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Mou Between Buyer And Seller Of Property
"I need a MOU Between Buyer And Seller Of Property for a private residential apartment in Singapore, where I'm the foreign buyer requiring bank financing, and completion needs to be by March 2025."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the transaction and property details
3. Definitions: Key terms used in the MOU
4. Property Details: Specific description of the property being transacted including address, land title details, and property type
5. Purchase Price: Agreed purchase price and payment terms including deposit requirements
6. Timeline: Key dates and milestones for the transaction including completion date
7. Conditions Precedent: Conditions that must be met before proceeding with the sale
1. Due Diligence: Terms for property inspection and verification of property condition and documentation
2. Financing Conditions: Terms related to mortgage or financing arrangements including loan approval requirements
3. Foreign Buyer Provisions: Additional requirements and conditions for foreign buyers under Singapore law
4. Property Management: Terms regarding maintenance and management of the property until completion
5. GST Provisions: Special provisions relating to Goods and Services Tax if applicable
1. Schedule 1 - Property Details: Detailed description of property including floor plans and boundaries
2. Schedule 2 - Payment Schedule: Breakdown of payment milestones, amounts and payment methods
3. Schedule 3 - Inventory List: List of fixtures, fittings and furnishings included in the sale
4. Schedule 4 - Due Diligence Checklist: List of required documents and verifications for the transaction
5. Schedule 5 - Stamp Duty Declaration: Declaration of applicable stamp duties including ABSD if relevant
Authors
Property
Purchase Price
Completion Date
Deposit
Business Day
Parties
Seller
Buyer
Option Fee
Effective Date
Due Diligence Period
Encumbrances
Title Deeds
Completion
Vacant Possession
Fixtures and Fittings
Stamp Duty
Additional Buyer's Stamp Duty (ABSD)
Seller's Stamp Duty (SSD)
Certificate of Title
Strata Title
Share Value
Common Property
Management Corporation
Legal Requisitions
Option to Purchase
Sale and Purchase Agreement
Conveyancing
Force Majeure
Governing Law
Valuation
Property Tax
Permitted Use
Notice
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Representations and Warranties
Completion Requirements
Vacant Possession
Title and Ownership
Encumbrances
Property Inspection
Deposit
Financing
Stamp Duty
Taxes and Fees
Assignment
Default
Termination
Time of Essence
Force Majeure
Notices
Confidentiality
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
Costs and Expenses
Further Assurance
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