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Advance Agreement For Land Purchase
"I need an Advance Agreement For Land Purchase for a 5,000 square meter industrial plot in Singapore's Jurong area, with completion scheduled for March 2025 and including specific environmental compliance provisions due to the previous manufacturing use of the site."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the land including lot number, location, and size
5. Purchase Price: Amount and payment terms
6. Completion Terms: Timeline and conditions for completion
7. Title and Transfer: Conditions regarding clear title and transfer process
1. Due Diligence: Buyer's investigation rights and process for complex commercial properties or when specifically requested
2. Development Conditions: Specific requirements for property development when land is purchased for development purposes
3. Environmental Provisions: Environmental compliance and remediation requirements for industrial land or potentially contaminated sites
1. Property Plans: Detailed plans and surveys of the land
2. Title Documents: Copies of relevant title documents and searches
3. Payment Schedule: Detailed breakdown of payment terms and timelines
4. Due Diligence Checklist: List of required documents and inspections
5. Regulatory Approvals: Copies of relevant governmental approvals and permits
Authors
Business Day
Completion
Completion Date
Deposit
Encumbrances
Land
Option Period
Purchase Price
Property
Title Documents
Transfer Date
Permitted Use
Planning Permission
Relevant Authority
Seller's Solicitors
Purchaser's Solicitors
Stamp Duty
Survey Plan
Vacant Possession
Certificate of Title
Completion Notice
Due Diligence Period
Environmental Laws
Force Majeure Event
Land Registry
Material Adverse Change
Outstanding Payment
Singapore Dollar
Taxes
Warranties
Zoning Requirements
Building Plans
Development Charge
Legal Requisitions
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Due Diligence
Title and Transfer
Conditions Precedent
Completion
Warranties and Representations
Seller's Covenants
Purchaser's Covenants
Property Condition
Environmental Matters
Planning and Zoning
Regulatory Compliance
Stamp Duty
Default
Termination
Force Majeure
Assignment
Notices
Confidentiality
Costs and Expenses
Time of Essence
Entire Agreement
Severability
Governing Law
Dispute Resolution
Third Party Rights
Amendments
Further Assurance
Surviving Provisions
Registration
Risk and Insurance
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