Legal Templates
Sales Contract For House

Sales Contract For House Template for Singapore

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Key Requirements PROMPT example:

Sales Contract For House

"I need a Sales Contract For House to purchase a 3-bedroom private condominium in Singapore from a foreign seller, with completion scheduled for March 2025, including specific provisions for existing tenant arrangements and en bloc potential."

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What is a Sales Contract For House?

The Sales Contract For House is a crucial legal document used in Singapore's property market to formalize residential property transactions. It ensures compliance with Singapore's strict property regulations and protects both buyers' and sellers' interests. The contract typically includes essential elements such as property details, purchase price, payment schedule, completion date, and various warranties. It must conform to Singapore's property laws, including foreign ownership restrictions, stamp duty requirements, and specific provisions for different property types (HDB, private property, etc.). This document is particularly important given Singapore's high-value property market and complex regulatory environment.

What sections should be included in a Sales Contract For House?

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

2. Background: Context of the sale and basic property details, including property type and transaction rationale

3. Definitions: Key terms used throughout the agreement, including defined terms for Property, Purchase Price, Completion Date, etc.

4. Property Description: Detailed description of the property being sold, including address, land area, floor area, and lot number

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

6. Completion: Terms and timing of completion, including conditions precedent and completion procedures

7. Title and Transfer: Provisions regarding property title transfer, including warranties of title and transfer procedures

8. Representations and Warranties: Seller's declarations about the property condition, encumbrances, and compliance with laws

What sections are optional to include in a Sales Contract For House?

1. Financing Conditions: Used when buyer requires mortgage financing, including loan approval conditions and timeframes

2. En Bloc Provisions: Provisions relating to potential collective sale scenarios and rights of parties

3. Tenancy Provisions: Provisions dealing with existing tenancy arrangements and handover conditions

4. Foreign Ownership Approval: Special conditions and requirements for foreign buyers under the Residential Property Act

What schedules should be included in a Sales Contract For House?

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

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

3. Title Documents: Copies of title deeds, strata title (if applicable), and other relevant title documents

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

5. Property Tax Certificate: Current property tax assessment and payment status

6. Maintenance Fee Schedule: Details of maintenance fees, sinking fund contributions, and other regular charges

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

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alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Deposit
Title Documents
Encumbrances
Fixtures and Fittings
GST
Land
Law
Option to Purchase
Parties
Seller
Purchaser
Permitted Use
Possession Date
Solicitors
Stamp Duty
Title Deeds
Transfer
Vacant Possession
Valuation
Working Day
Certificate of Title
Common Property
Defects
Due Diligence
Management Corporation
Share Value
Strata Title
Subsidiary Proprietor
Unit
Building Plans
Maintenance Charges
Sinking Fund
Property Tax
Completion Documents
Requisitions
Warranties
Clauses
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Deposit
Completion
Title and Transfer
Vacant Possession
Representations and Warranties
Conditions Precedent
Due Diligence
Property Inspection
Seller's Obligations
Buyer's Obligations
Risk and Insurance
Defects
Taxes and Duties
Existing Tenancies
Maintenance Charges
Default and Termination
Force Majeure
Notices
Assignment
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendments
Joint and Several Liability
Costs and Expenses
Property Management
Access Rights
Fixtures and Fittings
Environmental Matters
Planning and Zoning
Further Assurance
Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations in Singapore

Housing and Development Act (Cap. 129): Regulates HDB properties, including eligibility conditions and restrictions for public housing

Residential Property Act (Cap. 274): Controls foreign ownership of residential properties and specifies approval requirements for foreign buyers

Planning Act (Cap. 232): Governs zoning, land use restrictions, and property development regulations

Land Titles Act (Cap. 157): Regulates property ownership registration and title transfer procedures

Conveyancing and Law of Property Act: Specifies legal requirements for property transactions and transfers

Stamp Duties Act: Covers various property transaction duties including Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD)

COVID-19 (Temporary Measures) Act: Contains temporary provisions affecting property transactions during the pandemic period

Environmental Public Health Act: Outlines property maintenance obligations and health-related requirements

Building Control Act: Specifies building safety and structural requirements for properties

CEA Guidelines: Regulatory guidelines issued by the Council for Estate Agencies for property transactions

MAS Regulations: Monetary Authority of Singapore regulations affecting property financing and transactions

SLA Requirements: Singapore Land Authority requirements for land ownership and registration

URA Guidelines: Urban Redevelopment Authority guidelines for property development and usage

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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