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Property Swap Agreement
"Need a Property Swap Agreement for exchanging a commercial warehouse in Jurong with a retail space in Orchard Road, both properties are currently mortgaged and the exchange needs to complete by March 2025."
1. Parties: Identification and details of all parties involved in the property swap
2. Background: Context of the agreement and brief description of the properties to be swapped
3. Definitions: Key terms used throughout the agreement
4. Properties Description: Detailed description of both properties including title details and encumbrances
5. Exchange Terms: Core terms of the swap including valuations and any monetary adjustments
6. Completion Requirements: Steps required for completion and timeline
7. Representations and Warranties: Standard property-related warranties from both parties
8. Tax Obligations: Stamp duty and other tax responsibilities
1. Foreign Ownership Provisions: Required when one or more parties are not Singapore citizens - includes additional approval requirements and restrictions
2. Mortgage Arrangements: Provisions relating to existing mortgages and requirements for discharge or transfer
3. Tenant Provisions: Provisions for handling existing tenancies, including transfer of deposits and notices
4. Valuation Mechanism: Process for independent property valuation when values need to be independently verified
1. Schedule 1 - Property A Details: Complete legal description and title details of first property
2. Schedule 2 - Property B Details: Complete legal description and title details of second property
3. Schedule 3 - Property Plans: Floor plans and location maps of both properties
4. Schedule 4 - Completion Requirements: Detailed checklist of completion requirements
5. Appendix A - Title Searches: Recent title searches for both properties
6. Appendix B - Property Valuations: Independent valuations if required
Authors
Business Day
Completion
Completion Date
Deposit
Encumbrances
Exchange Date
First Property
Second Property
Property A Owner
Property B Owner
Legal Title
Losses
Material Adverse Change
Mortgage
Parties
Permitted Encumbrances
Property Documents
Property Rights
Purchase Price
Registration Authority
Relevant Authority
Singapore Dollars
Stamp Duty
State Title
Strata Title
Tax
Title Deeds
Transfer Documents
Valuation
Valuation Report
Working Hours
Exchange Terms
Valuation
Due Diligence
Title and Ownership
Encumbrances
Completion
Representations and Warranties
Tax Obligations
Transfer Requirements
Registration
Property Condition
Existing Tenancies
Utilities and Services
Insurance
Default and Remedies
Force Majeure
Notices
Confidentiality
Costs and Expenses
Assignment
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendments
Third Party Rights
Counterparts
Time of Essence
Further Assurance
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