Authorization Letter For Buying Property Template for Singapore

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Key Requirements PROMPT example:

Authorization Letter For Buying Property

"I need an Authorization Letter For Buying Property to allow my sister to purchase a three-bedroom HDB flat in Singapore on my behalf while I'm working overseas, with authority to negotiate up to SGD 750,000 and complete the purchase between January and March 2025."

Document background

An Authorization Letter For Buying Property is a crucial document in Singapore's property market that enables a designated person to act on behalf of another in property transactions. This document is particularly useful when the property buyer cannot be physically present for the transaction process or prefers to delegate the responsibility. It must comply with Singapore's legal framework, including the Residential Property Act and Land Titles Act. The authorization letter typically specifies the property details, scope of authority, and any limitations on the agent's powers. It requires proper witnessing and often notarization to be legally valid.

Suggested Sections

1. Date and Location: Current date and place of execution of the authorization letter

2. Principal's Details: Full name, NRIC/Passport number, and address of the person giving authorization

3. Attorney's Details: Full name, NRIC/Passport number, and address of the authorized person

4. Property Details: Complete description of the property including address, lot number, and other identifying details

5. Scope of Authority: Specific powers being granted regarding the property purchase, including ability to negotiate, sign documents, and complete transactions

6. Duration: Validity period of the authorization and expiry date

7. Signature Block: Space for principal's signature, witness signatures, and date of signing

Optional Sections

1. Transaction Limits: Used when setting specific financial limitations on the attorney's authority for the property purchase

2. Special Conditions: Any specific conditions or restrictions on the attorney's authority in relation to the property purchase

3. Revocation Clause: Terms and conditions under which the authorization can be revoked before its expiry

4. Governing Law: Specific mention of Singapore law as the governing law, particularly relevant for international transactions

Suggested Schedules

1. Schedule A - Identity Documents: Certified copies of NRIC/Passport of principal and attorney

2. Schedule B - Property Information: Property title details, floor plans, and other relevant property documents

3. Schedule C - Witness Attestation: Notary or witness certification details and stamps

4. Schedule D - Powers Granted: Detailed list of specific powers granted to the attorney regarding the property purchase

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
Legal Services
Banking
Property Investment

Relevant Teams

Legal
Real Estate
Compliance
Finance
Operations

Relevant Roles

Real Estate Agent
Property Lawyer
Property Manager
Investment Manager
Conveyancing Officer

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Let's create your Authorization Letter For Buying Property

Authors

Alex Denne

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