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Real Estate Option To Purchase Agreement
"I need a Real Estate Option To Purchase Agreement for a freehold condominium unit in Singapore's District 10, with an option fee of 1% and exercise period of 14 days, to be completed by March 2025, including special provisions for en bloc potential."
1. Parties: Details of the Option Grantor (seller) and Option Holder (buyer)
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific description of the property including address and title details
5. Option Fee: Amount and payment terms of the option fee
6. Exercise Period: Duration and conditions for exercising the option
7. Purchase Price: Total consideration and payment terms
8. Completion: Terms and timing of completion
1. HDB Compliance: Additional terms and declarations required for HDB properties
2. Foreign Ownership Declaration: Additional declarations and requirements for foreign buyers under the Residential Property Act
3. En Bloc Provisions: Special provisions relating to collective sale scenarios
1. Property Details Schedule: Detailed property specifications and floor plan
2. Inventory List: List of fixtures and fittings included in sale
3. Form of Exercise Notice: Template for exercising the option
4. Payment Schedule: Breakdown of payment milestones and payment terms
Authors
Bank
Business Day
Completion
Completion Date
Consideration
Conveyancing Documents
Deposit
Effective Date
Encumbrances
Exercise Notice
Exercise Period
Fixtures and Fittings
Option Fee
Option Grantor
Option Holder
Option Period
Parties
Property
Purchase Price
Relevant Authority
Sale and Purchase Agreement
Singapore Dollar(s)
Stamp Duty
Title Deeds
Vacant Possession
Valuation Report
Working Day
Option Fee
Exercise of Option
Purchase Price
Payment Terms
Property Description
Title and Ownership
Warranties and Representations
Completion
Vacant Possession
Conditions Precedent
Due Diligence
Property Inspection
Existing Tenancies
Fixtures and Fittings
Seller's Covenants
Buyer's Covenants
Default
Termination
Stamp Duty
Assignment
Notices
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Severability
Costs and Expenses
Time of Essence
Confidentiality
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