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Purchase Deed Template for Singapore

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Key Requirements PROMPT example:

Purchase Deed

"I need a Purchase Deed for the sale of a commercial property in Singapore's Central Business District, with completion scheduled for March 2025, including provisions for existing tenancies and partial payment tHRough CPF funds."

What is a Purchase Deed?

A Purchase Deed is a crucial legal instrument in Singapore's property transaction framework, used to transfer real property ownership from one party to another. This document is essential for both residential and commercial property transactions in Singapore, requiring strict compliance with local property laws and regulations. The Purchase Deed must contain specific details about the property, parties involved, consideration, and various warranties and representations as required under Singapore law. It serves as the primary evidence of property transfer and must be properly executed and registered with the Singapore Land Authority to be legally effective.

What sections should be included in a Purchase Deed?

1. Parties: Details of the vendor and purchaser, including full legal names and identification

2. Background: Brief description of the property and context of the sale

3. Definitions: Key terms used tHRoughout the deed

4. Property Description: Detailed legal description of the property being transferred

5. Consideration: Purchase price and payment terms

6. Transfer of Title: Terms of property transfer and warranties of title

7. Execution: Signing requirements and attestation

What sections are optional to include in a Purchase Deed?

1. Existing Tenancies: Details of any existing tenancies, used when property is sold with tenants in situ

2. CPF Usage: Terms relating to CPF funds usage, included when buyer uses CPF funds

3. Mortgage Details: Information about existing or new mortgages, included when property is mortgaged

4. Foreign Ownership Declaration: Required when purchaser is a foreign person or entity

What schedules should be included in a Purchase Deed?

1. Property Schedule: Detailed description of the property including floor plans and bouNDAries

2. Inventory Schedule: List of fixtures and fittings included in the sale

3. Title Documents: Copies of relevant title documents and certificates

4. Regulatory Approvals: Copies of necessary governmental or regulatory approvals

5. Property Tax Certificates: Current property tax assessment and payment status

Authors

Alex Denne

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

Relevant legal definitions





























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Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including requirements for valid contracts in Singapore

Conveyancing and Law of Property Act (Cap. 61): Regulates property transactions, requirements for valid property transfers, and legal formalities for deeds

Land Titles Act (Cap. 157): Covers registration requirements, legal effects of registration, and indefeasibility of title for property transactions

Residential Property Act (Cap. 274): Establishes restrictions on foreign ownership and requirements for residential property transactions

Stamp Duties Act (Cap. 312): Governs stamp duty obligations, payment requirements, timelines, and Additional Buyer's Stamp Duty (ABSD) considerations

Singapore Land Authority Requirements: Administrative and regulatory requirements set by SLA for property transactions and land management

Housing Development Board Rules: Specific regulations governing HDB properties and their transaction requirements (if applicable)

Central Provident Fund Rules: Regulations regarding the use of CPF funds in property purchases and related requirements

Property Tax Regulations: Rules governing property tax obligations and assessments for property owners

Real Estate Agent Regulations: Guidelines and requirements for real estate agents involved in property transactions

Singapore Law Society's Conveyancing Practice Rules: Professional guidelines and requirements for lawyers handling property transactions

Council for Estate Agencies Guidelines: Regulatory framework and guidelines for real estate agencies and agents

Monetary Authority of Singapore Regulations: Financial regulations affecting mortgage financing and property transactions

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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