Unregistered Agreement To Sell With Possession for Singapore

Unregistered Agreement To Sell With Possession Template for Singapore

This document is a legally binding agreement used in Singapore for property transactions where immediate possession is granted before final transfer of title. It outlines the terms of sale, possession conditions, and completion requirements while complying with Singapore property law. The agreement, while unregistered, creates enforceable rights and obligations between parties under Singapore's legal framework, particularly useful in situations requiring early possession arrangements.

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What is a Unregistered Agreement To Sell With Possession?

The Unregistered Agreement To Sell With Possession is commonly used in Singapore's property market when parties wish to arrange for the buyer's early possession of the property before the completion of the sale. This document is particularly relevant in scenarios where renovation works are needed, or when parties prefer a staged completion process. It includes detailed terms about possession rights, maintenance responsibilities, payment schedules, and completion obligations, all while adhering to Singapore's property laws and regulations. The agreement provides a flexible solution for property transactions while maintaining legal protection for both parties.

What sections should be included in a Unregistered Agreement To Sell With Possession?

1. Parties: Details of seller and purchaser

2. Background: Context of the sale and property details

3. Definitions: Key terms used in the agreement

4. Property Description: Detailed description of property being sold

5. Purchase Price: Amount and payment terms

6. Possession Terms: Conditions and timing of possession

7. Completion: Timeline and requirements for completion

8. Representations and Warranties: Seller's declarations about property condition and title

What sections are optional to include in a Unregistered Agreement To Sell With Possession?

1. Renovation Permission: Terms for allowing buyer to renovate before completion

2. Tenant Provisions: Existing tenancy arrangements and handling of current tenants

3. Mortgage Details: Existing mortgage arrangements and clearance requirements

4. Agent Commission: Real estate agent commission details and payment terms

What schedules should be included in a Unregistered Agreement To Sell With Possession?

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

2. Inventory List: List of fixtures and fittings included in sale

3. Payment Schedule: Breakdown of payment installments

4. Property Title Documents: Copies of relevant title documents

5. Condition Report: Current condition of property and any defects

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

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Construction
Property Development
Property Investment

Relevant Teams

Legal
Real Estate
Operations
Finance
Compliance

Relevant Roles

Property Manager
Real Estate Agent
Legal Counsel
Property Developer
Investment Manager

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