 1, 2025, for a residential property mortgage with Toronto-Dominion Bank."

Document background
An Addendum To Mortgage Contract is a critical legal document used when parties need to modify specific terms of an existing mortgage agreement without creating an entirely new mortgage contract. This document type is commonly used in Canadian residential and commercial real estate transactions when circumstances require adjustments to original mortgage terms, such as interest rate modifications, payment restructuring, or security amendments. It must comply with Canadian federal banking regulations and provincial property laws, requiring proper execution and registration with relevant land registry offices. The addendum clearly identifies the original mortgage agreement, specifies which terms are being modified, and confirms which original terms remain unchanged, ensuring legal continuity and enforceability of the mortgage contract.
Suggested Sections

1. Parties: Identification of all parties to the addendum, including the original mortgagor and mortgagee

2. Background: Reference to the original mortgage agreement, including date, registration details, and property description

3. Definitions: Key terms used in the addendum, including references to defined terms from the original mortgage

4. Purpose of Addendum: Clear statement of the reason for the modification and its scope

5. Original Terms Reference: Identification of specific sections of the original mortgage being modified

6. Modifications: Detailed description of each change being made to the original mortgage terms

7. Effective Date: When the modifications take effect

8. Confirmation of Other Terms: Statement that all other terms of the original mortgage remain unchanged

9. Governing Law: Confirmation that the addendum is governed by the same jurisdiction as the original mortgage

10. Execution: Signature blocks for all parties and witness requirements

Optional Sections

1. Interest Rate Modification: Used when the addendum changes the interest rate structure or terms

2. Payment Schedule Changes: Used when modifying payment amounts, frequency, or amortization period

3. Security Amendment: Used when changing or adding to the security provided under the mortgage

4. Property Description Update: Used when there are changes to the mortgaged property description

5. Insurance Requirements: Used when modifying insurance obligations

6. Assignment Provisions: Used when addressing new assignment rights or restrictions

7. Default Provisions: Used when modifying events of default or remedies

8. Prepayment Terms: Used when changing prepayment privileges or penalties

Suggested Schedules

1. Schedule A - Modified Payment Schedule: Detailed breakdown of new payment terms, amounts, and dates

2. Schedule B - Interest Rate Calculation: Details of new interest rate calculations and examples

3. Schedule C - Property Description: Updated legal description of the mortgaged property if changed

4. Schedule D - Additional Security: Description of any additional security being added

5. Appendix 1 - Original Mortgage: Copy of the original mortgage agreement for reference

6. Appendix 2 - Supporting Documents: Any supporting documentation required for the modifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses


























Relevant Industries

Banking & Financial Services

Real Estate

Legal Services

Property Development

Construction

Property Management

Mortgage Lending

Commercial Real Estate

Residential Real Estate

Relevant Teams

Legal

Mortgage Administration

Risk Management

Compliance

Real Estate Operations

Credit Assessment

Document Processing

Property Services

Financial Operations

Customer Relations

Relevant Roles

Mortgage Officer

Loan Officer

Real Estate Lawyer

Property Manager

Financial Advisor

Bank Manager

Mortgage Underwriter

Legal Counsel

Compliance Officer

Real Estate Agent

Title Officer

Credit Risk Manager

Banking Operations Manager

Real Estate Portfolio Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Name Change Addendum (Real Estate)

A Canadian legal document that amends existing real estate agreements to reflect the legal name change of one or more parties while maintaining all other original contract terms.

find out more

Professional Addendum

A Canadian law-compliant addendum for modifying existing professional service arrangements and their associated terms and conditions.

find out more

Early Termination Of Lease Addendum

A Canadian legal addendum that modifies an existing lease agreement to allow for early termination, outlining terms and conditions for both parties.

find out more

Project Addendum

A Canadian-compliant legal document that modifies or extends an existing project agreement to accommodate changes in scope, timeline, or deliverables.

find out more

Addendum To Remove Buyer From Contract

A Canadian legal document that formally removes one buyer from an existing contract while maintaining its validity for remaining parties.

find out more

Construction Contract Addendum

A Canadian legal document that modifies an existing construction contract, addressing changes in scope, timeline, or terms while ensuring compliance with federal and provincial construction laws.

find out more

Employment Contract Amendment

A Canadian legal document that modifies specific terms of an existing employment agreement while maintaining other original contract provisions.

find out more

Contract Addendum

A Canadian law-governed document that modifies an existing contract while maintaining other original terms intact.

find out more

Addendum For Extension Of Agreement

A Canadian legal document that extends the term of an existing agreement while preserving its original terms and conditions.

find out more

Addendum Letter

A Canadian-law governed letter document that formally modifies an existing agreement while maintaining its original terms and conditions.

find out more

Residential Tenancy Agreement Addendum

A Canadian jurisdiction addendum document that modifies an existing residential lease agreement to accommodate changes in tenancy terms or conditions.

find out more

Addendum In Real Estate Contract

A Canadian legal document that modifies an existing real estate purchase agreement while maintaining compliance with federal and provincial real estate laws.

find out more

Swimming Pool Addendum To Lease

A Canadian lease addendum that governs swimming pool usage, maintenance, and safety requirements in residential rental properties.

find out more

Short Term Lease Addendum

A Canadian legal document that temporarily modifies specific terms of an existing lease agreement while maintaining compliance with provincial/territorial tenancy laws.

find out more

Roommate Addendum To Lease Rental Agreement

A Canadian legal document that supplements an existing lease to formally add and establish terms for new roommates in a rental property.

find out more

Rental Arbitrage Lease Addendum

A Canadian law-governed lease addendum that authorizes and regulates rental arbitrage operations, allowing tenants to conduct short-term rental business in leased properties.

find out more

Purchase Price Addendum

A Canadian legal document that modifies the purchase price in an existing purchase agreement while maintaining all other original terms.

find out more

Price Reduction Addendum To The Listing Agreement

A Canadian legal document that amends an existing real estate listing agreement to reflect an agreed-upon reduction in the property's listing price.

find out more

Pool Addendum For Rental Agreement

A Canadian jurisdiction addendum to rental agreements specifically governing pool usage, maintenance, and liability terms between landlords and tenants.

find out more

Addendum To Lease Removing A Tenant

A Canadian legal document that modifies an existing lease agreement to remove one tenant while maintaining the lease's validity for remaining tenants.

find out more

Addendum To Lease Agreement Month To Month

A Canadian jurisdiction addendum document used to modify existing month-to-month lease agreements while maintaining compliance with federal and provincial tenancy laws.

find out more

Addendum To Lease Agreement Change Of Name

A Canadian legal document that amends an existing lease agreement to reflect a change in a tenant's or landlord's legal name while maintaining all other original lease terms.

find out more

Personal Property Addendum To Real Estate Contract

A Canadian legal addendum that specifies personal property items included in a real estate transaction, their conditions, and transfer terms.

find out more

Listing Contract Addendum

A Canadian legal document that modifies an existing real estate listing agreement between property owners and brokerages, subject to federal and provincial regulations.

find out more

Addendum To Consulting Agreement

A Canadian law-compliant document that modifies an existing consulting agreement, updating specific terms while maintaining other original provisions.

find out more

Commercial Lease Extension Addendum

A Canadian legal document extending an existing commercial lease agreement, specifying new term length and updated conditions.

find out more

Addendum To Buy Sell Agreement

A Canadian law-compliant document that modifies an existing Buy-Sell Agreement, incorporating specific amendments while maintaining the original agreement's core structure.

find out more

Co Signer Addendum Rental Agreement

A Canadian legal document that establishes a co-signer's obligations and responsibilities in guaranteeing a tenant's rental agreement obligations.

find out more

Closing Date Extension Addendum

A Canadian legal document that modifies the closing date in an existing purchase and sale agreement while maintaining all other original terms and conditions.

find out more

Cleaning Addendum To Lease

A Canadian legal document that supplements a lease agreement by specifying detailed cleaning obligations and standards for both landlords and tenants.

find out more

Addendum Loan Agreement

A Canadian legal document that modifies existing loan agreement terms while maintaining compliance with federal and provincial lending regulations.

find out more

Lease Transfer Addendum

A Canadian legal document that facilitates the transfer of lease rights and obligations from one tenant to another, maintaining compliance with federal and provincial tenancy laws.

find out more

Addendum To Mortgage Contract

A Canadian legal document that modifies specific terms of an existing mortgage contract while maintaining other original terms.

find out more

Addendum To Memorandum Of Agreement

A Canadian law-compliant document that modifies an existing Memorandum of Agreement, updating specific terms while maintaining other original provisions.

find out more

Lease Addendum Change Of Ownership

A Canadian legal document that formalizes property ownership changes while preserving existing lease terms and tenant rights.

find out more

Addendum To Listing Agreement

A Canadian legal document that modifies an existing real estate listing agreement, documenting changes to specific terms while maintaining other original conditions.

find out more

House Sale Contingency Addendum

A Canadian legal addendum that establishes terms and conditions for a home purchase contingent on the buyer selling their existing property.

find out more

Furnished Apartment Lease Addendum

A Canadian legal addendum to a residential lease agreement specifying terms and conditions for furnished rental properties.

find out more

Employment Contract Extension Addendum

A Canadian law-compliant addendum that extends an existing employment agreement while documenting any modifications to the original terms.

find out more

Employee Lease Addendum

A Canadian legal document that establishes terms for temporarily assigning an employee from their original employer to a host company, compliant with federal and provincial employment laws.

find out more

Earnest Money Addendum

A Canadian legal addendum that specifies earnest money deposit terms and conditions in real estate transactions, compliant with provincial regulations.

find out more

Early Occupancy Agreement Lease Addendum

A Canadian jurisdiction addendum to a lease agreement permitting tenant occupancy prior to the official lease start date, outlining terms and conditions for early access.

find out more

Contract For Deed Addendum

A Canadian legal document that modifies an existing Contract for Deed, allowing parties to adjust terms while maintaining the original seller-financing arrangement under provincial property laws.

find out more

Real Estate Contract Addendum

A Canadian legal document used to modify or amend existing real estate contracts, complying with federal and provincial property laws.

find out more

Addendum To Purchase And Sale Agreement

A Canadian legal document that modifies an existing Purchase and Sale Agreement, operating under federal and provincial property laws to formalize changes to the original transaction terms.

find out more

Internet Access Lease Addendum

A Canadian-compliant addendum to a lease agreement specifically governing the provision and terms of internet access services in rental properties.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.