The For Sale By Owner House Contract is utilized when property owners in Singapore choose to sell their property directly to buyers without engaging real estate agents. This document is essential for ensuring legal compliance while protecting both parties' interests in the transaction. It encompasses all necessary elements required under Singapore law, including property details, payment terms, warranties, and completion procedures. The contract must align with various regulatory frameworks including the Conveyancing and Law of Property Act, Land Titles Act, and where applicable, Housing and Development Board regulations.
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1. Parties: Details of the seller and buyer, including full legal names, identification numbers, and addresses
2. Background: Brief context of the sale, property details, and intention of parties
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the property including lot number, address, size, and boundaries
5. Purchase Price: Agreed purchase price and payment terms
6. Completion: Completion date and procedures for property transfer
7. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition
1. Fixtures and Fittings: List of items included/excluded in sale - use when specific items need to be clearly identified as included or excluded from the sale
2. Tenancy: Details of existing tenancy - use when property is currently tenanted
3. CPF Usage: Terms regarding use of CPF funds - use when buyer is using CPF funds for purchase
4. Property Tax Apportionment: How property tax will be divided - use when specific tax arrangements need to be made
1. Property Floor Plan: Detailed floor plan of the property
2. Inventory List: Detailed list of fixtures and fittings included in sale
3. Title Documents: Copies of relevant title documents
4. Property Tax Statements: Recent property tax statements
5. Maintenance Fee Statements: Recent maintenance fee statements (if applicable)
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