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Land Installment Contract
"Need a Land Installment Contract for the sale of a commercial property in Singapore's Central Business District, with monthly installments over 5 years starting March 2025, and specific provisions for early payment without penalties."
1. Parties: Identification of seller and purchaser with full legal details
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the property including lot number, title details
5. Purchase Price: Total consideration and payment structure
6. Payment Terms: Installment schedule, amounts, and due dates
7. Default Provisions: Consequences of payment default
8. Transfer of Title: Conditions and timing for title transfer
9. Representations and Warranties: Seller's declarations about property condition and title
1. Insurance Requirements: Property insurance obligations, applicable when required by financing
2. Property Maintenance: Maintenance obligations during installment period, used for properties requiring specific maintenance terms
3. Early Payment Provisions: Terms for early payoff of installments, included when early payment options are offered
4. Assignment Rights: Rights to assign the contract to third parties, included when assignment might be contemplated
1. Property Title Documents: Copies of title deeds and certificates
2. Payment Schedule: Detailed installment payment schedule
3. Property Plans: Floor plans, site plans, and surveys
4. Condition Report: Current condition of property
5. Encumbrances Schedule: List of existing encumbrances on the property
Authors
Balance Purchase Price
Completion
Completion Date
Default
Deposit
Encumbrances
Initial Payment
Installment Payment
Installment Period
Land
Land Registry
Payment Due Date
Payment Schedule
Permitted Use
Property
Purchase Price
Purchaser
Seller
Singapore Dollar
Title Deed
Title Documents
Transfer Date
Transfer of Title
Vacant Possession
Business Day
Law
Parties
Security Interest
Term
Governmental Authority
GST
Interest Rate
Material Adverse Change
Relevant Authority
Warranties
Purchase Price
Payment Terms
Installment Schedule
Title Transfer
Possession
Default and Remedies
Insurance
Property Maintenance
Representations and Warranties
Assignment
Taxes and Duties
Risk and Insurance
Covenants
Property Use
Encumbrances
Registration
Force Majeure
Notices
Governing Law
Dispute Resolution
Termination
Early Payment
Death or Incapacity
Severability
Entire Agreement
Amendment
Waiver
Costs
Time of Essence
Further Assurance
Counterparts
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