Agreement Of Property Purchase Template for Singapore

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Key Requirements PROMPT example:

Agreement Of Property Purchase

"I need an Agreement Of Property Purchase for a three-bedroom HDB flat in Singapore, where I'm the buyer and require completion by March 2025, with specific provisions for renovation works to be completed before handover."

Document background

The Agreement Of Property Purchase is a crucial legal document used in Singapore real estate transactions to formalize property transfers. It serves as the primary contract between buyers and sellers, incorporating all essential terms of the sale while ensuring compliance with Singapore's property laws and regulations. This agreement is necessary for both private and public (HDB) property transactions, detailing purchase price, payment terms, property specifications, and completion requirements. It must adhere to various Singapore statutes including the Land Titles Act, Residential Property Act, and where applicable, the Housing and Development Act.

Suggested Sections

1. Parties: Details of buyer and seller including identification and contact information

2. Background: Context of the transaction and property details

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including address and lot number

5. Purchase Price: Amount and payment terms

6. Completion: Timeline and conditions for completion of sale

7. Title and Transfer: Warranties regarding title and transfer obligations

Optional Sections

1. HDB Compliance: Special provisions and compliance requirements for HDB properties

2. Foreign Ownership Restrictions: Special provisions when buyer is non-Singaporean, including additional approval requirements

3. En Bloc Provisions: Provisions relating to collective sale scenarios and requirements

Suggested Schedules

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

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

3. Title Documents: Copies of relevant title documents

4. Payment Schedule: Detailed breakdown of payment terms and timeline

5. Property Tax Clearance: Documentation of property tax payments

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 Manager
Real Estate Agent
Legal Counsel
Conveyancing Lawyer
Mortgage Officer

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Let's create your Agreement Of Property Purchase

Authors

Alex Denne

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