Simple Real Estate Contract Template for Singapore

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Key Requirements PROMPT example:

Simple Real Estate Contract

"I need a Simple Real Estate Contract for the purchase of a commercial property in Singapore, with a completion date of March 15, 2025, including specific provisions for existing tenant arrangements and renovation allowances."

Document background
The Simple Real Estate Contract is designed for straightforward property transactions in Singapore's real estate market. It provides a comprehensive framework for both residential and commercial property transfers, ensuring compliance with Singapore's property laws and regulations. This contract type is particularly useful for direct sales between parties, incorporating all essential elements required by Singapore law while maintaining clarity and simplicity. The document includes key provisions for property identification, payment terms, completion requirements, and statutory compliance, making it suitable for most standard property transactions.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names and addresses

2. Background: Context of the transaction and property details

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including address and lot number

5. Purchase Price: Agreed price and payment terms

6. Completion Date: Timeline for transaction completion

7. Title and Ownership: Warranties regarding clean title and ownership

Optional Sections

1. Fixtures and Fittings: List of items included/excluded in sale - use when specific items need to be explicitly included or excluded

2. Tenancy Provisions: Details of existing tenancy - use when property is currently tenanted

3. Renovation Works: Pending or agreed renovation details - use when property requires specific works before completion

Suggested Schedules

1. Property Floor Plan: Detailed layout of the property

2. Inventory List: List of included furnishings and fittings

3. Title Search Results: Official property ownership records

4. Property Tax Statements: Recent property tax assessments

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Civil Law Act (Cap. 43): Primary legislation governing contract formation, enforceability, and general contract law principles in Singapore

Residential Property Act (Cap. 274): Regulates the purchase of residential properties by foreign persons and entities in Singapore

Housing and Development Act (Cap. 129): Governs public housing (HDB) transactions and related regulations in Singapore

Conveyancing and Law of Property Act (Cap. 61): Regulates property transactions, transfer of interests in land, and related legal procedures

Land Titles Act (Cap. 157): Establishes the land registration system and governs property ownership records in Singapore

Planning Act (Cap. 232): Controls land use and property development in Singapore

Singapore Law Society's Conditions of Sale: Standard terms and conditions for property transactions recommended by the Law Society of Singapore

Council for Estate Agencies (CEA) Regulations: Regulatory framework for real estate agencies and agents in Singapore

Stamp Duties Act: Governs stamp duty obligations and tax requirements for property transactions

Property Tax Act: Regulates property tax obligations and assessments for real estate in Singapore

COVID-19 (Temporary Measures) Act 2020: Temporary regulations affecting property transactions during the COVID-19 pandemic period

Capacity Requirements: Legal requirements regarding parties' capacity to enter into property contracts

Foreign Ownership Restrictions: Specific limitations and requirements for foreign buyers of Singapore property

Registration Requirements: Mandatory registration procedures for property transactions with relevant authorities

Title Verification Requirements: Legal requirements for verifying and ensuring clean property title

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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