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Home Owners Contract
"I need a Home Owners Contract for a 3-bedroom condominium unit in Singapore that I'm purchasing from ABC Development for SGD 1.2 million, with completion scheduled for March 2025, including specific clauses about renovation permissions and pool facility usage."
1. Parties: Details of the homeowner and other contracting parties
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the property including address and specifications
5. Purchase Price and Payment Terms: Financial details including price, payment schedule, and method
6. Completion Date: Timeline for property handover and completion
7. Warranties and Representations: Guarantees provided by both parties
1. Renovation Terms: Rules and conditions for property modifications and renovations
2. Maintenance Requirements: Specific maintenance obligations and standards for property upkeep
3. Property Management Rules: Specific rules and regulations for property management within managed developments
1. Property Floor Plan: Detailed layout and architectural plans of the property
2. Inventory List: Comprehensive list of included fixtures, fittings, and appliances
3. Title Documents: Copies of relevant property ownership and title documents
4. Property Inspection Report: Detailed condition report of the property at time of sale
5. Building Specifications: Technical details and specifications of the property construction
Authors
Property
Common Property
Completion Date
Deposit
Development
Effective Date
Encumbrances
Facilities
Force Majeure
Management Corporation
Management Fund
Maintenance Charges
Owner
Permitted Use
Purchase Price
Renovation Works
Share Value
Sinking Fund
Specifications
Strata Title
Subsidiary Proprietor
Term
Title Documents
Unit
Utilities
Warranties
Working Day
Purchase Price and Payment
Completion and Handover
Title and Ownership
Representations and Warranties
Maintenance and Repairs
Insurance
Common Property Rights
Usage Restrictions
Alterations and Improvements
Management Corporation Obligations
Utilities and Services
Property Tax and Outgoings
Default and Remedies
Force Majeure
Assignment and Transfer
Notices
Dispute Resolution
Governing Law
Termination
Indemnification
Entire Agreement
Severability
Variation and Amendment
Costs and Stamp Duty
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