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Land Sale Contract
"I need a Land Sale Contract for the purchase of a commercial property in Singapore's Central Business District, with specific provisions for existing tenancies and completion date set for March 2025, ensuring compliance with foreign ownership restrictions as the buyer is a US-based corporation."
1. Parties: Identification of seller and purchaser, including full legal names, addresses, and registration numbers if companies
2. Background: Context of the sale, including property identification and brief transaction history
3. Definitions: Key terms used throughout the contract including 'Property', 'Completion Date', 'Purchase Price'
4. Property Details: Full legal description of the property, including lot number, boundaries, and registered title details
5. Purchase Price: Amount and payment terms, including deposit arrangements
6. Completion: Timing and process for completion of the sale
7. Title and Transfer: Provisions regarding clean title and transfer process
8. Representations and Warranties: Standard seller warranties about property ownership and condition
1. Foreign Ownership Provisions: Required when purchaser is foreign, addressing Residential Property Act requirements
2. Tenant Provisions: Addressing existing tenancies and handover arrangements
3. Development Conditions: Special conditions relating to development potential or restrictions
4. Environmental Provisions: Special conditions relating to environmental issues
1. Property Schedule: Detailed property description including floor plans and boundaries
2. Title Documents: Copies of title documents and land register extracts
3. Existing Tenancies Schedule: Details of any existing tenancy agreements
4. Property Condition Report: Current condition of property and any defects
5. Planning Permissions Schedule: Relevant planning permissions and restrictions
Authors
Property
Land
Purchase Price
Completion Date
Completion
Deposit
Balance Purchase Price
Title Documents
Transfer Documents
Encumbrances
Business Day
Parties
Seller
Purchaser
Existing Tenancies
Completion Time
Contract Date
Due Diligence Period
Land Register
Certificate of Title
Planning Permission
Permitted Use
Property Tax
Stamp Duty
Additional Buyer's Stamp Duty
Seller's Stamp Duty
Force Majeure Event
Legal Requisitions
Title Search
Vacant Possession
Working Day
Singapore Dollar
Option to Purchase
Defects
Property Agent
Commission
Survey Plan
Boundaries
Lot Number
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Completion
Title and Transfer
Representations and Warranties
Vacant Possession
Property Condition
Encumbrances
Legal Requisitions
Planning and Development
Environmental Compliance
Existing Tenancies
Stamp Duty
Property Tax
Risk and Insurance
Default
Termination
Force Majeure
Assignment
Notices
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Foreign Ownership
Due Diligence
Confidentiality
Agency
Time of Essence
Further Assurance
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