The Real Estate Offer Form is a crucial document in Singapore's property market that initiates the formal purchase process. It is used when a prospective buyer wishes to submit a formal offer to purchase a property, whether residential, commercial, or industrial. The form includes key information such as property details, offer price, payment terms, conditions, and buyer/seller information. It must comply with Singapore's property laws, including the Residential Property Act and CEA guidelines. Once accepted, this offer typically leads to the issuance of an Option to Purchase.
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1. Property Details: Complete description of the property including address, land title particulars, floor area, and property type
2. Purchase Price: Stated purchase price, payment terms, and option fee details
3. Buyer Information: Complete buyer details including citizenship status, contact information, and identification details
4. Seller Information: Complete seller details, ownership confirmation, and contact information
5. Option Terms: Option fee amount, option period duration, and exercise conditions
1. Conditional Clauses: Used when offer is subject to specific conditions such as loan approval or sale of existing property
2. En Bloc Provisions: Required for properties under potential collective sale agreements
3. Tenancy Details: Include if property is currently tenanted, including existing lease terms and conditions
1. Floor Plan: Detailed layout of the property including dimensions and built-up area
2. Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale
3. Title Search: Recent title search showing encumbrances, restrictions, and ownership history
4. Property Tax Statement: Current property tax assessment and payment status
Relevant legal definitions
Property
Purchase Price
Option Fee
Option Period
Completion Date
Buyer
Seller
Option to Purchase
Deposit
Exercise Date
GST
Permitted Use
Property Tax
Encumbrances
Title Deeds
Fixtures and Fittings
Working Day
Completion
Estate Agent
Defects
Floor Area
Strata Title
Common Property
Share Value
Management Corporation
Subsidiary Proprietor
Vacant Possession
Existing Tenancy
Due Diligence Period
Caveat
Purchase Price
Option Fee
Option Period
Completion Date
Buyer
Seller
Option to Purchase
Deposit
Exercise Date
GST
Permitted Use
Property Tax
Encumbrances
Title Deeds
Fixtures and Fittings
Working Day
Completion
Estate Agent
Defects
Floor Area
Strata Title
Common Property
Share Value
Management Corporation
Subsidiary Proprietor
Vacant Possession
Existing Tenancy
Due Diligence Period
Caveat
Clauses
Property Description
Purchase Price
Payment Terms
Option Period
Due Diligence
Property Condition
Warranties
Title and Ownership
Vacant Possession
Existing Tenancies
Completion
Default
Termination
Stamp Duty
Property Tax
GST
Agency Commission
Fixtures and Fittings
Inspection Rights
Conditional Precedents
Representations
Assignment
Notices
Governing Law
Entire Agreement
Force Majeure
Severability
Joint and Several Liability
Time of Essence
Amendments
Purchase Price
Payment Terms
Option Period
Due Diligence
Property Condition
Warranties
Title and Ownership
Vacant Possession
Existing Tenancies
Completion
Default
Termination
Stamp Duty
Property Tax
GST
Agency Commission
Fixtures and Fittings
Inspection Rights
Conditional Precedents
Representations
Assignment
Notices
Governing Law
Entire Agreement
Force Majeure
Severability
Joint and Several Liability
Time of Essence
Amendments
Relevant Industries
Relevant Teams
Relevant Roles
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