Home For Sale By Owner Contract Template for Singapore

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Key Requirements PROMPT example:

Home For Sale By Owner Contract

"I need a Home For Sale By Owner Contract for selling my 3-bedroom HDB flat in Singapore, with completion set for March 2025 and including special provisions for existing tenant arrangements and a list of built-in appliances that will be included in the sale."

Document background
The Home For Sale By Owner Contract is utilized when property owners in Singapore choose to sell their property directly to buyers without engaging real estate agents. This approach can reduce transaction costs but requires careful attention to legal compliance and documentation. The contract must adhere to Singapore's strict property laws and regulations, including HDB rules for public housing, stamp duty requirements, and foreign ownership restrictions where applicable. It should comprehensively cover all aspects of the property transaction, from payment terms to property handover conditions, while protecting both parties' interests under Singapore law.
Suggested Sections

1. Parties: Details of the seller and buyer, including full legal names and identification

2. Background: Context of the sale and property details

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed description of the property including address, lot number, and specifications

5. Purchase Price: Agreed price and payment terms

6. Payment Schedule: Breakdown of payment installments and timing

7. Completion Date: Timeline for transaction completion

8. Representations and Warranties: Seller's declarations about property condition and ownership

Optional Sections

1. Fixtures and Fittings: List of items included/excluded in sale - use when specific items need to be clarified as included or excluded

2. Mortgage Contingency: Conditions related to buyer's financing - use when buyer requires mortgage financing

3. Property Inspection: Terms for property inspection - use when buyer requests inspection period

4. Tenant Rights: Existing tenant arrangements - use when property is currently tenanted

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property specifications and floor plans

2. Schedule 2 - Inventory List: List of fixtures and fittings included in sale

3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms

4. Appendix A - Property Title Documents: Copies of relevant title documents

5. Appendix B - Property Condition Report: Current condition assessment of property

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

Housing and Development Act: Primary legislation governing HDB properties in Singapore, including regulations for sale, ownership, and transfer of public housing

Residential Property Act: Regulates the purchase and ownership of private residential properties, particularly restrictions on foreign ownership

Sale of Goods Act: Provides legal framework for sale transactions, including property sales and transfer of ownership

Conveyancing and Law of Property Act: Governs the legal transfer of property ownership and related property rights in Singapore

Land Titles Act: Establishes the land titles system and regulates property registration and ownership records

Property Tax Act: Outlines property tax obligations and requirements for property owners

CEA Guidelines: Council for Estate Agencies regulations governing property transactions and real estate practices

MAS Regulations: Monetary Authority of Singapore rules regarding mortgages and property financing

SLA Requirements: Singapore Land Authority guidelines for land ownership and property boundaries

URA Guidelines: Urban Redevelopment Authority regulations on property development and usage

Stamp Duties Act: Governs stamp duty payments including Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), and Seller's Stamp Duty (SSD)

GST Act: Goods and Services Tax implications for property transactions where applicable

Contract Act: Fundamental legislation governing contract formation, validity, and enforcement

Misrepresentation Act: Protects parties against false statements or misrepresentation in property transactions

Option to Purchase Requirements: Legal requirements for creating and executing Option to Purchase agreements 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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