Deed Of Sale And Deed Of Absolute Sale Template for Singapore

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Key Requirements PROMPT example:

Deed Of Sale And Deed Of Absolute Sale

"I need a Deed of Sale and Deed of Absolute Sale for the transfer of a commercial property in Singapore's Central Business District, with completion scheduled for March 2025, including specific provisions for existing tenancies and CPF usage."

Document background
The Deed of Sale and Deed of Absolute Sale is a crucial legal instrument in Singapore's property market, used when transferring real property ownership. This document is essential for both residential and commercial property transactions, providing a comprehensive record of the sale terms, property details, and ownership transfer. It must comply with Singapore's Land Titles Act, Stamp Duties Act, and other relevant property legislation. The deed is particularly important as it serves as the primary evidence of the transaction and ensures the buyer receives clear title to the property.
Suggested Sections

1. Parties: Details of the seller and purchaser including full legal names and addresses

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 title details

5. Purchase Price: Agreed purchase price and payment terms

6. Title and Ownership: Warranties regarding clear title and ownership transfer

7. Completion: Details of completion date and procedures

Optional Sections

1. Conditions Precedent: Used when specific conditions must be met before completion of the sale

2. CPF Usage: Terms and conditions regarding the use of Central Provident Fund monies for the purchase

3. Tenancy: Details and terms regarding any existing tenancy arrangements affecting the property

Suggested Schedules

1. Property Schedule: Detailed property specifications and included fixtures

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

3. Property Plans: Floor plans, location maps, and other relevant property diagrams

4. Inventory List: Comprehensive list of included furnishings, fixtures, and fittings

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

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships, requirements for valid contracts, and rules regarding property transactions in Singapore

Land Titles Act (Cap. 157): Legislation regulating land ownership and transfers, registration requirements, and establishing the principle of indefeasibility of title

Residential Property Act (Cap. 274): Act governing restrictions on foreign ownership of residential property and establishing requirements for foreign buyers

Stamp Duties Act (Cap. 312): Legislation covering stamp duty obligations, Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD)

Conveyancing and Law of Property Act (Cap. 61): Act establishing rules governing property transfers and legal requirements for property conveyancing

Registration of Deeds Act (Cap. 269): Legislation setting out requirements for deed registration and establishing the legal effect of registration

Rules of Court: Procedural requirements and format/execution requirements for deeds in Singapore

SLA Regulations: Regulations issued by the Singapore Land Authority governing land and property matters

Property Transaction Case Law: Relevant judicial decisions and precedents affecting property transactions in Singapore

HDB Rules: Housing Development Board regulations affecting public housing transactions where applicable

CPF Regulations: Central Provident Fund rules governing the use of CPF funds in property transactions

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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