Letter For Down Payment Template for Singapore

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Letter For Down Payment

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Letter For Down Payment

"I need a Letter for Down Payment for a property purchase in Singapore, where my company will pay a 20% deposit of SGD 200,000 to secure a commercial building, with the payment to be made by March 15, 2025, and including specific refund conditions if the main purchase falls through."

Document background
A Letter for Down Payment is commonly used in Singapore when significant transactions require an initial payment to secure the deal. This document serves as official confirmation of the down payment terms, protecting both parties' interests under Singapore law. It typically includes payment details, conditions for refund or forfeiture, and references to the main transaction. The letter is particularly important in high-value purchases where clear documentation of the down payment terms is essential for legal certainty and risk management.
Suggested Sections

1. Sender Details: Full name, address, and contact information of the party making the payment

2. Recipient Details: Full name, address, and contact information of the party receiving the payment

3. Payment Details: Amount, purpose, and reference to the main transaction

4. Payment Terms: Method of payment, due date, and banking details

5. Transaction Reference: Reference to the main transaction or contract this down payment relates to

Optional Sections

1. Refund Conditions: Terms under which the down payment may be refunded, used when there's a possibility of transaction cancellation

2. Security Provisions: Terms regarding how the down payment will be secured, used for large transactions or when required by industry practice

3. Default Consequences: Actions to be taken if full payment is not made, used for significant transactions or high-risk situations

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment installments if applicable

2. Bank Details: Separate attachment with complete banking information

3. Transaction Documentation: References to main contract or transaction 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

Contract Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore, including requirements for offer, acceptance, and consideration

Housing and Development Act: Regulates transactions involving HDB properties and related down payments in Singapore's public housing sector

Residential Property Act: Governs residential property transactions and associated payments in Singapore's private property market

Conveyancing and Law of Property Act: Regulates the transfer of property rights and related transactions, including down payment arrangements

Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects consumer interests in transactions involving down payments

Unfair Contract Terms Act: Regulates unfair terms in contracts, ensuring balanced and fair down payment conditions

Payment Services Act 2019: Regulates payment systems and payment service providers involved in processing down payments

Banking Act: Governs banking operations and transactions related to down payments through financial institutions

Limitation Act: Sets time limits for legal actions related to contract disputes, including down payment claims

Sale of Goods Act: Governs transactions involving the sale of goods and related down payment arrangements

Real Estate Developers (Control and Licensing) Act: Regulates property developers and their handling of down payments in property transactions

Stamp Duties Act: Governs stamp duty requirements for documents related to down payments and property transactions

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

Find the exact document you need

Gifted Deposit Letter

find out more

Down Payment Gift Letter

find out more

Suitability Letter Mortgage

find out more

Mortgage Letter From Bank

find out more

Mortgage And Promissory Note

find out more

Letter Of Intimation Of Mortgage

find out more

Letter For Down Payment

find out more

Home Loan Sanction Letter

find out more

Housing Loan Form

find out more

Gift Letter Form For Mortgage

find out more

Digital Mortgage Deed

find out more

Deposit Gift Letter

find out more

Borrower Authorization Form Mortgage

find out more

Board Resolution For Mortgage Of Property

find out more

Accountants Letter For Mortgage Lender

find out more

Mortgage Facility Letter

find out more

Lender Approval Letter

find out more

Letter Of Employment For Mortgage

find out more

Home Loan Letter

find out more

Home Financing Documents Release Form

find out more

Hardship Affidavit For Mortgage

find out more

Housing Loan Letter

find out more

Request Letter To Bank For Release Mortgage Property

find out more

Mortgage Loan Letter

find out more

Reinstatement Letter Mortgage

find out more

Authorization Letter For Mortgage

find out more

Discharge Of Mortgage Form

find out more

Hardship Mortgage Letter

find out more

Mortgage Loan Denial Letter

find out more

Derogatory Credit Explanation Letter

find out more

Paid In Full Letter From Lender

find out more

Letter Of Intent For Mortgage

find out more

Release Of Mortgage Document

find out more

Payoff Letter From Lender

find out more

Pre Approval Letter For Mortgage Loan

find out more

Home Loan Application Letter

find out more

Gift Letter For Mortgage

find out more

Offer Letter Mortgage

find out more

Mortgage Release Letter

find out more

Mortgage Commitment Letter

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.