The Agreement For Sale Of Flat is a crucial document in Singapore's property market, used when transferring ownership of residential properties. It serves as the primary contract between buyer and seller, incorporating mandatory requirements under Singapore law, including HDB regulations where applicable. This agreement details essential elements such as property particulars, purchase price, payment schedule, completion date, and property transfer conditions. It's particularly important given Singapore's strict property ownership rules and the high value of real estate transactions in the jurisdiction.
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1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the sale and property overview
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific description of the flat and included fixtures
5. Purchase Price: Amount and payment terms
6. Completion: Timing and conditions for completion
7. Title and Transfer: Provisions regarding legal title transfer
8. Seller's Warranties: Warranties and representations made by the seller regarding the property
9. Buyer's Warranties: Warranties and representations made by the buyer regarding their capacity to purchase
10. Conditions Precedent: Conditions that must be fulfilled before completion
11. Default and Termination: Consequences of default and termination provisions
12. Miscellaneous: Standard boilerplate provisions including notices, entire agreement, and governing law
1. Mortgage Provisions: Required if property is being purchased with mortgage financing
2. En Bloc Provisions: Provisions relating to collective sale potential
3. Tenant Provisions: Provisions relating to existing tenancy if property is currently tenanted
4. CPF Provisions: Provisions relating to use of CPF funds for property purchase
5. Property Tax Adjustment: Provisions for adjustment of property tax between seller and buyer
1. Property Schedule: Detailed description of property and included items
2. Payment Schedule: Breakdown of payment terms and timeline
3. Title Documents: Copies of relevant title documents
4. Property Plans: Floor plans and location plans
5. Inventory List: List of fixtures and fittings included in sale
6. Defects List: List of known defects in the property
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