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Offer Letter For House
"I need to draft an Offer Letter For House for a 3-bedroom HDB flat in Singapore, with an offer price of SGD 850,000 and an option period of 14 days, including a condition for bank loan approval by March 2025."
1. Property Details: Full address, legal description, and key specifications of the property
2. Offer Price and Payment Terms: Proposed purchase price, payment schedule, and method of payment
3. Buyer Information: Complete details of the potential buyer(s) including full name, NRIC/FIN, contact information
4. Option Period: Duration for which the offer is valid and terms of the Option to Purchase
5. Option Fee: Amount of earnest money to secure the option and payment details
1. Conditions Precedent: Specific conditions that must be met before proceeding with the purchase
2. Financing Arrangements: Details about mortgage arrangements and loan approval requirements
3. Existing Tenancy Details: Information about current tenants and lease arrangements if property is tenanted
4. Property Inspection Clause: Terms regarding property inspection and condition assessment
1. Floor Plan: Detailed layout and measurements of the property
2. Property Valuation Report: Professional valuation report of the property if available
3. Title Search Results: Recent title search showing ownership and encumbrances
4. Property Tax Statement: Current property tax assessment and payment status
5. Inventory List: List of fixtures and fittings included in the sale
Authors
Purchase Price
Option Period
Option Fee
Completion Date
Conveyancing
Title Deed
Deposit
Purchaser
Vendor
Business Day
Completion
Encumbrances
Fixtures and Fittings
Certificate of Title
Stamp Duty
Option to Purchase
Sale and Purchase Agreement
Property Tax
Vacant Possession
Licensed Real Estate Agent
Council for Estate Agencies
HDB
URA
Financing Period
Bank Valuation
Legal Requisitions
Strata Title
Purchase Price
Payment Terms
Option Period
Due Diligence
Financing Conditions
Valuation
Title and Ownership
Property Inspection
Completion Terms
Vacant Possession
Existing Tenancies
Property Tax
Stamp Duty
Representations and Warranties
Defects Liability
Termination
Force Majeure
Governing Law
Notices
Assignment
Encumbrances
Fixtures and Fittings
Legal Costs
Dispute Resolution
Entire Agreement
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