The Real Estate Offer To Purchase is a crucial document in Singapore's property market that serves as the initial step in property acquisition. It is used when a potential buyer wishes to formalize their interest in purchasing a property and sets out the key terms of the proposed transaction. The document must comply with Singapore's strict property regulations, including requirements under the Residential Property Act and Housing Development Act. It typically includes essential details such as property specifications, purchase price, payment schedule, and completion dates, while also addressing specific requirements for different property types (HDB, private residential, or commercial).
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1. Parties: Details of the purchaser and vendor, including identification and contact information
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the document
4. Property Description: Detailed description of the property including address, lot number, and specifications
5. Purchase Price: Agreed purchase price and payment terms
6. Option Period: Duration for which the offer is valid
7. Completion Date: Proposed date for completion of the sale
1. Foreigners' Approval: Special conditions and requirements for foreign buyers, including approval from relevant authorities
2. En Bloc Sale Conditions: Special conditions relating to collective sales and associated requirements
3. Tenant Rights: Provisions relating to existing tenancy arrangements and tenant rights
1. Property Floor Plan: Detailed layout and measurements of the property
2. Inventory List: Comprehensive list of fixtures and fittings included in the sale
3. Title Documents: Copies of relevant title documents and certificates
4. Property Tax Statement: Current property tax assessment and payment status
5. Maintenance Fee Schedule: Schedule of maintenance fees for condominiums or properties with ongoing maintenance charges
Relevant legal definitions
Property
Purchase Price
Completion Date
Option Period
Option Fee
Deposit
Exercise Date
Business Day
Certificate of Title
Conveyancing
Encumbrances
Estate in Fee Simple
Fixtures and Fittings
Good Title
Legal Requisitions
Leasehold Interest
Option to Purchase
Party/Parties
Sale and Purchase Agreement
Stamp Duty
Strata Title
Title Deeds
Vacant Possession
Vendor
Purchaser
Working Day
Legal Representative
Property Tax
Maintenance Charges
Common Property
Share Value
Subsidiary Proprietor
Management Corporation
Purchase Price
Completion Date
Option Period
Option Fee
Deposit
Exercise Date
Business Day
Certificate of Title
Conveyancing
Encumbrances
Estate in Fee Simple
Fixtures and Fittings
Good Title
Legal Requisitions
Leasehold Interest
Option to Purchase
Party/Parties
Sale and Purchase Agreement
Stamp Duty
Strata Title
Title Deeds
Vacant Possession
Vendor
Purchaser
Working Day
Legal Representative
Property Tax
Maintenance Charges
Common Property
Share Value
Subsidiary Proprietor
Management Corporation
Clauses
Property Description
Purchase Price
Payment Terms
Option Period
Option Exercise
Completion
Title and Ownership
Representations and Warranties
Property Condition
Vacant Possession
Existing Tenancies
Encumbrances
Property Tax
Maintenance Fees
Legal Requisitions
Stamp Duty
Foreign Ownership
Default and Termination
Time of Essence
Assignment
Force Majeure
Notices
Governing Law
Dispute Resolution
Due Diligence
Property Inspection
Fixtures and Fittings
Insurance
Regulatory Compliance
Costs and Expenses
Purchase Price
Payment Terms
Option Period
Option Exercise
Completion
Title and Ownership
Representations and Warranties
Property Condition
Vacant Possession
Existing Tenancies
Encumbrances
Property Tax
Maintenance Fees
Legal Requisitions
Stamp Duty
Foreign Ownership
Default and Termination
Time of Essence
Assignment
Force Majeure
Notices
Governing Law
Dispute Resolution
Due Diligence
Property Inspection
Fixtures and Fittings
Insurance
Regulatory Compliance
Costs and Expenses
Relevant Industries
Relevant Teams
Relevant Roles
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