Deed Of Sale Agreement Of Immovable Property Template for Singapore

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Key Requirements PROMPT example:

Deed Of Sale Agreement Of Immovable Property

"I need a Deed of Sale Agreement of Immovable Property for a Singapore residential property sale between a foreign buyer and local seller, with completion scheduled for March 2025, that includes specific provisions for ABSD and existing tenant arrangements."

What is a Deed Of Sale Agreement Of Immovable Property?

The Deed of Sale Agreement of Immovable Property is a crucial document in Singapore property transactions, used when transferring ownership of real estate between parties. It serves as conclusive evidence of the transfer and must be properly executed under Singapore law. This document includes essential details such as property description, purchase price, payment terms, completion date, and warranties. It must comply with various Singapore regulations including the Land Titles Act, Residential Property Act, and stamp duty requirements. The agreement is particularly important as it protects both parties' interests and ensures legal compliance in property transactions.

What sections should be included in a Deed Of Sale Agreement Of Immovable Property?

1. Parties: Details of vendor and purchaser including full names, identification numbers, and addresses

2. Background: Context of the sale and brief property overview including title details and transaction rationale

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Sale and Purchase: Core terms of the transaction including purchase price, payment schedule, and deposit details

5. Property Details: Comprehensive description of the property including lot number, floor area, boundaries, and included fixtures

6. Completion: Terms and timing of completion, including completion date, venue, and documentation requirements

7. Warranties: Seller's warranties regarding property title, condition, encumbrances, and compliance with laws

8. Title and Transfer: Procedures for title transfer and registration with relevant authorities

9. Stamp Duty: Provisions regarding payment of stamp duty and other applicable taxes

10. Default and Remedies: Consequences of default by either party and available remedies

What sections are optional to include in a Deed Of Sale Agreement Of Immovable Property?

1. HDB Compliance: Special provisions for HDB properties including ethnic quota compliance and resale requirements

2. Foreign Ownership: Additional requirements and restrictions for foreign buyers under the Residential Property Act

3. Tenancy Provisions: Terms relating to existing tenancies including assignment or termination of lease agreements

4. Renovation and Alterations: Details of approved renovation works or pending alterations to the property

5. En Bloc Provisions: Terms relating to ongoing or potential en bloc sale proceedings

What schedules should be included in a Deed Of Sale Agreement Of Immovable Property?

1. Property Schedule: Detailed property specifications, floor plans, and boundary plans

2. Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale

3. Title Documents: Copies of title deeds, strata title (if applicable), and other relevant property documents

4. Payment Schedule: Detailed breakdown of payment terms including deposit, progressive payments, and completion payment

5. Existing Tenancy Documents: Copies of current tenancy agreements and related correspondence

6. Property Tax and Maintenance Records: Recent property tax bills, maintenance fee statements, and utility bills

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

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Real Estate
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Legal
Real Estate
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Compliance
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Relevant Roles

Property Lawyer
Real Estate Agent
Property Manager
Conveyancing Executive
Corporate Counsel

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Let's create your Deed Of Sale Agreement Of Immovable Property

What is a Deed Of Sale Agreement Of Immovable Property?

What sections should be included in a Deed Of Sale Agreement Of Immovable Property?

What sections are optional to include in a Deed Of Sale Agreement Of Immovable Property?

What schedules should be included in a Deed Of Sale Agreement Of Immovable Property?

Authors

Alex Denne

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