The House Ownership Contract serves as the primary legal instrument for transferring residential property ownership in Singapore. This document is essential for both public (HDB) and private property transactions, incorporating all necessary elements required by Singapore law. It details the rights and obligations of both parties, property specifications, financial terms, and completion requirements. The contract must align with Singapore's strict property regulations, including foreign ownership restrictions, stamp duty requirements, and specific HDB rules where applicable. This comprehensive agreement protects both buyer and seller interests while ensuring compliance with all relevant property legislation.
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Key Requirements PROMPT example:
House Ownership Contract
"I need a House Ownership Contract for the purchase of a three-bedroom condominium unit in Singapore's East Coast area, with specific provisions for an existing tenant whose lease expires in March 2025 and inclusion of all built-in furniture."
1. Parties: Details of the seller and purchaser, including full legal names and identification
2. Background: Context of the sale and purchase transaction
3. Definitions: Key terms used throughout the contract
4. Property Details: Full description of the property including address, lot number, and floor area
5. Purchase Price: Agreed price and payment terms
6. Completion: Timeline and conditions for completion of sale
7. Warranties: Seller's warranties regarding property title and condition
1. Mortgage Details: Required if property purchase involves financing - use when buyer requires bank financing
2. En-bloc Provisions: Details regarding collective sale rights - use for properties in developments eligible for en-bloc sale
3. Tenant Provisions: Details of existing tenancy - use when property is sold with existing tenants
1. Property Floor Plan: Detailed floor plan of the property
2. Inventory List: List of fixtures and fittings included in sale
3. Title Search: Official land registry search results
4. Property Tax Records: Recent property tax statements
5. Maintenance Records: History of property maintenance and repairs
Authors
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Deposit
Business Day
Title Documents
Encumbrances
Fixtures and Fittings
Vacant Possession
Certificate of Title
Caveat
Completion Notice
Defects
Due Diligence
Effective Date
Force Majeure
Good and Marketable Title
Land
Option to Purchase
Party/Parties
Permitted Use
Property Tax
Purchase Documents
Seller's Solicitor
Buyer's Solicitor
Stamp Duty
Strata Title
Tenancy Rights
Title Search
Transfer Documents
Warranty Period
Working Day
Maintenance Charges
Management Corporation
Share Value
Common Property
Relevant Authority
Restriction in Interest
Property
Purchase Price
Completion Date
Deposit
Business Day
Title Documents
Encumbrances
Fixtures and Fittings
Vacant Possession
Certificate of Title
Caveat
Completion Notice
Defects
Due Diligence
Effective Date
Force Majeure
Good and Marketable Title
Land
Option to Purchase
Party/Parties
Permitted Use
Property Tax
Purchase Documents
Seller's Solicitor
Buyer's Solicitor
Stamp Duty
Strata Title
Tenancy Rights
Title Search
Transfer Documents
Warranty Period
Working Day
Maintenance Charges
Management Corporation
Share Value
Common Property
Relevant Authority
Restriction in Interest
Clauses
Property Description
Purchase Price
Payment Terms
Completion
Title and Ownership
Warranties and Representations
Vacant Possession
Property Condition
Defects
Insurance
Property Tax
Maintenance Charges
Utilities and Services
Assignment and Transfer
Default and Termination
Notices
Force Majeure
Governing Law
Dispute Resolution
Stamp Duty
Due Diligence
Fixtures and Fittings
Encumbrances
Registration
Existing Tenancies
Common Property Rights
Management Corporation Obligations
Restrictive Covenants
Remedies
Costs and Expenses
Entire Agreement
Severability
Amendments
Third Party Rights
Further Assurance
Purchase Price
Payment Terms
Completion
Title and Ownership
Warranties and Representations
Vacant Possession
Property Condition
Defects
Insurance
Property Tax
Maintenance Charges
Utilities and Services
Assignment and Transfer
Default and Termination
Notices
Force Majeure
Governing Law
Dispute Resolution
Stamp Duty
Due Diligence
Fixtures and Fittings
Encumbrances
Registration
Existing Tenancies
Common Property Rights
Management Corporation Obligations
Restrictive Covenants
Remedies
Costs and Expenses
Entire Agreement
Severability
Amendments
Third Party Rights
Further Assurance
Relevant Industries
Relevant Teams
Relevant Roles
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