House Purchase Agreement Form Template for Singapore

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Key Requirements PROMPT example:

House Purchase Agreement Form

"I need a House Purchase Agreement Form for a 3-bedroom private condominium in Singapore, with completion set for March 2025, including provisions for CPF usage and an existing tenant who will remain in the property for 6 months post-completion."

Document background

The House Purchase Agreement Form is the primary legal instrument used in Singapore for residential property transactions. It serves as the definitive contract between buyer and seller, incorporating all essential terms and conditions of the property sale. This document is crucial for both private and HDB property transactions, ensuring compliance with Singapore's strict property regulations and protecting the interests of all parties involved. The agreement covers critical aspects including property details, purchase price, payment terms, warranties, and specific provisions required under Singapore law such as stamp duty obligations and CPF usage where applicable.

Suggested Sections

1. Parties: Identification and details of buyer and seller

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 being sold

5. Purchase Price: Agreement on price and payment terms

6. Completion: Terms and timing of transaction completion

7. Representations and Warranties: Standard promises by both parties regarding the property and transaction

Optional Sections

1. CPF Usage: Terms and conditions relating to the use of Central Provident Fund for property purchase

2. Bank Loan: Terms and conditions relating to mortgage financing

3. En Bloc Provisions: Provisions relating to potential collective sale agreements

4. Tenant Provisions: Terms relating to existing tenancy arrangements and handover

Suggested Schedules

1. Property Schedule: Detailed property specifications, floor plans, and boundaries

2. Inventory List: Comprehensive list of fixtures, fittings, and items included in the sale

3. Payment Schedule: Detailed breakdown of payment milestones and amounts

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

5. Defects List: Itemized list of known defects and agreed repair obligations

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Banking
Legal Services
Property Development

Relevant Teams

Legal
Real Estate
Finance
Compliance
Operations

Relevant Roles

Property Lawyer
Real Estate Agent
Property Manager
Mortgage Advisor
Conveyancing Executive

Industries

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

Residential Property Act: Core legislation governing private residential properties in Singapore, including restrictions on foreign ownership

Sale of Goods Act: Legislation governing the sale and purchase of property as goods, including terms and conditions of sale

Law of Property Act: Fundamental legislation governing property rights, ownership, and transactions in Singapore

Land Titles Act: Legislation governing the registration and transfer of land titles in Singapore

Conveyancing and Law of Property Act: Legislation governing the legal process of transferring property ownership from seller to buyer

HDB Regulations: Specific rules and guidelines set by Housing & Development Board for public housing transactions

SLA Requirements: Singapore Land Authority requirements for property registration and land matters

URA Guidelines: Urban Redevelopment Authority guidelines affecting property usage and development

CPF Rules: Central Provident Fund regulations governing the use of CPF funds for property purchase

Stamp Duties Act: Legislation governing various property-related stamp duties including Buyer's Stamp Duty

ABSD Rules: Additional Buyer's Stamp Duty regulations for certain categories of property buyers

SSD Requirements: Seller's Stamp Duty requirements for properties sold within specific timeframes

Property Tax Regulations: Rules governing property tax calculations and payments

Option to Purchase Requirements: Legal requirements for the Option to Purchase agreement, including validity period and exercise procedures

Payment Schedule Requirements: Regulatory requirements for progressive payment schedules in property transactions

Property Handover Procedures: Legal requirements for proper handover of property including documentation and inspection

Defects Liability Requirements: Legal provisions regarding defects liability period and obligations of sellers/developers

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your House Purchase Agreement Form

Authors

Alex Denne

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