The Intention To Sell Property Letter is a preliminary document widely used in Singapore's real estate transactions. It serves as an official communication of a property owner's intent to sell their property and provides essential information to interested parties. The document typically precedes the Option to Purchase (OTP) and Sale and Purchase Agreement. While primarily used in private property transactions, it must comply with additional regulations when dealing with HDB properties. The letter includes crucial details such as property specifications, proposed pricing, and any specific conditions of sale, making it an important tool in initiating property transactions in Singapore's regulated real estate market.
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Key Requirements PROMPT example:
Intention To Sell Property Letter
"I need an Intention To Sell Property Letter for my 3-bedroom HDB flat in Tampines, which I plan to sell for SGD 750,000, with the sale to be handled through PropertyLink Real Estate Agency starting March 2025."
1. Seller's Details: Full legal name, NRIC/Passport number, and current address of the property owner
2. Property Details: Complete property address, property type, tenure, land area, and other relevant property information
3. Intention Statement: Clear statement of intention to sell the specified property
4. Proposed Price: Intended selling price and any price-related conditions
5. Timeline: Proposed timeline for the sale process and validity period of the intention
1. Agent Authorization: Details of the appointed real estate agent including CEA registration number, if selling through an agent
2. Special Conditions: Any specific conditions or requirements for the sale
3. Current Tenancy Status: Information about existing tenancy agreements if the property is currently leased
4. Property Condition Declaration: Statement about the current condition of the property and any known defects
1. Property Title Documents: Copies of property ownership documents or HDB lease
2. Property Information: Floor plans, recent photographs, and property specifications
3. Maintenance Records: Recent maintenance fee statements and payment records
4. Regulatory Compliance: Relevant permits, certificates, and compliance documents
Authors
Relevant legal definitions
Clauses
Property Description
Sale Intention
Price Declaration
Property Condition
Existing Encumbrances
Timeframe
Agent Authorization
Property Access
Due Diligence
Current Occupancy
Maintenance Status
Title Warranty
Contact Details
Good Faith
Non-Binding Statement
Validity Period
Property Tax Status
Regulatory Compliance
Further Information
Sale Intention
Price Declaration
Property Condition
Existing Encumbrances
Timeframe
Agent Authorization
Property Access
Due Diligence
Current Occupancy
Maintenance Status
Title Warranty
Contact Details
Good Faith
Non-Binding Statement
Validity Period
Property Tax Status
Regulatory Compliance
Further Information
Relevant Industries
Relevant Teams
Relevant Roles
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