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Contract For The Sale And Purchase Of Land
"Need a Contract For The Sale And Purchase Of Land for a commercial property purchase in Singapore CBD, with completion date set for March 2025 and including provisions for existing tenancies and staged payments."
1. Parties: Details of vendor and purchaser, including identification and address
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 built-up area
5. Purchase Price: Agreement on price and payment terms including deposit
6. Completion: Timeline and conditions for completion of sale
7. Title and Ownership: Warranties regarding clean title and ownership transfer
8. Representations and Warranties: Standard warranties from both parties
1. Foreign Ownership Approval: Required section when purchaser is foreign, including approval requirements under Residential Property Act
2. Development Conditions: Specific conditions related to property development for undeveloped land or property under development
3. Tenancy Provisions: Details of existing tenancies when property is subject to ongoing lease agreements
4. Mortgage Discharge: Terms for discharge of existing mortgage when property has outstanding mortgage
1. Property Details Schedule: Detailed property specifications, floor plans, and boundaries
2. Payment Schedule: Breakdown of payment installments and timeline
3. Title Documents: Copies of relevant title documents and searches
4. Inventory List: List of fixtures and fittings included in sale
5. Existing Tenancy Documents: Copies of existing tenancy agreements if applicable
6. Property Condition Report: Current condition of property and any defects
Authors
Approved Bank
Balance Purchase Price
Business Day
Completion
Completion Date
Deposit
Encumbrances
Estate Duty Clearance
Existing Tenancies
Fixtures and Fittings
Good Title
Land
Laws
Legal Requisitions
Option to Purchase
Party/Parties
Payment Schedule
Permission to Sell
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Related Documents
Relevant Authority
Singapore Dollar/SGD
Stamp Duty
Title Deeds
Transfer
Vacant Possession
Vendor
Vendor's Solicitors
Working Day
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Title and Ownership
Conditions Precedent
Completion
Representations and Warranties
Property Inspection
Vacant Possession
Existing Tenancies
Legal Requisitions
Property Tax and Outgoings
Insurance
Risk and Property Maintenance
Fixtures and Fittings
Foreign Ownership
Stamp Duty
Default
Termination
Time of Essence
Notices
Assignment
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Amendments
Costs and Expenses
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