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Condo Purchase Agreement
"Need a Condo Purchase Agreement for a 3-bedroom unit at Marina Bay Residences in Singapore, where I'm the buyer and require specific terms about existing tenancy that runs until March 2025, plus inclusion of all current furniture and fittings."
1. Parties: Identification of seller and purchaser with full legal names and addresses
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 unit number, floor area, and share value
5. Purchase Price: Agreement on price and payment schedule
6. Payment Terms: Details of deposit, progress payments, and completion payment
7. Completion: Conditions and timing for completion of sale
8. Representations and Warranties: Statements of fact and promises by both parties
9. Title and Ownership: Confirmation of clear title and transfer of ownership
1. Defects Liability: Developer's obligation to rectify defects - used for new or recently completed properties
2. Furniture and Fittings: List of items included in sale - used when property is sold furnished
3. Tenancy: Details of existing tenancy - used when property is sold with sitting tenant
4. Foreign Ownership Approval: Conditions related to foreign buyer approval - used when purchaser is foreign
1. Schedule 1 - Property Details: Detailed property specifications, floor plans, and share value certificate
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment instalments and timing
3. Schedule 3 - Inventory List: List of fixtures, fittings, and furnishings included in sale
4. Appendix A - Strata Title Plan: Copy of registered strata title plan
5. Appendix B - Property Tax Certificate: Current year's property tax assessment
6. Appendix C - Management Corporation Documents: By-laws and house rules of the condominium
Authors
Property
Purchase Price
Completion Date
Deposit
Common Property
Share Value
Developer
Management Corporation
Strata Title
Defects Liability Period
Fixtures and Fittings
Certificate of Title
Maintenance Charges
Sinking Fund
Subsidiary Proprietor
Permitted Use
Building Plans
Completion Documents
Encumbrances
Force Majeure
GST
Land
Legal Requisitions
Material Damage
Option to Purchase
Party/Parties
Payment Schedule
Progress Payments
Sale and Purchase Agreement
Stamp Duty
Title Deeds
Unit
Vacant Possession
Working Day
Payment Terms
Property Description
Title and Ownership
Completion
Conditions Precedent
Representations and Warranties
Vacant Possession
Defects Liability
Common Property Rights
Management Corporation Obligations
Insurance
Property Tax and Outgoings
Assignment and Transfer
Risk and Property Damage
Default and Termination
Force Majeure
Notices
Stamp Duty
Legal Costs
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendments
Time of Essence
Good Faith
Further Assurance
Survival of Terms
Third Party Rights
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