The Lease And Sale Agreement is a specialized legal instrument used in Singapore property transactions where parties wish to combine rental and purchase arrangements. This document is particularly useful in rent-to-own scenarios or when buyers need a rental period before completing the purchase. It incorporates elements from both standard lease agreements and sale and purchase agreements, ensuring compliance with Singapore's property laws and regulations. The agreement typically includes detailed provisions about the rental period, purchase price, payment schedules, property condition, and completion requirements.
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1. Parties: Identification and details of the lessor and lessee/purchaser
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being leased/sold
5. Consideration: Purchase price/rental and payment terms
6. Completion: Terms and conditions for completion of sale
7. Warranties and Representations: Statements of fact and promises by both parties
8. Governing Law: Specification of Singapore law as governing law
1. Condition of Property: Details of property condition, used when selling as-is or when specific condition issues need to be documented
2. Tenant Obligations: Specific obligations of tenant during lease period, included when the agreement includes lease provisions
3. Renovation Terms: Terms for property modifications, included when renovations are permitted
4. Option to Purchase: Terms for future purchase option, used in lease with purchase option arrangements
1. Property Floor Plan: Detailed floor plan of the property
2. Inventory List: List of fixtures and fittings included in sale/lease
3. Title Documents: Copies of relevant title documents
4. Payment Schedule: Detailed breakdown of payment terms and timeline
5. Property Certificates: Relevant certificates including fire safety, TOP
Relevant legal definitions
Agreement
Property
Completion Date
Deposit
Purchase Price
Rental Period
Rental Payment
Lease Term
Option to Purchase
Completion
Business Day
Seller/Lessor
Buyer/Lessee
Permitted Use
Completion Payment
Title Documents
Encumbrances
Common Property
Fixtures and Fittings
Security Deposit
Force Majeure
Interest Rate
Management Corporation
Parties
Property Tax
Stamp Duty
Utilities
Vacant Possession
Working Day
Certificate of Title
Strata Title
Completion Notice
Default
Maintenance Charges
Renovation Works
Tenancy Period
Transfer Documents
Valuation Report
Warranties
Property
Completion Date
Deposit
Purchase Price
Rental Period
Rental Payment
Lease Term
Option to Purchase
Completion
Business Day
Seller/Lessor
Buyer/Lessee
Permitted Use
Completion Payment
Title Documents
Encumbrances
Common Property
Fixtures and Fittings
Security Deposit
Force Majeure
Interest Rate
Management Corporation
Parties
Property Tax
Stamp Duty
Utilities
Vacant Possession
Working Day
Certificate of Title
Strata Title
Completion Notice
Default
Maintenance Charges
Renovation Works
Tenancy Period
Transfer Documents
Valuation Report
Warranties
Clauses
Interpretation
Sale and Purchase
Lease Terms
Property Description
Purchase Price
Rental Payments
Deposit
Completion
Option to Purchase
Conditions Precedent
Due Diligence
Title and Ownership
Representations and Warranties
Property Condition
Maintenance and Repair
Insurance
Assignment and Subletting
Default and Termination
Utilities and Outgoings
Property Tax
Stamp Duty
Alterations and Improvements
Access Rights
Common Areas
Force Majeure
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Indemnification
Confidentiality
Registration
Third Party Rights
Costs and Expenses
Sale and Purchase
Lease Terms
Property Description
Purchase Price
Rental Payments
Deposit
Completion
Option to Purchase
Conditions Precedent
Due Diligence
Title and Ownership
Representations and Warranties
Property Condition
Maintenance and Repair
Insurance
Assignment and Subletting
Default and Termination
Utilities and Outgoings
Property Tax
Stamp Duty
Alterations and Improvements
Access Rights
Common Areas
Force Majeure
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Indemnification
Confidentiality
Registration
Third Party Rights
Costs and Expenses
Relevant Industries
Relevant Teams
Relevant Roles
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