Deed of Variation
noundeed of var·i·a·tionpronounced DEED ov vair-ee-AY-shən
Last reviewed 16 April 2026
What does the noun Deed of Variation mean?
A formal legal document that amends the terms of an existing contract. In property transactions, it is commonly used to record a negotiated price reduction after a building inspection, ensuring the lower price becomes the official contract price for stamp duty purposes.
How the noun Deed of Variation is used
After the building inspection found structural cracking, our solicitor prepared a deed of variation to reduce the contract price by $15,000.
Synonyms
contract variation, variation deed
Related words
Cite this entry
MLA citation: "Deed of Variation." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/deed-of-variation. Accessed 29 May 2026.
Chicago citation: How to Property. "Deed of Variation." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/deed-of-variation.
APA citation: How to Property. (2026, April 16). Deed of Variation. https://howtoproperty.com.au/definitions/deed-of-variation