Rental Contract With Option To Buy for Singapore
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Rental Contract With Option To Buy
"I need a Rental Contract With Option to Buy for my 3-bedroom private apartment in Singapore's East Coast area, with a 2-year rental term starting March 2025 and an option to purchase at a fixed price of SGD 1.2 million exercisable after 18 months."
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1. Parties: Details of landlord and tenant including full legal names, identification/registration numbers, and addresses
2. Background: Context of the rental arrangement and option to purchase, including property details and purpose of agreement
3. Definitions: Key terms used tHRoughout the agreement including 'Property', 'Option Period', 'Purchase Price', 'Rental Period'
4. Rental Terms: Comprehensive rental terms including rent amount, payment schedule, security deposit, and duration of lease
5. Option to Purchase Terms: Detailed terms of the purchase option including price, exercise period, and conditions for exercising the option
6. Property Description: Detailed description of the property including address, size, type, and included fixtures
7. Maintenance and Repairs: Rights and obligations regarding property maintenance, repairs, and improvements
8. Termination: Conditions and procedures for early termination, default, and consequences
1. Furnishings: Details of furnished items included in the rental, to be used when property is rented with furnishings
2. Utilities: Allocation of responsibility for utility payments and connections, used when utilities are not included in rent
3. Pets: Rules and conditions regarding pet ownership in the property, included when pets are permitted
4. Subletting: Terms and conditions for subletting the property, included when subletting is allowed
1. Schedule 1 - Property Inventory: Detailed inventory list of all fixtures, fittings, and furnishings included in the property
2. Schedule 2 - Property Condition Report: Comprehensive report documenting the condition of the property at the start of the tenancy
3. Schedule 3 - Option to Purchase Terms: Detailed terms and conditions for exercising the option to purchase
4. Appendix A - Floor Plan: Detailed floor plan showing property layout and measurements
5. Appendix B - Property Title Documents: Copies of relevant property title documents and certificates
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