Agreement For Flat Purchase Template for Singapore

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Key Requirements PROMPT example:

Agreement For Flat Purchase

"I need an Agreement For Flat Purchase for a 4-room HDB resale flat in Tampines, with a purchase price of SGD 550,000, where the buyer will be using both CPF funds and a bank loan, with completion scheduled for March 2025."

Document background

The Agreement For Flat Purchase is a fundamental legal document in Singapore's property market, essential for both public and private residential flat transactions. It serves as the primary contract between seller and purchaser, incorporating mandatory requirements under Singapore law, including HDB regulations where applicable. The agreement details property specifications, payment terms, CPF usage, completion timelines, and both parties' obligations. It's particularly crucial given Singapore's unique property ownership rules, ethnic quota policies, and strict regulatory framework for residential property transactions.

Suggested Sections

1. Parties: Identification and details of the seller and purchaser

2. Background: Context of the transaction and property details

3. Definitions: Key terms used throughout the agreement

4. Property Details: Specific description of the property being sold including location, size, and specifications

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

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

7. Seller's Obligations: Commitments and warranties from the seller including property condition and title guarantee

8. Purchaser's Obligations: Commitments and warranties from the purchaser including payment obligations

Optional Sections

1. CPF Usage: Terms relating to Central Provident Fund usage for property purchase

2. Mortgage Financing: Terms relating to bank loans and mortgage conditions

3. En Bloc Provisions: Terms relating to collective sale arrangements and rights

Suggested Schedules

1. Property Schedule: Detailed description of property including floor plan and boundaries

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

3. Payment Schedule: Breakdown of payment instalments, timing and payment methods

4. Title Documents: Copies of relevant title documents and certificates

5. Maintenance Records: History of property maintenance, repairs and improvements

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Banking
Legal Services
Property Development

Relevant Teams

Legal
Real Estate
Finance
Compliance
Operations

Relevant Roles

Property Lawyer
Real Estate Agent
Mortgage Officer
Property Manager
Conveyancing Executive
Legal Counsel
Compliance Officer

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Let's create your Agreement For Flat Purchase

Authors

Alex Denne

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