Letter Of Intent Buying Property 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 Of Intent Buying Property

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 Of Intent Buying Property

"I need a Letter of Intent Buying Property for a commercial building in Singapore's CBD area, with an exclusivity period of 60 days and completion targeted for March 2025, including specific conditions about tenant transfers."

Document background
A Letter of Intent Buying Property is commonly used in Singapore's real estate market as an initial step in property acquisition. It serves as a formal expression of interest before proceeding with the Option to Purchase and final sale agreement. This document typically includes key terms such as proposed purchase price, payment structure, timeline for due diligence, and any specific conditions required by either party. While not legally binding for the main transaction, it helps establish clear communication between parties and can include binding provisions for certain aspects like confidentiality. It's particularly useful in complex property transactions or when dealing with commercial properties in Singapore.
Suggested Sections

1. Property Details: Full address and description of the property including lot number, land area, and property type

2. Intended Purchase Price: Statement of the proposed purchase price and preliminary payment terms

3. Buyer Details: Full identification of the prospective buyer including citizenship status for regulatory compliance

4. Seller Details: Full identification of the current property owner/seller

5. Timeline and Key Dates: Proposed timeline for due diligence, option issuance, and completion of the purchase

Optional Sections

1. Exclusivity Period: Period during which the seller agrees not to negotiate with other potential buyers

2. Financing Conditions: Conditions related to obtaining necessary financing and loans

3. Property Condition Requirements: Specific conditions regarding the state of the property at handover

4. Due Diligence Requirements: Specific requirements for property inspection, title searches, and other investigations

5. Regulatory Compliance: Specific mentions of compliance with Singapore property purchase restrictions and requirements

Suggested Schedules

1. Property Floor Plan: Detailed layout and floor plan of the property

2. Title Search Results: Preliminary title search information and encumbrance details

3. List of Fixtures and Fittings: Inventory of items included or excluded from the sale

4. Property Photographs: Recent photographs of the property's current condition

5. Proposed Payment Schedule: Detailed breakdown of payment milestones and amounts

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

Residential Property Act (RPA): Primary legislation governing residential property ownership in Singapore, particularly important for foreign ownership restrictions

Housing and Development Act: Legislation governing public housing (HDB properties) in Singapore, including ownership and transfer regulations

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

Conveyancing and Law of Property Act: Legal framework for property transactions and transfer of real estate in Singapore

Sale of Commercial Properties Act: Legislation specific to commercial property transactions in Singapore

SLA Regulations: Singapore Land Authority regulations governing land use and property ownership

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

ABSD Rules: Additional Buyer's Stamp Duty regulations affecting property purchase costs

TDSR Framework: Total Debt Servicing Ratio framework limiting borrowing capacity for property purchases

MAS Guidelines: Monetary Authority of Singapore guidelines on property financing and loans

Foreign Ownership Restrictions: Specific restrictions and requirements for foreign buyers purchasing property in Singapore

Property Type Classifications: Different rules and requirements based on property classification (residential vs. commercial)

Stamp Duties Framework: Various stamp duties applicable to property transactions including Buyer's Stamp Duty

Cooling Measures: Government-implemented measures to regulate the property market

Option to Purchase Requirements: Legal requirements for Option to Purchase agreements in property transactions

Property Valuation Rules: Requirements and guidelines for property valuation in purchase 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

Unregistered Agreement To Sell With Possession

find out more

Software Sales Contract

find out more

Small Business Sale Contract

find out more

Simple Home Sale Contract

find out more

Simple Deed Of Sale Of Motor Vehicle

find out more

Sales Rep Contract

find out more

Sales Commission Letter

find out more

Sales Addendum

find out more

Sale Of Bike Agreement

find out more

Sale Deed And Construction Agreement

find out more

Sale Agreement Without Possession

find out more

Sale Agreement For Resale Flat

find out more

Preliminary Contract Of Sale

find out more

Mou Between Buyer And Seller Of Property

find out more

Motor Bike Sale Agreement

find out more

Letter Of Intent Buying Property

find out more

Lease Option Agreement Houses For Sale

find out more

Land Sale Deed

find out more

House S&p Agreement

find out more

Deed Of Sale Of Shares Of Stock

find out more

Deed Of Sale Of Franchise

find out more

Deed Of Sale And Deed Of Absolute Sale

find out more

Contract To Sell With Spa

find out more

Contract To Sell Motor Vehicle

find out more

Conditional Sale Agreement Property

find out more

Conditional Purchase Agreement

find out more

Commercial Real Estate Sales Agreement

find out more

Bill Of Sale Agreement With Payments

find out more

Apartment Sale Contract

find out more

Vessel Purchase And Sale Agreement

find out more

Simple Business Sale Agreement

find out more

Restaurant Sale Agreement

find out more

Sale Of Agreement For Land

find out more

For Sale As Is Contract

find out more

Contract For Vehicle Sale With Payments

find out more

Contract To Sell House By Owner

find out more

Commission Agent Agreement

find out more

Buy Sell Agreement For Small Business

find out more

Contract Of Sale Condominium Unit

find out more

Patent Sale Agreement

find out more

Sales Manager Agreement

find out more

Sale And Contract Of Sale

find out more

Conditional Contract To Sell

find out more

Scrap Sale Agreement

find out more

Sale And Purchase Agreement Spa

find out more

Oil Purchase And Sale Agreement

find out more

Deed Of Sale With Assumption Of Mortgage Car

find out more

Seller Friendly Asset Purchase Agreement

find out more

Simple Car Sale Agreement

find out more

International Contract Of Sale

find out more

Employer Employee Sales Commission Agreement

find out more

Deposit On Sales Contract

find out more

Deed Of Sale Installment Payment

find out more

Contract For Sale Of House And Land

find out more

Conditional Deed Of Sale With Assumption Of Mortgage

find out more

Agreement Sale Deed

find out more

Sales Agreement Terms And Conditions

find out more

Sale Of Medical Practice Agreement

find out more

Deed Of Sale Assumption Of Mortgage

find out more

Deed Of Contract To Sell

find out more

Agreement To Assign Contract For Sale And Purchase

find out more

Agreement For Flat Purchase

find out more

Sales Non Compete Agreement

find out more

Sale Agreement With Possession

find out more

Condominium Purchase Agreement

find out more

Auto Sales Contract

find out more

Assignment Of Purchase Contract

find out more

Agreement Between Buyer And Seller Of Property

find out more

Residential Real Estate Purchase Agreement

find out more

Sale Of Partnership Interest Agreement

find out more

Land Sale Commission Agreement

find out more

Exclusive Rights To Sell Agreement

find out more

Equipment Sales Contract

find out more

Used Equipment Sale Agreement

find out more

Sales And Service Contract

find out more

Sale And Purchase Agreement Key Terms

find out more

Sub Sale Agreement

find out more

Residential Contract Of Sale

find out more

Deposit Agreement Of Purchase And Sale

find out more

Assignment Of Purchase And Sale Agreement

find out more

Simple Purchase And Sale Agreement

find out more

Sale Of Sole Proprietorship Business Agreement

find out more

Purchase Agreement For Land

find out more

Commercial Purchase Contract

find out more

Private Car Sale Deposit Contract

find out more

International Sales Representative Agreement

find out more

Deed Of Agreement For Sale Of Land

find out more

Art Sale Contract

find out more

Ship Sale And Purchase Agreement

find out more

Oil And Gas Purchase And Sale Agreement

find out more

Manufacturers Rep Agreement

find out more

Letter Of Sale Agreement

find out more

Agency Agreement For The Sale Of Residential Property

find out more

Trademark Sale Agreement

find out more

Retail Installment Agreement

find out more

Non Competition Agreement Sale Of Business

find out more

Equipment Purchase And Sale Agreement

find out more

Building Purchase Agreement

find out more

Commercial Sales Agreement

find out more

Simple Purchase Contract

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.