60 Day Notice Of Intent To Sell Template for Singapore

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Key Requirements PROMPT example:

60 Day Notice Of Intent To Sell

"I need a 60 Day Notice Of Intent To Sell for my HDB flat in Tampines, which I plan to sell by March 2025, and I need to ensure it includes proper notification to my current tenants whose lease expires in April 2025."

Document background
The 60 Day Notice Of Intent To Sell is a crucial document in Singapore's property transaction process, used when a property owner decides to sell their property. This notice is particularly important for properties with existing tenants or when dealing with managed properties like condominiums. The document includes essential details such as property information, owner details, intended timeline for sale, and current property status. In Singapore's highly regulated property market, this notice helps ensure compliance with legal requirements and provides clear communication to all relevant parties. It may be required for both private properties and HDB flats, though specific requirements may vary.
Suggested Sections

1. Sender's Details: Full name, address, and contact information of the property owner

2. Property Details: Complete address and description of the property being sold

3. Intent Declaration: Clear statement of intention to sell the property

4. Timeline: Specific date of intended sale and 60-day notice period details

5. Current Property Status: Declaration of current occupancy and any existing tenancies

Optional Sections

1. Reason for Sale: Optional explanation of motivation for selling, if relevant to the notification

2. Property Valuation: Section detailing recent property valuation if available

3. HDB-Specific Details: Required only for HDB properties - including ethnic quota status and eligibility conditions

4. Tenant Information: Details of current tenancy arrangements if property is currently tenanted

Suggested Schedules

1. Property Title Documents: Copy of property title or HDB lease document

2. Floor Plan: Current floor plan of the property

3. Valuation Report: Recent property valuation report if available

4. Tenancy Agreement: Copy of current tenancy agreement if property is tenanted

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

Relevant legal definitions
Clauses
Industries

Residential Property Act: Chapter 274 of Singapore laws governing residential property ownership and transactions, particularly relevant for foreign ownership restrictions

Housing and Development Act: Primary legislation governing public housing (HDB properties) in Singapore, including sales and transfers

Building Maintenance and Strata Management Act: Legislation governing management and transactions of strata-titled properties like condominiums

Common Law Notice Requirements: General principles of reasonable notice periods under Singapore common law for property transactions

HDB Regulations: Specific rules for HDB properties including Minimum Occupation Period (MOP), Ethnic Integration Policy (EIP), and SPR quotas

Planning Act: Legislation governing land use and development control in Singapore

Land Titles Act: Law governing the registration and transfer of land titles in Singapore

ABSD Regulations: Additional Buyer's Stamp Duty rules affecting property transactions and pricing considerations

SSD Timeline Requirements: Seller's Stamp Duty regulations including holding period requirements and tax implications

Landlord and Tenant Act: Laws governing the relationship between landlords and tenants, including notice requirements for termination

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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