Intention To Sell Property Letter Template for Singapore

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Key Requirements PROMPT example:

Intention To Sell Property Letter

"I need an Intention To Sell Property Letter for my 3-bedroom HDB flat in Tampines, which I plan to sell for SGD 750,000, with the sale to be handled through PropertyLink Real Estate Agency starting March 2025."

Document background
The Intention To Sell Property Letter is a preliminary document widely used in Singapore's real estate transactions. It serves as an official communication of a property owner's intent to sell their property and provides essential information to interested parties. The document typically precedes the Option to Purchase (OTP) and Sale and Purchase Agreement. While primarily used in private property transactions, it must comply with additional regulations when dealing with HDB properties. The letter includes crucial details such as property specifications, proposed pricing, and any specific conditions of sale, making it an important tool in initiating property transactions in Singapore's regulated real estate market.
Suggested Sections

1. Seller's Details: Full legal name, NRIC/Passport number, and current address of the property owner

2. Property Details: Complete property address, property type, tenure, land area, and other relevant property information

3. Intention Statement: Clear statement of intention to sell the specified property

4. Proposed Price: Intended selling price and any price-related conditions

5. Timeline: Proposed timeline for the sale process and validity period of the intention

Optional Sections

1. Agent Authorization: Details of the appointed real estate agent including CEA registration number, if selling through an agent

2. Special Conditions: Any specific conditions or requirements for the sale

3. Current Tenancy Status: Information about existing tenancy agreements if the property is currently leased

4. Property Condition Declaration: Statement about the current condition of the property and any known defects

Suggested Schedules

1. Property Title Documents: Copies of property ownership documents or HDB lease

2. Property Information: Floor plans, recent photographs, and property specifications

3. Maintenance Records: Recent maintenance fee statements and payment records

4. Regulatory Compliance: Relevant permits, certificates, and compliance documents

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

Industries

Sale of Land Act: Primary legislation governing the sale and transfer of land property in Singapore

Civil Law Act: Fundamental legislation governing contractual relationships and legal obligations in property transactions

Residential Property Act: Regulates the purchase of residential properties by foreign persons and entities in Singapore

Housing and Development Act: Governs public housing (HDB) transactions and related requirements in Singapore

Conveyancing and Law of Property Act: Regulates the transfer of property rights and interests in real estate transactions

Estate Agents Act 2010: Regulates real estate agencies and agents, including their conduct in property transactions

Housing Developers Act: Controls and licenses housing developers, particularly relevant for new property sales

Duties Act: Governs stamp duties including Seller's Stamp Duty (SSD) and Additional Buyer's Stamp Duty (ABSD)

Property Tax Act: Regulates property taxation matters that may affect the sale transaction

Planning Act: Controls land zoning and usage restrictions that may affect property transactions

HDB Regulations: Specific rules governing HDB property transactions including Ethnic Integration Policy and PR Quota

Option to Purchase Requirements: Specific regulations regarding the format and execution of Option to Purchase agreements

Cooling-off Period Regulations: Rules regarding the mandatory cooling-off period for property transactions

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

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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