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Simple Property Sale Agreement
"I need a Simple Property Sale Agreement for a freehold condominium unit in Singapore, with completion scheduled for March 2025 and including provisions for existing tenants who will remain in the property after the sale."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold
5. Purchase Price: Amount and payment terms
6. Completion: Terms and timing of completion
7. Seller's Warranties: Standard warranties about property title and condition
8. Default Provisions: Consequences of breach by either party
1. Condition of Property: Detailed description of property condition, used when selling older properties or properties with known issues
2. Existing Tenancies: Details of current tenants and leases, applicable when property is sold with sitting tenants
3. GST Provisions: GST handling and requirements, required when seller is GST-registered
4. Property Tax Apportionment: How property tax will be handled between parties when tax period crosses completion date
1. Property Details Schedule: Detailed technical description of property including boundaries and fixtures
2. Inventory List: List of included furnishings or fittings, if any
3. Title Documents: Copies of relevant title documents
4. Payment Schedule: Detailed breakdown of payment terms and timing
Authors
Buyer
Business Day
Completion
Completion Date
Deposit
Encumbrances
Land
Option to Purchase
Parties
Property
Purchase Price
Relevant Authority
Sale and Purchase
Seller
Singapore Dollar
SGD
Title Documents
Transfer
Vacant Possession
Working Day
GST
Property Tax
Certificate of Title
Fixtures and Fittings
Legal Requisitions
Outgoings
Permitted Use
Strata Title
Common Property
Share Value
HDB
Ethnic Integration Policy
Singapore Permanent Resident
Minimum Occupation Period
Resale Levy
HDB Loan
Essential Occupier
Purchase Price and Payment
Property Description
Deposit
Completion
Conditions Precedent
Seller's Warranties
Buyer's Warranties
Title and Ownership
Vacant Possession
Property Condition
Representations
Default and Remedies
Termination
Risk and Insurance
Notices
Assignment
Entire Agreement
Severability
Governing Law
Dispute Resolution
Force Majeure
Costs and Expenses
Tax Matters
Property Tax Apportionment
Existing Tenancies
Fixtures and Fittings
Legal Requisitions
Further Assurance
Time of Essence
HDB Compliance
Ethnic Integration Requirements
Minimum Occupation Period
Resale Eligibility
HDB Approval
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