Deed Of Absolute Sale Real Property Template for Singapore

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Key Requirements PROMPT example:

Deed Of Absolute Sale Real Property

"I need a Deed of Absolute Sale Real Property for a commercial property sale in Singapore's Central Business District, including specific provisions for existing tenant agreements and a staged payment structure to be completed by March 2025."

Document background
The Deed of Absolute Sale Real Property is a crucial legal instrument in Singapore's property transaction framework. It is used when there is a definitive transfer of real property ownership, with no conditions or reservations attached to the sale. The document must comply with Singapore's strict property laws and regulations, including the Land Titles Act and Residential Property Act. It contains essential elements such as property details, purchase price, payment terms, and warranties of title. This deed is particularly important as it serves as the primary evidence of property ownership transfer and must be registered with the Singapore Land Authority to perfect the buyer's title.
Suggested Sections

1. Parties: Identification of seller and purchaser with complete details

2. Background: Context of the sale and property ownership history

3. Definitions: Key terms used tHRoughout the deed

4. Property Description: Detailed description of the property including lot number, bouNDAries, and area

5. Purchase Price: Agreed purchase price and payment terms

6. Title and Ownership: Warranties of title and transfer of ownership

7. Execution: Signing requirements and witnessing

Optional Sections

1. Conditions Precedent: Conditions that must be met before completion - used when there are specific conditions that must be fulfilled before the sale can complete

2. Tenant Rights: Details of existing tenancies - used when the property is subject to existing tenancies

3. Encumbrances: Details of any existing mortgages or charges - used when the property has existing encumbrances that need to be addressed

Suggested Schedules

1. Property Details Schedule: Detailed technical description of the property including floor plans and bouNDAries

2. Title Documents: Copies of relevant title documents and certificates

3. Inventory Schedule: List of fixtures and fittings included in the sale

4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

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

Relevant legal definitions
Clauses
Industries

Land Titles Act (Chapter 157): Primary legislation governing the registration of land titles, requirements for instruments affecting land, and transfer of titles and interests in land in Singapore

Residential Property Act (Chapter 274): Legislation controlling foreign ownership of residential property in Singapore, including restrictions and requirements for foreign buyers

Housing and Development Act (Chapter 129): Regulates matters relating to HDB flats, including eligibility conditions and restrictions for ownership and transfer

Stamp Duties Act (Chapter 312): Governs stamp duty obligations including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD) for property transactions

Planning Act (Chapter 232): Controls land use, zoning requirements, and property development restrictions in Singapore

Property Tax Act (Chapter 254): Legislation governing property tax obligations and the transfer of tax liability in property transactions

Conveyancing and Law of Property Act (Chapter 61): Sets out legal requirements for property transfers and formal requirements for deeds in Singapore

Civil Law Act (Chapter 43): Establishes fundamental contract law principles and requirements for valid contracts in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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