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Partial Payment Agreement For House And Lot
"I need a Partial Payment Agreement For House And Lot for a Singapore property valued at $850,000, with monthly installments over 24 months starting March 2025, and specific clauses for foreign buyer restrictions as the purchaser is from Australia."
1. Parties: Details of buyer, seller, and any other relevant parties to the agreement
2. Background: Context of the agreement and general property details
3. Definitions: Key terms used throughout the agreement including property-specific terminology
4. Property Description: Detailed description of the house and lot including address, boundaries, and specifications
5. Purchase Price: Total purchase price and breakdown of payment components
6. Payment Terms: Schedule of payments, installment amounts, and payment due dates
7. Default Provisions: Consequences and remedies in case of payment default
8. Completion: Requirements and conditions for completion of the sale
9. Representations and Warranties: Statements and guarantees made by both parties regarding the property and transaction
10. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Mortgage Provisions: Terms and conditions related to bank financing and mortgage requirements
2. Agent Provisions: Commission structure and responsibilities of real estate agents involved
3. Foreign Ownership Clause: Special requirements and restrictions for non-Singapore citizen buyers
4. Property Management: Arrangements for property management during the payment period
5. Insurance Requirements: Property insurance obligations during the payment period
1. Schedule A - Property Details: Detailed property specifications, floor plans, and lot boundaries
2. Schedule B - Payment Schedule: Detailed breakdown of payment installments with specific dates and amounts
3. Schedule C - Property Documentation: Copies of title deeds, certificates, and other relevant property documents
4. Appendix 1 - Property Photos: Current photographs and documentation of property condition
5. Appendix 2 - Bank Details: Payment account information and banking instructions
Authors
Property
Purchase Price
Down Payment
Installment Payment
Completion Date
Default
Due Date
Effective Date
Encumbrances
Force Majeure
Lot
House
Interest Rate
Late Payment Charges
Legal Title
Mortgage
Option to Purchase
Parties
Payment Schedule
Property Documents
Purchase Deposit
Seller's Solicitor
Buyer's Solicitor
Stamp Duty
Title Deed
Transfer Date
Vacant Possession
Working Day
Certificate of Title
Completion Notice
Default Notice
Fixtures and Fittings
Outstanding Balance
Partial Payment
Payment Terms
Property Tax
Registration Fees
Termination Notice
Purchase Price
Payment Terms
Default
Title Transfer
Representations and Warranties
Property Possession
Conditions Precedent
Due Diligence
Property Inspection
Insurance
Assignment
Termination
Force Majeure
Notices
Dispute Resolution
Governing Law
Amendments
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Property Tax
Maintenance
Utilities
Registration
Stamp Duty
Mortgage
Default Remedies
Time of Essence
Indemnification
Survival
Confidentiality
Third Party Rights
Completion
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