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Commercial Property Purchase And Sale Agreement
"I need a Commercial Property Purchase And Sale Agreement for the acquisition of a 5-story office building in Singapore's Central Business District, with existing tenants that need to be retained, and completion scheduled for March 2025."
1. Parties: Identification and details of the Vendor and Purchaser
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 lot number, boundaries, and floor area
5. Purchase Price: Agreement on price and payment terms
6. Completion: Terms and timeline for completing the transaction
7. Title and Transfer: Provisions regarding clean title and transfer procedures
8. Vendor's Warranties: Standard warranties regarding property ownership and condition
9. Default Provisions: Consequences and remedies for breach of agreement
1. Conditions Precedent: Specific conditions that must be met before completion, used when there are specific requirements before completion (e.g., obtaining regulatory approvals)
2. Tenant Rights: Provisions regarding existing tenancies, used when property is sold with existing tenants
3. GST Provisions: Special provisions regarding GST treatment, used when the transaction is subject to GST
4. Environmental Warranties: Specific warranties regarding environmental condition, used for industrial properties or properties with potential environmental concerns
1. Property Schedule: Detailed property information including floor plans and boundaries
2. Inventory Schedule: List of fixtures and fittings included in the sale
3. Title Documents: Copies of relevant title documents
4. Payment Schedule: Detailed breakdown of payment terms and timeline
5. Existing Tenancies: Details of current lease agreements, included when property is sold with existing tenants
6. Property Searches: Results of legal and regulatory searches
7. Building Inspection Report: Technical assessment of property condition
Authors
Business Day
Completion
Completion Date
Deposit
Encumbrances
Existing Tenancies
GST
Land
Legal Requisitions
Option to Purchase
Particulars of Sale
Party/Parties
Permitted Use
Property
Purchase Price
Purchaser
Regulatory Authorities
Relevant Authority
Sale and Purchase
SLA
Stamp Duty
Title Deeds
URA
Vacant Possession
Vendor
Vendor's Solicitors
Working Day
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Title and Transfer
Conditions Precedent
Due Diligence
Completion
Representations and Warranties
Property Condition
Vacant Possession
Existing Tenancies
GST
Stamp Duty
Legal Requisitions
Property Tax
Insurance
Risk and Property Management
Default and Termination
Force Majeure
Assignment
Notices
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Confidentiality
Environmental Compliance
Regulatory Compliance
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