Is an electronic signature valid for this amendment?

Yes. Electronic signatures are generally valid under the ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted; ensure the signer demonstrates intent, consents to electronic records, attribution is clear, and records are retained.

Do I need notarization or witnesses for the amendment?

Notarization is commonly required for amendments affecting legal description or title; witness requirements depend on state law and document type. Check the county recorder and state notary rules before execution.

How do I correct a completed form with a mistake?

Do not alter executed copies. Prepare a new corrective amendment signed by the same parties referencing the original revision, or attach an affidavit explaining the clerical error.

What if the lender objects to the unit revision?

Obtain written lender consent or a formal waiver; failing to secure consent can trigger loan defaults or require loan amendment documents before recording.

Can I use remote online notarization (RON)?

Possibly. RON is permitted in many states with identity proofing and audio‑visual recording requirements; verify the state's RON rules and retention obligations before relying on a remote notary.

How long must I keep executed amendments?

Retain executed amendments for at least three years for IRS purposes (IRC §6501(a)) and longer where HUD, SEC, HIPAA, or state rules apply; consult retention policies for your jurisdiction and industry.

Electronic Signature
Templates
Miscellaneous
Unit Revision PSA Form

Unit Revision PSA Form

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

Unit Revision PSA Form

Effective Date:

Parties

Client Name: Client Representative:

Client Address:

Contractor Name: Contractor Representative:

Contractor Address:

WHEREAS

1. WHEREAS, Client is the owner or authorized representative of certain units within a development or project for which revisions to unit specifications, quantities, or allocations are requested; and

2. WHEREAS, Contractor possesses the necessary expertise to prepare, document, and implement unit revisions (including but not limited to architectural adjustments, scheduling, and cost allocation) and is willing to perform such services under the terms set forth herein; and

3. WHEREAS, the parties desire to set forth the scope, compensation, schedule and other material terms governing the performance of such unit revision work.

Scope of Work

Description of Unit Revision Services:

Additional deliverables, requested changes, or out-of-scope work will require written change orders executed by authorized representatives of both parties and will be governed by the Change Order provisions in this Agreement.

Payment Terms

Total Compensation: $ (USD)

Payment Schedule and Milestones:

Payments shall be due within days of invoice unless otherwise stated. Method of payment:

Late Payment: Unpaid amounts shall accrue interest at or the maximum rate permitted by law, plus reasonable costs of collection, including attorneys' fees.

Term and Termination

Term Commencement Date: . Expected Completion Date:

Either party may terminate this Agreement for convenience upon days' prior written notice to the other party. Termination for material breach shall be effective upon written notice if the breach remains uncured for days following receipt of notice specifying the breach.

Upon termination, Contractor shall be entitled to payment for work performed and approved through the effective date of termination, subject to offsets for damages caused by Contractor's breach.

Confidentiality

Each party (the "Receiving Party") shall hold in strict confidence and shall not disclose or use any non-public information marked or reasonably understood to be confidential disclosed by the other party (the "Disclosing Party") except as necessary to perform under this Agreement. Confidential information shall not include information which (a) is or becomes public through no fault of the Receiving Party, (b) is rightfully received by the Receiving Party from a third party without restriction, or (c) is independently developed by the Receiving Party without use of Confidential Information.

The obligations in this section shall survive termination of this Agreement for a period of unless otherwise required by law.

Change Orders

Any change to the Scope of Work, schedule, or compensation shall be executed only by written Change Order, signed by authorized representatives of both parties. Change Orders shall describe the change, the adjustments to compensation and schedule, and any other impacts.

Governing Law; Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflicts of law principles. The parties shall attempt in good faith to resolve disputes through negotiation; if unresolved, disputes shall be submitted to binding arbitration in the county where the Client's principal place of business is located, under applicable arbitration rules agreed by the parties.

Representations and Warranties; Indemnity

Each party represents that it has the authority to enter into this Agreement. Contractor warrants that services will be performed in a professional manner consistent with industry standards. Contractor shall indemnify and hold harmless Client from third-party claims arising from Contractor's negligent performance, except to the extent caused by Client's acts or omissions.

Entire Agreement

This Agreement, including all exhibits and executed Change Orders, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written. No amendment shall be effective unless in writing and signed by authorized representatives of both parties.

Notices

All notices required or permitted under this Agreement shall be in writing and delivered to the party's address below by personal delivery, certified mail (return receipt requested), or commercial overnight courier, and shall be effective upon receipt.

Client Notice Address: Contractor Notice Address:

Miscellaneous

If any provision of this Agreement is determined to be invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect. The parties are independent contractors, and nothing in this Agreement shall create an agency, partnership, joint venture, or employment relationship between the parties.

Client

Print Name:

By:

Date:

Contractor

Print Name:

By:

Date:

What the Unit Revision PSA Form Is and When It Applies

The Unit Revision PSA Form documents changes to unit assignments, descriptions, or allocation terms tied to an existing Purchase and Sale Agreement (PSA) for real property, condominium units, or portfolio sales. It records the specific revisions, effective date, parties involved, and any adjustments to price or consideration, and is used to update the contract record and support title and recording actions where required. The form establishes a clear amendment trail to reduce disputes and provides a basis for lender notification, escrow instructions, and any necessary municipal or recording office submissions.

Why a Formal Unit Revision PSA Form Matters

A written Unit Revision PSA Form creates an auditable amendment to the original agreement, clarifies the parties’ intent, and preserves enforceability under electronic signature laws (ESIGN and UETA). Properly completed forms reduce title issues, align lender and escrow instructions, and document any price or tax proration changes tied to the unit revision.

Who typically prepares, approves, and receives the Unit Revision PSA Form

Professionals who routinely handle unit revisions include closing agents, property developers, title officers, and transactional attorneys; this form formalizes changes for all stakeholders.

Closing agents and escrow officers — Prepare and distribute revisions; verify signatures and compliance with recording requirements.
Developers and sellers — Approve unit reassignments, confirm consideration adjustments, and coordinate with marketing and sales records.
Title officers and attorneys — Ensure lien status, coordinate endorsements, and clear title where unit changes affect legal descriptions.

Use the form to ensure consistent records among buyer, seller, lender, escrow, and title; keep copies in transaction folders and the closing package.

Primary signers and approvers

Closing Manager

A closing manager or escrow officer typically drafts or assembles the Unit Revision PSA Form from the agreed commercial terms, verifies that the legal descriptions match title records, and collects signatures from buyer and seller. They also confirm lender consent where required and prepare any recording package for the county recorder.

Authorized Signatory

An authorized signatory—such as the property owner, corporate officer, or buyer’s authorized agent—must sign to effect the revision. The signer should have authority under corporate resolutions or power of attorney and must sign in the capacity stated on the form to avoid later challenges to validity.

Core components to include in a professional Unit Revision PSA Form

A complete form organizes the revision into clearly labeled sections so parties and third parties can verify the change quickly and accurately.

Unit Identification

Exact legal description or unit number as used in the original PSA; include parcel ID, condominium unit identifier, or lot number to eliminate ambiguity in title and recording.

Revision Summary

Concise description of what is changing (reassignment, split, consolidation, or corrected description), including prior and new unit references when applicable.

Effective Date

The specific date the revision takes effect; this date controls proration, transfer taxes, and any conditional obligations tied to the amendment.

Consideration Adjustment

Any change to purchase price, deposit allocation, or credits tied to the unit revision must be stated as dollar amounts or specific offsets.

Approvals and Consents

Signatures for buyer, seller, and lender consent if the loan documents require approval for unit changes; identify corporate signers and authority source.

Attachments

Exhibits such as revised legal descriptions, updated plats, lender consent letters, and escrow instructions should be attached and referenced by exhibit letter or number.

Step-by-step process for filling and finalizing the Unit Revision PSA Form

Follow these sequential steps to prepare, approve, and archive the amendment while coordinating with title and lender requirements.

01

Assemble details: Collect unit IDs, original PSA reference, and any supporting exhibits.
02

Draft amendment: Populate the form fields and attach corrected legal descriptions.
03

Obtain consents: Secure lender, seller, and buyer signatures and any required approvals.
04

Record and archive: Submit to recorder if required and store executed copies in escrow and title files.

Where the Unit Revision PSA Form goes after signing

Routing depends on transaction type: escrow, lender, title, and recorder may each need an executed copy. Use a clear distribution plan.

Escrow copy: Escrow holds the executed amendment and updates closing ledger.
Title company: Title updates commitment and issues endorsements if needed.
Lender: Lender consent letter or acknowledgement is filed with loan documents.
County recorder: Record the amendment when it affects the public land record.

Digital signing, file formats, and integration considerations

Use PDF or DOCX files for the form and confirm compatibility with your signing platform and title systems.

Supported formats: PDF, DOCX, and fillable forms
Authentication: Email, SMS code, or advanced methods
Integrations: Salesforce, NetSuite, Procore, Box

Typical timelines and processing expectations for unit revisions

Timing varies by transaction complexity and third‑party approvals; below are common timeframes to plan for when coordinating a unit revision.

Effective date impact:

Effective date controls prorations and tax allocations; set clearly before signing.

Lender review window:

Allow 5–15 business days for lender consent or underwriter response.

Title update timing:

Title company updates commitment within 3–7 business days after receiving executed revision.

Recording processing:

Recording timelines vary by county; expect 3–30 days depending on backlog.

Escrow close alignment:

Coordinate final revision approval at least 2 business days before closing when possible.

Common mistakes to avoid when preparing the Unit Revision PSA Form

Using informal unit identifiers instead of the exact legal description, leading to recording rejection or title exceptions.
Failing to obtain lender consent where loan documents require it, which can trigger default or delay closing.
Not attaching required exhibits such as updated plats or consents, causing incomplete files and additional back-and-forth.
Allowing signers to use inconsistent capacities (e.g., unsigned corporate resolution), which can create authority disputes.

Consequences of incorrect or incomplete Unit Revision PSA Forms

Recording rejection: Re-recording delays

Title exceptions: Insurance restrictions

Lender default: Loan covenant breach

Tax misallocation: Incorrect proration

Contract disputes: Enforceability challenges

Additional costs: Legal and reprocessing fees

Comparing eSignature pricing and key features for Unit Revision PSA workflows

Cost and feature stacks vary; signNow is listed first for comparison. Match plan capabilities to needs such as bulk send, HIPAA compliance, and envelope limits when choosing a provider.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	No	No	Yes, limited	Yes, limited
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Frequently asked questions about the Unit Revision PSA Form

Answers below address authentication, recording, corrections, and retention so practitioners can resolve common execution and filing issues.

Need help? Contact support

Is an electronic signature valid for this amendment?
Yes. Electronic signatures are generally valid under the ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted; ensure the signer demonstrates intent, consents to electronic records, attribution is clear, and records are retained.
Do I need notarization or witnesses for the amendment?
Notarization is commonly required for amendments affecting legal description or title; witness requirements depend on state law and document type. Check the county recorder and state notary rules before execution.
How do I correct a completed form with a mistake?
Do not alter executed copies. Prepare a new corrective amendment signed by the same parties referencing the original revision, or attach an affidavit explaining the clerical error.
What if the lender objects to the unit revision?
Obtain written lender consent or a formal waiver; failing to secure consent can trigger loan defaults or require loan amendment documents before recording.
Can I use remote online notarization (RON)?
Possibly. RON is permitted in many states with identity proofing and audio‑visual recording requirements; verify the state's RON rules and retention obligations before relying on a remote notary.
How long must I keep executed amendments?
Retain executed amendments for at least three years for IRS purposes (IRC §6501(a)) and longer where HUD, SEC, HIPAA, or state rules apply; consult retention policies for your jurisdiction and industry.

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