Apartment Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Apartment Sale Agreement

"I need an Apartment Sale Agreement for a three-bedroom condominium unit in Singapore, where the buyer requires vacant possession by March 2025 and wants to include specific terms about existing renovation works and air-conditioning maintenance contracts."

Document background
The Apartment Sale Agreement is a crucial legal document used in Singapore real estate transactions for transferring apartment ownership. It serves as the primary contract between buyer and seller, incorporating Singapore's strict property regulations and requirements. This document is essential for both private and public housing transactions, though specific terms may vary based on property type (HDB, private condominium, etc.). The agreement includes comprehensive details about the property, financial terms, warranties, and completion requirements, ensuring compliance with Singapore's property laws and protecting both parties' interests.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names and addresses

2. Background: Context of the sale and brief property description

3. Definitions: Key terms used throughout the agreement

4. Property Details: Complete description of property including address, unit number, size, and title details

5. Purchase Price: Agreed price and payment terms

6. Completion: Timeline and conditions for completion of sale

7. Seller's Warranties: Warranties regarding property title, condition, and encumbrances

8. Buyer's Warranties: Warranties regarding financial capability and eligibility to purchase

9. Legal Requirements: Compliance with Singapore property laws and regulations

10. Termination: Circumstances and process for termination of the agreement

Optional Sections

1. Property Agent Details: Details of property agents involved in the transaction

2. Renovation Works: Details of any agreed renovation or modification before handover

3. Tenancy: Details of existing tenancy arrangements if property is currently tenanted

4. Mortgage Details: Information about existing mortgage or financing arrangements

5. En Bloc Provisions: Provisions relating to potential en bloc sale if applicable

Suggested Schedules

1. Schedule 1 - Property Floor Plan: Detailed floor plan of the property

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

3. Schedule 3 - Title Documents: Copies of relevant title documents

4. Schedule 4 - Property Tax Statements: Recent property tax statements

5. Schedule 5 - Maintenance Fee Statements: Recent maintenance fee statements for condominiums

6. Schedule 6 - Payment Schedule: Detailed breakdown of payment terms and timeline

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

Sale of Goods Act (SOGA): Primary legislation governing sale transactions, setting out basic rules for sale contracts in Singapore

Housing and Development Act: Governs public housing (HDB flats) transactions and related regulations in Singapore

Planning Act: Controls land use and property development regulations in Singapore

Building Control Act: Regulates building works and construction standards for properties in Singapore

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

Residential Property Act: Regulates foreign ownership of residential properties in Singapore

Building Maintenance and Strata Management Act: Governs management of strata-titled properties like condominiums and apartment buildings

Conveyancing and Law of Property Act: Regulates property transactions and transfer of real estate in Singapore

Singapore Law Society's Conditions of Sale: Standard terms and conditions for property sales as prescribed by the Law Society

Housing Developers Rules: Regulations governing private property development and sales

Property Tax Act: Legislation governing property taxation and related obligations

Stamp Duties Act: Regulates stamp duties including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD)

COVID-19 (Temporary Measures) Act: Temporary regulations affecting property transactions during the pandemic period

Urban Redevelopment Authority (URA) Guidelines: Regulatory guidelines for urban planning and property development

Housing & Development Board (HDB) Regulations: Specific rules and guidelines for HDB property transactions

Singapore Land Authority (SLA) Requirements: Land ownership and registration requirements

Council for Estate Agencies (CEA) Guidelines: Regulations governing property agents and agencies involved in property transactions

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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