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Rent To Own Contract
"I need a Rent To Own Contract for a three-bedroom condominium in Singapore's District 10, with a 24-month rental period starting March 2025 and a purchase option price of SGD 2.5 million, ensuring compliance with foreign ownership restrictions as the tenant is an expatriate."
1. Parties: Identification and details of the landlord/seller and tenant/buyer
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address and specifications
5. Payment Terms: Rent amounts, purchase price, payment schedule, and credit arrangements
6. Purchase Option Terms: Conditions and process for exercising the option to purchase
7. Maintenance and Repairs: Responsibilities for property maintenance during the rental period
8. Default and Termination: Consequences of default and termination provisions
1. Insurance Requirements: Property insurance obligations and requirements for both parties
2. Property Management: Rules and regulations regarding property management within managed developments
3. Subletting Provisions: Terms and conditions regarding subletting rights and restrictions
4. Renovation Terms: Rules and conditions regarding property modifications and renovations
1. Property Details Schedule: Detailed property specifications and inventory list
2. Payment Schedule: Detailed breakdown of payment obligations and due dates
3. Option to Purchase Form: Standard form template for exercising the purchase option
4. Property Condition Report: Initial condition assessment and documentation of the property
5. Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
Authors
Property
Commencement Date
Completion Date
Deposit
Option Fee
Option Period
Option to Purchase
Purchase Price
Rental Payment
Rental Period
Monthly Rental
Security Deposit
Tenant/Buyer
Landlord/Seller
Permitted Use
Common Property
Exercise Notice
Default Event
Force Majeure
Property Tax
Stamp Duty
Title Deeds
Utilities
Working Day
Maintenance Charges
Property Manager
Management Corporation
Purchaser's Solicitor
Vendor's Solicitor
Renovation Works
Building Rules
Fixtures and Fittings
Purchase Option Exercise Date
Credit Amount
Total Debt Servicing Ratio
Completion Date
Defects
Insurance
Applicable Law
Rental Terms
Purchase Option
Payment Terms
Property Condition
Maintenance and Repairs
Insurance
Default and Termination
Assignment and Subletting
Property Use
Utilities and Services
Access Rights
Alterations and Improvements
Warranties and Representations
Title and Ownership
Stamp Duty
Property Tax
Force Majeure
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Confidentiality
Registration
Time of Essence
Costs and Expenses
Option Exercise
Completion
Indemnification
Property Management
Common Areas
Regulatory Compliance
Environmental Matters
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