Letter Of Intent To Sell 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 To Sell 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 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."

Document background
A Letter of Intent to Sell Property serves as a crucial preliminary step in Singapore property transactions, establishing the framework for negotiations between parties. This document is typically used when parties have reached initial agreement on key terms but before proceeding with a formal sale and purchase agreement. The LOI includes essential details such as property description, proposed price, payment terms, and timeline for completion. While most provisions are non-binding, it demonstrates serious intent and can include certain binding elements such as confidentiality and exclusivity periods. Under Singapore's property law framework, this document helps streamline the subsequent legal process and provides clarity on the parties' intentions.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Singapore Land Titles Act (Cap. 157): Primary legislation governing the registration and transfer of land titles in Singapore, establishing the land titles system and procedures for property transactions

Sale of Land Act: Regulates the sale and purchase of land properties in Singapore, including contractual requirements and procedures

Residential Property Act: Controls the purchase of residential properties by foreign persons and entities, including restrictions and approval requirements

Housing and Development Act: Governs public housing (HDB) properties, including rules for purchase, sale, and ownership of HDB flats

Planning Act: Controls land use and development in Singapore, including zoning regulations and development permissions

Property Tax Act: Establishes the framework for property taxation in Singapore, including tax obligations for property owners

Stamp Duties Act: Governs various stamp duties applicable to property transactions, including Buyer's Stamp Duty (BSD)

Additional Buyer's Stamp Duty Regulations: Specifies additional stamp duties for certain categories of property buyers, particularly foreign buyers and entities

Seller's Stamp Duty Regulations: Outlines stamp duties applicable to property sellers, particularly for properties sold within specific holding periods

COVID-19 (Temporary Measures) Act 2020: Temporary legislation providing relief measures for property transactions affected by COVID-19 pandemic

Estate Agents Act: Regulates real estate agencies and agents, establishing professional standards and requirements

Council for Estate Agencies Guidelines: Professional guidelines and standards for real estate agencies and agents in Singapore

Real Estate Developers (Control and Licensing) Act: Regulates real estate developers and their activities in Singapore

Contract Law: Common law principles governing formation and enforcement of contracts in Singapore

Misrepresentation Act: Provides remedies for false or misleading statements made during property transactions

Specific Relief Act: Governs specific performance and other equitable remedies in property transactions

Singapore Civil Law Act: General civil law provisions affecting property transactions and contracts

Personal Data Protection Act: Regulates the collection, use, and disclosure of personal data in property transactions

Anti-Money Laundering Regulations: Requirements for preventing and detecting money laundering in property transactions

Foreign Ownership Restrictions: Regulations governing foreign ownership of properties in Singapore, including approval requirements and restrictions

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

Real Estate Letter Of Intent

find out more

Non Binding Offer

find out more

Non Binding Letter Of Intent

find out more

Letter Of Interest

find out more

Letter Of Intent To Purchase

find out more

Letter Of Intent To Bid

find out more

Letter Of Intent Startup

find out more

Letter Of Intent M&A

find out more

Letter Of Intent Job Offer

find out more

Letter Of Intent For Business

find out more

Letter Of Intent Film Production

find out more

Letter Of Intent Cooperation

find out more

Letter Of Intent

find out more

Grant Letter Of Intent

find out more

Binding Letter Of Intent

find out more

Commercial Real Estate Letter Of Intent

find out more

Non Binding Offer Letter

find out more

Letter To Tenant Of Intent To Sell Property

find out more

Letter Of Intent To Purchase Product

find out more

Letter Of Intent To Continue Teaching

find out more

Letter Of Intent Small Claims Court

find out more

Letter Of Intent Simple

find out more

Letter Of Intent Signature

find out more

Letter Of Intent Salary

find out more

Letter Of Intent In English

find out more

Letter Of Intent In Contract

find out more

Letter Of Intent For Transfer To Another Branch

find out more

Letter Of Intent For Training

find out more

Letter Of Intent For Restaurant Lease

find out more

Letter Of Intent For Renewal

find out more

Letter Of Intent For Product Demonstration

find out more

Letter Of Intent For Payment

find out more

Letter Of Intent For Mayor

find out more

Letter Of Intent For Leave Of Absence

find out more

Letter Of Intent For Business Supplier

find out more

Letter Of Intent For Business Closure

find out more

Letter Of Intent For Administrative Officer

find out more

Letter Of Intent For Accreditation As Contractor

find out more

Letter Of Intent Financial Assistance

find out more

Letter Of Intent Addressed To The Mayor For Scholarship

find out more

Letter Of Interest LOI

find out more

Letter Of Intent To Terminate Lease

find out more

Letter Of Intent To Sell Property

find out more

Letter Of Intent To Sell

find out more

Letter Of Intent To Return To Work After Resignation

find out more

Letter Of Intent To Renew Lease

find out more

Intent To Sell Letter

find out more

Intent To Hire Letter

find out more

Intent Letter For Resignation

find out more

Conditional Letter Of Intent

find out more

Commercial Lease Letter Of Intent

find out more

Candidate Letter Of Intent

find out more

Accreditation Letter Of Intent

find out more

Small Business Letter Of Intent For Business

find out more

Proposal To Lease Commercial Space

find out more

Proposal Letter For Renting Space

find out more

Personal Letter Of Intent

find out more

Non Binding Letter Of Intent To Lease

find out more

Letter Of Intent To Terminate Contract

find out more

Letter Of Intent To Rent

find out more

Letter Of Intent To Purchase Software

find out more

Letter Of Intent To Purchase Equipment

find out more

Letter Of Interest For Construction Project

find out more

Letter Of Interest For Business Partnership

find out more

Letter Of Intent To Open Bank Account

find out more

Letter Of Intent For Working Student

find out more

Letter Of Intent For Work Permit

find out more

Letter Of Intent For Wedding Event

find out more

Letter Of Intent For Vacation Leave

find out more

Letter Of Intent For Trucking Services

find out more

Letter Of Intent For Transportation Services

find out more

Letter Of Intent For Tender

find out more

Letter Of Intent For Startup Business

find out more

Letter Of Intent For Sponsorship

find out more

Letter Of Intent For SME Post

find out more

Letter Of Intent For Seminar

find out more

Letter Of Intent For Scholarship To Governor

find out more

Letter Of Intent For Salary Claim

find out more

Letter Of Intent Science

find out more

Letter Of Intent Project Management

find out more

Letter Of Intent Letter

find out more

Letter Of Intent For Event

find out more

Letter Of Intent For Diesel Purchase

find out more

Letter Of Intent For Demolition

find out more

Letter Of Intent For Dealership

find out more

Letter Of Intent For Construction Permit

find out more

Letter Of Intent For Closing Business

find out more

Letter Of Intent For Business Venture

find out more

Letter Of Intent For Business Permit

find out more

Letter Of Intent For Building Permit

find out more

Letter Of Intent For Bank Account

find out more

Letter Of Intent For Apprenticeship

find out more

Letter Of Intent For Appointment

find out more

Letter Of Intent Expiration Date

find out more

Letter Of Intent Ending

find out more

Letter Of Intent For Program

find out more

Letter Of Intent For Permanent Position

find out more

Letter Of Intent For Payment Arrangement

find out more

Letter Of Intent For Leave

find out more

Letter Of Intent For Gold Purchase

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.