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Letter Of Intent To Sell Property
"I need a Letter of Intent to Sell Property for my Singapore commercial building at 123 Orchard Road, with a proposed sale price of $15 million and a 45-day exclusivity period starting March 2025."
1. Property Details: Full address and description of the property being sold, including land title particulars and property type
2. Parties Information: Complete details of both seller and potential buyer, including full names, identification numbers, and addresses
3. Purchase Price: Proposed purchase price and payment terms, including any deposit requirements
4. Timeline: Proposed timeline for the transaction completion, including key milestones and deadlines
5. Due Diligence Period: Timeframe for buyer to conduct property investigations and verify property information
1. Exclusivity Period: Terms and duration of exclusive negotiation rights between the parties
2. Conditions Precedent: Specific conditions that must be met before proceeding with the sale, such as bank approval or regulatory clearance
3. Deposit Terms: Details of any good faith deposit, including amount, payment timeline, and refund conditions
4. Property Condition: Current state of the property and any specific inclusions or exclusions in the sale
5. Regulatory Compliance: Specific requirements related to Singapore property regulations, including foreign ownership restrictions if applicable
1. Property Information Schedule: Detailed property specifications, floor plans, and title documents
2. Due Diligence Checklist: Comprehensive list of documents and information required for verification
3. Property Valuation Report: Recent property valuation details and supporting documentation
4. Stamp Duty Schedule: Calculation and breakdown of applicable stamp duties (ABSD/SSD)
5. Timeline Schedule: Detailed timeline of key dates and milestones for the transaction
Authors
Seller
Purchaser
Purchase Price
Completion Date
Deposit
Due Diligence Period
Exclusivity Period
Encumbrances
Title Documents
Valuation Report
Permitted Use
Business Day
Completion
Option Period
Stamp Duty
Property Tax
Estate Agent
Property Holdings
Existing Tenancies
Sale and Purchase Agreement
Conditions Precedent
Binding Effect
Good Faith Deposit
Regulatory Approvals
Purchase Price
Payment Terms
Timeline
Due Diligence
Exclusivity
Non-Binding Nature
Binding Provisions
Confidentiality
Property Access
Conditions Precedent
Good Faith
Deposit
Title and Ownership
Representations and Warranties
Costs and Expenses
Existing Tenancies
Termination
Governing Law
Non-Assignment
Entire Understanding
Notices
Time Period
Property Inspection
Regulatory Compliance
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