The Agreement Of Purchase And Sale Condominium is a crucial document in Singapore real estate transactions, used when transferring ownership of condominium units. It ensures compliance with Singapore's strict property regulations and protects both buyers' and sellers' interests. The agreement includes essential details such as property specifications, payment terms, completion timeline, and warranties. It's particularly important given Singapore's unique property laws, including restrictions on foreign ownership and specific requirements for strata-titled properties. The document must conform to requirements set by the Singapore Land Authority and other relevant regulatory bodies.
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Key Requirements PROMPT example:
Agreement Of Purchase And Sale Condominium
"I need an Agreement Of Purchase And Sale Condominium for a 3-bedroom unit in Singapore that I'm buying from a foreign seller, with completion scheduled for March 2025, and I need specific provisions for renovation works that will be completed before handover."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the condominium unit and included fixtures
5. Purchase Price: Amount and payment terms
6. Completion Date: Timeline for closing the transaction
7. Title and Transfer: Provisions regarding clean title transfer
8. Representations and Warranties: Standard declarations by both parties
1. Financing Conditions: Used when buyer requires mortgage financing - applicable when purchase is subject to obtaining financing
2. Foreign Ownership Approval: Requirements for foreign buyers - applicable when buyer is not a Singapore citizen/PR
3. En Bloc Sale Provisions: Addresses collective sale scenarios - applicable when property might be subject to en bloc sale
1. Property Floor Plan: Detailed unit floor plan and measurements
2. Inventory List: List of included fixtures and fittings
3. Strata Title Details: Share value and common property rights
4. Payment Schedule: Detailed breakdown of payment installments
5. Property Title Search: Official title search results
Authors
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Deposit
Balance Sum
Strata Title
Share Value
Common Property
Management Corporation
Subsidiary Proprietor
Fixtures and Fittings
Title Deeds
Encumbrances
Completion
Business Day
GST
Maintenance Charges
Sinking Fund
Prescribed Developer's Warranty
Defects Liability Period
Vacant Possession
Option to Purchase
Conveyancing
Stamp Duty
Certificate of Title
Permitted Use
Unit Area
Floor Plan
Building Plans
En Bloc Sale
Renovation Works
Maintenance Fund
Developer
Property Tax
Sale and Purchase Agreement
Warranty Period
Land Registry
Building and Construction Authority
Urban Redevelopment Authority
Property
Purchase Price
Completion Date
Deposit
Balance Sum
Strata Title
Share Value
Common Property
Management Corporation
Subsidiary Proprietor
Fixtures and Fittings
Title Deeds
Encumbrances
Completion
Business Day
GST
Maintenance Charges
Sinking Fund
Prescribed Developer's Warranty
Defects Liability Period
Vacant Possession
Option to Purchase
Conveyancing
Stamp Duty
Certificate of Title
Permitted Use
Unit Area
Floor Plan
Building Plans
En Bloc Sale
Renovation Works
Maintenance Fund
Developer
Property Tax
Sale and Purchase Agreement
Warranty Period
Land Registry
Building and Construction Authority
Urban Redevelopment Authority
Clauses
Property Description
Purchase Price
Payment Terms
Completion Date
Title and Transfer
Representations and Warranties
Conditions Precedent
Vacant Possession
Property Inspection
Defects Liability
Maintenance Charges
Insurance
Risk and Property Damage
Default and Remedies
Assignment
Notices
Stamp Duty
GST
Property Tax
Common Property Rights
Management Corporation Obligations
En Bloc Sale Provisions
Foreign Ownership
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Amendments
Severability
Costs and Expenses
Further Assurance
Time of Essence
Joint and Several Liability
Third Party Rights
Counterparts
Purchase Price
Payment Terms
Completion Date
Title and Transfer
Representations and Warranties
Conditions Precedent
Vacant Possession
Property Inspection
Defects Liability
Maintenance Charges
Insurance
Risk and Property Damage
Default and Remedies
Assignment
Notices
Stamp Duty
GST
Property Tax
Common Property Rights
Management Corporation Obligations
En Bloc Sale Provisions
Foreign Ownership
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Amendments
Severability
Costs and Expenses
Further Assurance
Time of Essence
Joint and Several Liability
Third Party Rights
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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