Property Sell Agreement Template for Singapore

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Key Requirements PROMPT example:

Property Sell Agreement

"I need a Property Sale Agreement for a freehold condominium unit in Singapore, with a completion date of March 15, 2025, including specific provisions for an existing tenant who will remain in the property after the sale."

What is a Property Sell Agreement?

The Property Sale Agreement serves as the primary legal instrument for real estate transactions in Singapore. This document is essential when transferring property ownership and must adhere to Singapore's strict property regulations and conveyancing requirements. The agreement typically includes comprehensive details about the property, parties involved, purchase price, payment terms, and conditions precedent to completion. A Property Sale Agreement should be carefully drafted to ensure compliance with Singapore's property laws, including the Residential Property Act, Land Titles Act, and where applicable, Housing Development Board regulations. It's particularly important to include provisions addressing stamp duty obligations, foreign ownership restrictions, and specific local requirements.

What sections should be included in a Property Sell Agreement?

1. Parties: Details of the seller and purchaser including full legal names, identification/registration numbers, and addresses

2. Background: Context of the sale transaction and brief property overview

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, land title details, and boundaries

5. Purchase Price: Purchase price, payment terms, deposit requirements and payment schedule

6. Completion: Completion date, procedures, and requirements for successful transfer

7. Seller's Warranties: Warranties regarding property title, condition, encumbrances, and compliance with laws

8. Purchaser's Obligations: Key obligations including payment, due diligence, and compliance with regulations

What sections are optional to include in a Property Sell Agreement?

1. Foreign Ownership Declaration: Required declarations and compliance with Residential Property Act for foreign buyers

2. HDB Compliance: Specific terms and conditions for HDB properties including ethnic quota and eligibility requirements

3. Tenancy Provisions: Terms relating to existing tenancies, including handover of tenancy deposits and documentation

4. En Bloc Provisions: Provisions relating to potential collective sale situations

What schedules should be included in a Property Sell Agreement?

1. Property Details Schedule: Comprehensive property specifications, floor plans, and boundary details

2. Inventory List: Detailed list of fixtures, fittings, and furnishings included in the sale

3. Title Documents: Copies of land title, strata title, and other relevant ownership documents

4. Payment Schedule: Detailed breakdown of payment milestones and amounts

5. Regulatory Approvals: Copies of necessary permits, certificates, and regulatory approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Banking
Legal Services
Property Development

Relevant Teams

Legal
Real Estate
Finance
Compliance
Property Management

Relevant Roles

Real Estate Agent
Property Lawyer
Property Manager
Conveyancing Executive
Compliance Officer
Legal Counsel
Real Estate Director

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Real Estate Purchase Offer

A Singapore legal document initiating formal property purchase negotiations, detailing terms and conditions for residential or commercial transactions.

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Let's create your Property Sell Agreement

What is a Property Sell Agreement?

What sections should be included in a Property Sell Agreement?

What sections are optional to include in a Property Sell Agreement?

What schedules should be included in a Property Sell Agreement?

Authors

Alex Denne

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