Document background
The Real Estate Contract Cancellation Letter is a crucial document in Singapore's property market, used when either party needs to terminate a property sale agreement. It's essential when circumstances necessitate contract termination, such as failure to secure financing, property defects discovery, or mutual agreement to cancel. The document must align with Singapore's property laws and regulations, including HDB rules where applicable. It typically includes details of the original contract, reasons for cancellation, financial implications, and settlement terms. This document is particularly important given Singapore's strict property transaction regulations and the significant financial implications of property deals.
