The Contract To Sell A House is a fundamental legal document in Singapore's property market, essential for formalizing property transactions between sellers and buyers. It ensures compliance with Singapore's strict property regulations, including the Housing and Development Act and Residential Property Act. This document is particularly important given Singapore's unique property landscape, which includes both private properties and HDB flats. The contract typically includes detailed property descriptions, price agreements, completion timelines, and various warranties and representations required under Singapore law.
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Key Requirements PROMPT example:
Contract To Sell A House
"I need a Contract To Sell A House for my 3-bedroom private condominium in Singapore, with completion set for March 2025, including specific provisions for existing tenant arrangements and en bloc potential."
1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Context of the sale and property description
3. Definitions: Key terms used throughout the agreement
4. Property Details: Complete description of property including address, lot number, and size
5. Purchase Price: Agreed price and payment terms
6. Completion Date: Timeline for transaction completion
7. Warranties: Seller's representations about property condition and ownership
1. Financing Conditions: Terms related to mortgage financing - include when buyer requires bank financing
2. Tenant Provisions: Terms relating to existing tenancy - include when property is currently tenanted
3. En Bloc Provisions: Terms relating to collective sale - include for properties potentially subject to en bloc sale
1. Schedule 1 - Property Inventory: List of fixtures and fittings included in sale
2. Schedule 2 - Property Documents: List of title documents and certificates
3. Appendix A - Property Plans: Floor plans and property boundaries
4. Appendix B - Regulatory Approvals: Copies of relevant permits and certificates
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