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Agreement For Purchase And Sale Of Real Property
"I need an Agreement For Purchase And Sale Of Real Property for a Singapore commercial property purchase between two corporate entities, with completion scheduled for March 2025, including provisions for existing tenancies and GST treatment."
1. Parties: Identifies and provides full details of the seller and purchaser
2. Background: Sets out the context of the transaction, including brief property description and seller's ownership
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price
5. Property Description: Detailed description of the property including address, land area, and title details
6. Purchase Price: States the purchase price and payment structure including deposit and completion payment
7. Payment Terms: Details the payment schedule, method of payment, and treatment of deposit
8. Conditions Precedent: Lists conditions that must be satisfied before completion can occur
9. Due Diligence: Buyer's rights and timeline for property investigation and title review
10. Seller's Representations and Warranties: Seller's promises about the property's condition and legal status
11. Buyer's Representations and Warranties: Buyer's promises regarding capacity to purchase and financial ability
12. Completion: Details of the completion process, timing, and requirements
13. Title and Transfer: Provisions regarding transfer of title and property ownership
14. Property Condition: State of the property upon handover and any included/excluded items
15. Taxes and Costs: Allocation of stamp duties, legal fees, and other transaction costs
16. Default and Termination: Consequences of breach and termination rights
17. Notices: How formal communications between parties should be made
18. Governing Law and Jurisdiction: Confirms Singapore law governs and Singapore courts have jurisdiction
19. General Provisions: Standard contractual provisions including entire agreement, amendments, and severability
1. Existing Tenancies: Required when the property is sold with sitting tenants, detailing treatment of rental deposits and existing lease agreements
2. Renovation Works: Needed when there are ongoing or planned renovation works that affect the transaction
3. CPF Usage: Required when buyer is using CPF funds for the purchase
4. Bank Financing: Include when purchase is conditional on obtaining bank financing
5. En Bloc Potential: Relevant for properties with collective sale potential
6. Property Tax Apportionment: Detailed tax prorating when specific arrangements are needed
7. Property Management: For properties in managed developments with specific rules or requirements
8. Foreign Ownership Approval: Required when buyer needs Land Dealings (Approval) Unit clearance
9. GST Treatment: Required for GST-registered sellers or commercial properties
10. Defects Liability: Important for new or recently completed properties
1. Property Details Schedule: Detailed property information including floor plan, boundaries, and fixtures
2. Inventory List: List of movable items included/excluded in the sale
3. Payment Schedule: Detailed breakdown of payment amounts and timing
4. Existing Tenancy Details: Copies of current lease agreements and tenant information
5. Title Documents: Copy of title search and relevant title documents
6. Property Tax Information: Recent property tax statements and assessments
7. Maintenance Fee Schedule: Details of maintenance fees for managed properties
8. Outstanding Works Schedule: List of any pending repairs or renovation works
9. Regulatory Approvals: Copies of relevant governmental approvals
10. Form of Transfer: Prescribed property transfer form
Authors
Property
Purchase Price
Completion
Completion Date
Deposit
Balance Purchase Price
Bank Loan
CPF Funds
Title Documents
Encumbrances
Fixtures and Fittings
Vacant Possession
Certificate of Title
Strata Title
Share Value
Common Property
Management Corporation
Subsidiary Proprietor
Option to Purchase
Exercise Date
Valuation Report
Due Diligence Period
Business Day
Working Day
Force Majeure Event
Material Adverse Change
Parties
Purchaser
Vendor
Legal Requisitions
Planning Permission
Authorities
Land Dealings Approval
Tenancies
Lease Agreement
Security Deposit
Stamp Duty
ABSD
BSD
SSD
GST
Title Search
Property Tax
Defects
Maintenance Charges
Sale Order
Permitted Use
Related Documents
Requisite Approvals
Inspection Period
Notice
Representations and Warranties
Existing Tenancy
Building Plans
Terms of Sale
Default
Termination
Remedies
Prescribed Form
Transfer Documentation
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Deposit Protection
Conditions Precedent
Due Diligence
Title and Transfer
Representations and Warranties
Property Condition
Vacant Possession
Completion
Default
Termination
Risk and Insurance
Existing Tenancies
CPF Requirements
Stamp Duty
Tax Obligations
Assignment
Force Majeure
Notices
Costs and Expenses
Further Assurance
Entire Agreement
Severability
Variation
Waiver
Time of Essence
Joint and Several Liability
Governing Law
Dispute Resolution
Confidentiality
Third Party Rights
Indemnification
Property Management
Environmental Compliance
Planning and Zoning
Regulatory Compliance
Foreign Ownership
Property Lawyer
Conveyancing Lawyer
Property Manager
Real Estate Developer
Investment Manager
Bank Manager
Mortgage Specialist
Property Valuer
Legal Counsel
Company Director
Company Secretary
Compliance Officer
Real Estate Investment Manager
Property Acquisition Manager
Asset Manager
Facilities Manager
Real Estate Portfolio Manager
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