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Lot Purchase Agreement
"I need a Lot Purchase Agreement for buying an industrial lot in Singapore for $5.2 million, with completion scheduled for March 2025, including specific environmental warranties due to the lot's previous use as a chemical storage facility."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the transaction and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the lot including boundaries and specifications
5. Purchase Price: Amount and payment terms
6. Completion: Timing and process for completion of the sale
7. Title and Transfer: Provisions regarding transfer of ownership
8. Representations and Warranties: Standard warranties about the property and authority to sell
1. Due Diligence: Buyer's right to conduct investigations - typically included for commercial properties or large transactions
2. Environmental Matters: Environmental conditions and obligations - included when property has potential environmental concerns
3. Planning Permissions: Current and future planning restrictions - included when development potential is material to the purchase
4. Tenant Rights: Existing tenancies and obligations - included when property is subject to existing tenancies
1. Property Plan: Detailed plan showing lot boundaries and measurements
2. Title Documents: Copies of relevant title documents
3. Planning Permissions: Copies of relevant planning permissions and restrictions
4. Property Certificates: Relevant property certificates and searches
5. Inventory: List of included fixtures and fittings - included when sale includes specific items beyond the land
Authors
Lot
Property
Purchase Price
Completion Date
Completion
Business Day
Title Documents
Encumbrances
Land Registry
Permitted Use
Planning Permission
Property Plan
Seller's Solicitor
Buyer's Solicitor
Deposit
Balance Purchase Price
Certificate of Title
Vacant Possession
Survey Plan
Effective Date
Execution Date
Force Majeure Event
Government Authority
Intellectual Property Rights
Law
Material Adverse Change
Parties
Singapore Dollar
Taxes
Transfer Documents
Working Day
Zoning Requirements
Purchase Price and Payment
Title and Transfer
Conditions Precedent
Completion
Representations and Warranties
Due Diligence
Property Condition
Vacant Possession
Planning and Zoning
Environmental Matters
Encumbrances
Rights of Way
Easements
Land Use
Compliance with Laws
Assignment
Default
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Registration
Confidentiality
Stamp Duty
Further Assurance
Time of Essence
Indemnification
Amendments
Waiver
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