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Purchase Agreement Improved Property
"Need a Purchase Agreement for Improved Property to acquire a commercial building in Singapore's Central Business District, with specific provisions for existing tenants and completion scheduled for March 2025."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background/Recitals: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, boundaries, and improvements
5. Purchase Price: Price and payment terms including deposit requirements
6. Completion: Timeline and requirements for completion of sale
7. Title and Transfer: Provisions regarding clean title transfer and registration
8. Representations and Warranties: Standard warranties about property condition and ownership
9. Governing Law: Singapore law provisions and jurisdiction
1. Conditions Precedent: Specific conditions that must be met before completion, used when there are pending approvals or specific requirements
2. Property Management: Ongoing management arrangements, applicable for properties in managed developments
3. Tenancy Provisions: Existing tenant arrangements, used when property is subject to existing tenancies
4. Stamp Duty Declarations: Special provisions regarding stamp duty obligations, used when parties agree to specific stamp duty arrangements
1. Property Schedule: Detailed property specifications and floor plans
2. Title Documents: Copies of relevant title documents
3. Inventory List: List of fixtures and fittings included in sale
4. Regulatory Approvals: Copies of relevant permits and certificates
5. Property Condition Report: Current condition assessment and any defects
6. Payment Schedule: Detailed breakdown of payment terms and timeline
Authors
Approved Bank
Business Day
Completion
Completion Date
Consideration
Conveyancing Documents
Deposit
Encumbrances
Existing Tenancies
Fixtures and Fittings
GST
Improved Property
Land
Land Title
Option to Purchase
Parties
Payment Schedule
Property
Purchase Price
Purchaser
Relevant Authority
Rules and Regulations
Sale and Purchase
Seller
Singapore Dollar
Stamp Duty
Title Documents
Transfer
Vacant Possession
Vendor's Solicitor
Working Day
Property Description
Purchase Price and Payment
Deposit
Title and Transfer
Completion
Conditions Precedent
Representations and Warranties
Property Condition
Vacant Possession
Existing Tenancies
Fixtures and Fittings
Stamp Duty
Property Tax
GST
Insurance
Default
Termination
Risk and Property
Assignment
Notices
Governing Law
Dispute Resolution
Costs and Expenses
Entire Agreement
Severability
Force Majeure
Third Party Rights
Confidentiality
Further Assurance
Time of Essence
Variations
Counterparts
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