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Lease Option Agreement Houses For Sale
"I need a Lease Option Agreement Houses For Sale for my Singapore property at 123 Orchard Road, with a 2-year lease term starting March 2025 and an option to purchase at SGD 2.5 million, where the tenant is a foreign national requiring approval under the Residential Property Act."
1. Parties: Identification and details of the option holder and property owner
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Option Grant: Terms of the option, including duration and consideration
5. Property Description: Detailed description of the property including address and title details
6. Purchase Price: Agreed purchase price and payment terms
7. Exercise of Option: Process and conditions for exercising the option
8. Lease Terms: Terms of occupancy during the option period
1. Maintenance Obligations: Special provisions detailing maintenance responsibilities during the option period when significant maintenance or repairs are required
2. Foreign Ownership Provisions: Additional clauses addressing regulatory requirements and restrictions for non-Singapore citizen buyers
3. Property Agent Provisions: Provisions regarding commission structure and property agent responsibilities when agents are involved in the transaction
1. Property Details Schedule: Detailed property specifications, floor plans, and boundaries
2. Inventory List: List of fixtures and fittings included in the sale
3. Payment Schedule: Breakdown of payment terms and deadlines
4. Property Condition Report: Current condition of the property at the time of agreement
5. Required Approvals: List of necessary governmental or regulatory approvals
Authors
Option
Option Period
Option Fee
Exercise Notice
Property
Purchase Price
Completion Date
Lease Term
Lease Commencement Date
Rental Payment
Security Deposit
Optionor
Optionee
Completion
Encumbrances
Title Deeds
Business Day
Stamp Duty
Vacant Possession
Permitted Use
Common Property
Fixtures and Fittings
Building Rules
Force Majeure
Governing Law
GST
Land Registry
Material Breach
Notices
Planning Permission
Rental Period
Solicitors
Working Day
Grant of Option
Option Fee
Exercise of Option
Purchase Price
Lease Terms
Rental Payments
Security Deposit
Property Condition
Maintenance and Repairs
Insurance
Property Use
Assignment and Subletting
Access Rights
Default and Termination
Representations and Warranties
Property Title
Completion
Stamp Duty
Vacant Possession
Utilities and Outgoings
Alterations and Improvements
Notices
Force Majeure
Dispute Resolution
Governing Law
Entire Agreement
Severability
Third Party Rights
Costs and Expenses
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