The Real Estate Contract is a fundamental document used in Singapore property transactions, essential for both residential and commercial property transfers. It ensures compliance with Singapore's comprehensive property laws, including the Residential Property Act and Housing Development Act. The contract typically includes detailed property descriptions, purchase price, payment terms, completion timeline, and specific provisions required by Singapore law. It's particularly important given Singapore's unique property ownership restrictions, stamp duty requirements, and strict regulatory framework for both local and foreign property ownership.
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1. Parties: Identification and details of the buyer and seller
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 address and lot number
5. Purchase Price: Amount and payment terms
6. Completion: Timeline and conditions for completion
7. Title and Transfer: Provisions regarding property title transfer
1. Mortgage Provisions: Required if buyer is obtaining mortgage financing - applies when property purchase involves bank financing
2. En Bloc Provisions: Rights and obligations regarding collective sale - applicable for private residential properties
3. Tenancy Provisions: Details of existing tenancy if property is sold with sitting tenants
1. Property Schedule: Detailed inventory of fixtures and fittings included in sale
2. Title Documents: Copies of relevant title documents
3. Floor Plan: Official floor plan of the property
4. Payment Schedule: Detailed breakdown of payment milestones
5. Certificates: Relevant certificates including TOP/CSC if applicable
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Deposit
Balance Purchase Price
Title Documents
Completion
Vacant Possession
Encumbrances
Certificate of Title
Fixtures and Fittings
Working Day
Option to Purchase
Purchaser
Vendor
Property Tax
Stamp Duty
Defects
Force Majeure
Land Area
Floor Area
Strata Title
Common Property
Share Value
Lease Term
Management Corporation
Subsidiary Proprietor
Maintenance Charges
Transfer Date
Legal Requisitions
Planning Permission
Building Plans
Temporary Occupation Permit
Certificate of Statutory Completion
Termination
Default
Notices
GST
Warranties
Property
Purchase Price
Completion Date
Deposit
Balance Purchase Price
Title Documents
Completion
Vacant Possession
Encumbrances
Certificate of Title
Fixtures and Fittings
Working Day
Option to Purchase
Purchaser
Vendor
Property Tax
Stamp Duty
Defects
Force Majeure
Land Area
Floor Area
Strata Title
Common Property
Share Value
Lease Term
Management Corporation
Subsidiary Proprietor
Maintenance Charges
Transfer Date
Legal Requisitions
Planning Permission
Building Plans
Temporary Occupation Permit
Certificate of Statutory Completion
Termination
Default
Notices
GST
Warranties
Clauses
Property Description
Purchase Price
Payment Terms
Completion
Title and Transfer
Vacant Possession
Representations and Warranties
Condition of Property
Fixtures and Fittings
Property Tax and Outgoings
Stamp Duty
Default and Remedies
Risk and Insurance
Inspection Rights
Legal Requisitions
Planning and Zoning
Assignment
Force Majeure
Notices
Governing Law
Dispute Resolution
Termination
Costs and Expenses
Entire Agreement
Severability
Amendments
Time of Essence
Joint and Several Liability
Maintenance Obligations
Property Management
Existing Tenancies
Defects Liability
Environmental Compliance
Building Compliance
Registration Requirements
Purchase Price
Payment Terms
Completion
Title and Transfer
Vacant Possession
Representations and Warranties
Condition of Property
Fixtures and Fittings
Property Tax and Outgoings
Stamp Duty
Default and Remedies
Risk and Insurance
Inspection Rights
Legal Requisitions
Planning and Zoning
Assignment
Force Majeure
Notices
Governing Law
Dispute Resolution
Termination
Costs and Expenses
Entire Agreement
Severability
Amendments
Time of Essence
Joint and Several Liability
Maintenance Obligations
Property Management
Existing Tenancies
Defects Liability
Environmental Compliance
Building Compliance
Registration Requirements
Relevant Industries
Relevant Teams
Relevant Roles
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