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Real Estate Contract Termination Letter
"I need a Real Estate Contract Termination Letter to end my property purchase agreement for a condominium unit in Singapore, as the seller failed to meet the agreed renovation completion deadline of March 15, 2025, and I want to recover my deposit."
1. Sender and Recipient Details: Full names, addresses, and contact information of both parties involved in the contract termination
2. Property Details: Complete address and legal description of the property subject to the contract termination
3. Contract Reference: Details of the original contract including date, reference number, and key terms being terminated
4. Termination Statement: Clear and unambiguous statement declaring the intention to terminate the contract
5. Grounds for Termination: Specific legal and factual reasons for the contract termination, citing relevant contract clauses or laws
6. Effective Date: Specified date when the termination takes effect
1. Deposit Return Details: Information regarding the return of deposits or earnest money, including timeline and method of return
2. Outstanding Payments: Details of any remaining financial obligations or settlements between parties
3. Mutual Release: Statement releasing both parties from future obligations and potential claims
4. Dispute Resolution: Procedures for resolving any disputes arising from the termination
1. Original Contract: Copy of the original real estate contract being terminated
2. Payment Records: Documentation of all payments made and/or to be refunded
3. Property Inspection Report: Current condition report of the property if termination involves property condition issues
4. Supporting Documentation: Any relevant correspondence, notices, or documents supporting the grounds for termination
Authors
Business Day
Contract
Completion Date
Deposit
Effective Date of Termination
Notice Period
Option to Purchase
Original Contract
Party/Parties
Premises
Property
Purchase Price
Real Estate Agency
Refund
Sale and Purchase Agreement
Seller
Purchaser
Termination Date
Termination Notice
Transaction Documents
Property Description
Contract Reference
Grounds for Termination
Effective Date
Return of Deposits
Settlement of Outstanding Payments
Mutual Release
Handover Requirements
Keys and Access
Property Condition
Documentation Requirements
Dispute Resolution
Governing Law
Notice Requirements
Further Assurance
Costs and Expenses
Release of Obligations
Acknowledgment
Severability
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