Commercial Real Estate Contract Template for Singapore

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Key Requirements PROMPT example:

Commercial Real Estate Contract

"I need a Commercial Real Estate Contract for the purchase of a 50,000 square foot industrial warehouse in Singapore's Jurong area, with completion scheduled for March 2025 and including specific provisions for environmental compliance and hazardous material storage."

Document background

Commercial Real Estate Contracts are essential documents for property transactions in Singapore's commercial real estate market. These contracts are used when businesses need to purchase, sell, or lease commercial properties, ensuring compliance with Singapore's robust property laws and regulations. The contract covers crucial elements including property details, payment terms, conditions precedent, and completion requirements. Given Singapore's status as a major business hub, these contracts must adhere to strict legal requirements while protecting the interests of all parties involved.

Suggested Sections

1. Parties: Identification of seller/landlord and buyer/tenant, including registration details and addresses

2. Background: Context of the transaction and property description

3. Definitions: Key terms used throughout the contract

4. Property Details: Detailed description of the property, including lot number, strata title details, and floor area

5. Transaction Terms: Purchase price/rental terms, payment schedule, and completion date

6. Conditions Precedent: Conditions that must be fulfilled before completion

7. Representations and Warranties: Standard declarations by both parties

8. Completion: Process and requirements for completion of the transaction

Optional Sections

1. Tenant Improvements: Details of permitted modifications and requirements for tenant alterations to the property

2. Environmental Matters: Environmental compliance requirements and obligations for properties with specific environmental concerns

3. Property Management: Management and maintenance obligations for multi-tenant properties or specific management arrangements

4. Development Rights: Rights and conditions for future development of the property where development potential exists

Suggested Schedules

1. Schedule 1 - Property Plans: Floor plans, site plans, and boundary plans of the property

2. Schedule 2 - Title Documents: Copy of title search and details of any encumbrances

3. Schedule 3 - Inventory List: Comprehensive list of fixtures and fittings included in the transaction

4. Schedule 4 - Building Inspection Report: Technical assessment of the property condition and compliance status

5. Schedule 5 - Certificates: Relevant certificates including TOP, CSC, fire safety certificates

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

7. Schedule 7 - Service Agreements: Existing service contracts that will be transferred with the property

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
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Logistics
Manufacturing

Relevant Teams

Legal
Real Estate
Finance
Operations
Facilities Management
Business Development
Asset Management
Property Development
Risk Management
Compliance

Relevant Roles

Real Estate Director
Property Manager
Facilities Manager
Legal Counsel
Chief Financial Officer
Business Development Manager
Asset Manager
Property Development Manager
Investment Manager
Operations Director

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Commercial Real Estate Contract

Authors

Alex Denne

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