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Land Contract Agreement
"I need a Land Contract Agreement for the purchase of a 2-acre industrial plot in Singapore's Jurong area, with specific provisions for future development rights and an extended completion period until June 2025."
1. Parties: Details of the vendor and purchaser, including full legal names and addresses
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the land, including lot number, boundaries, and area
5. Purchase Price: Amount and payment terms
6. Completion: Timeline and conditions for completion of sale
7. Title and Transfer: Provisions regarding transfer of title and ownership
8. Warranties: Vendor's warranties regarding the property
1. Foreign Ownership Approval: Required when purchaser is a foreign person under the Residential Property Act
2. Development Conditions: Specific conditions related to property development, required for undeveloped land or properties requiring renovation
3. Tenant Provisions: Details about existing tenancies, required when property is subject to existing tenancies
1. Property Plans: Detailed plans showing property boundaries and features
2. Title Search: Recent title search results from Land Registry
3. Existing Encumbrances: List of any existing mortgages, easements, or other encumbrances
4. Payment Schedule: Detailed breakdown of payment terms and installments
5. Property Condition Report: Current condition of the property and any defects
Authors
Property
Completion Date
Completion
Deposit
Purchase Price
Land
Title Documents
Vacant Possession
Encumbrances
Business Day
Permitted Use
Planning Permission
Certificate of Title
Caveat
Vendor's Solicitors
Purchaser's Solicitors
Relevant Authority
Material Damage
Force Majeure
Existing Tenancies
Requisitions
Defects
Warranties
Transfer Documents
Stamp Duty
GST
Notice
Default Interest
Contract Date
Option to Purchase
Property Tax
Strata Title
Master Plan
Zoning
Property Description
Purchase Price
Payment Terms
Deposit
Title and Transfer
Completion
Vacant Possession
Warranties and Representations
Conditions Precedent
Due Diligence
Property Inspection
Encumbrances
Planning and Zoning
Default and Remedies
Risk and Insurance
Notices
Assignment
Stamp Duty
Property Tax
Existing Tenancies
Force Majeure
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendments
Time of Essence
Costs and Expenses
Further Assurance
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