An alteration of a written instrument is a change in language of the instrument that is made by one of the parties to the instrument who is entitled to make the change. Any material alteration of a written instrument, after its execution, made by the owner or holder of the instrument, without the consent of the party to be charged, renders the instrument void as to the nonconsenting party. The party to be charged refers to that party or parties against whom enforcement of a contract or instrument is sought.
If a party consents to the alteration, the instrument will not be rendered invalid as to that party.
North Dakota Ratification of Re-Execution of Recorded Instrument With Alterations is a legal document used to confirm and endorse alterations made to a previously recorded instrument, such as a contract or deed, in the state of North Dakota. This document ensures that the changes made to the original instrument are acknowledged by all parties involved and validates their agreement to these alterations. The Ratification of Re-Execution generally refers to the act of reconfirming and validating a modified or amended instrument that has been recorded. This is particularly important when significant changes are made to the original document, as it ensures that the revised terms are legally recognized. By ratifying the re-execution, all parties involved acknowledge the alterations and confirm their consent to the new terms. In North Dakota, there may be different types of Ratification of Re-Execution of Recorded Instrument with Alterations, including: 1. Real Estate Contract Ratification: This type of ratification is utilized when there are changes made to a real estate contract, such as amendments to the purchase price, financing terms, or contingencies. By ratifying the re-execution of the contract, all parties involved confirm their acceptance of the modified terms. 2. Deed Ratification: A deed ratification occurs when alterations are made to a recorded deed. For instance, if there are changes in the property description, granter, grantee, or any other essential detail, a ratification of re-execution is required to authenticate the revised deed. 3. Lease Agreement Ratification: When alterations are made to a lease agreement, such as adjustments to the rent, lease duration, or provisions, a ratification of re-execution is necessary. This ensures that both the landlord and the tenant acknowledge and accept the revised terms of the lease. 4. Partnership Agreement Ratification: If changes are made to a recorded partnership agreement, including modifications to profit sharing, responsibilities, or the addition/removal of partners, a ratification of re-execution is crucial in confirming the revised terms and the unanimous agreement of all partners. It is important to note that specific language and requirements may vary depending on the type of recorded instrument and the purpose of the alterations. Seeking professional legal advice or using pre-approved templates tailored to the specific instrument at hand is highly recommended ensuring compliance with North Dakota laws and regulations.
