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Commercial Real Estate Offer To Purchase
"I need a Commercial Real Estate Offer To Purchase for a 5-story office building in Singapore's Central Business District, with a proposed completion date of March 15, 2025, including specific conditions about existing tenancies and renovation permissions."
1. Parties: Details of the purchaser and vendor, including registration numbers and addresses
2. Background: Context of the transaction and property overview
3. Definitions: Key terms used throughout the document
4. Property Description: Detailed description of the property including lot number, floor area, and boundaries
5. Purchase Price: Amount and payment terms including deposit structure and payment milestones
6. Due Diligence: Timeframe, scope and conditions for due diligence investigations
7. Warranties and Representations: Vendor's warranties regarding the property condition, title, and encumbrances
8. Completion: Completion date, requirements, and closing procedures
9. Default and Termination: Consequences of default and termination rights
10. Notices: Process for serving notices between parties
11. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Conditions Precedent: Specific conditions that must be met before completion, such as regulatory approvals or financing conditions
2. Tenant Rights: Provisions relating to existing tenancies and tenant obligations
3. Foreign Ownership Provisions: Special conditions and requirements for foreign buyers
4. GST Provisions: Specific provisions relating to Goods and Services Tax obligations
5. Property Management: Interim property management arrangements between exchange and completion
1. Schedule 1 - Property Details: Detailed property specifications, including floor plans and site maps
2. Schedule 2 - Title Documents: Copies of relevant title documents and encumbrances
3. Schedule 3 - Due Diligence Checklist: Comprehensive list of required due diligence items and documents
4. Schedule 4 - Form of Transfer: Prescribed form for property transfer under Singapore law
5. Schedule 5 - Property Condition Report: Detailed report on current condition of the property and any defects
6. Schedule 6 - Existing Tenancies: Details of current lease agreements and tenant obligations
Authors
Applicable Laws
Approved Use
Building
Business Day
Completion
Completion Date
Conditions Precedent
Deposit
Due Diligence Period
Effective Date
Encumbrances
Environmental Laws
Governmental Authority
Land
Laws
Material Adverse Change
Particulars
Permitted Use
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Relevant Authorities
Sale and Purchase Agreement
Security Deposit
Seller
Seller's Solicitors
Singapore Dollar
Site Plan
Strata Area
Strata Title
Term
Title Documents
URA
Vacant Possession
Valuation Report
Vendor
Assignment and Transfer
Building Condition
Completion
Confidentiality
Conditions Precedent
Default
Deposit Payment
Due Diligence
Encumbrances
Environmental Compliance
Existing Tenancies
Force Majeure
Governing Law
Inspection Rights
Insurance
Legal Compliance
Notices
Payment Terms
Property Description
Property Title
Purchase Price
Regulatory Approvals
Representations and Warranties
Risk and Property
Stamp Duty
Taxes
Termination
Time of Essence
Title Transfer
Vacant Possession
Warranties of Title
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