The Simple Home Purchase Agreement is a fundamental legal document used in Singapore real estate transactions. It serves as the primary contract between buyer and seller, establishing the terms for property transfer. This document is essential for both HDB and private property transactions, incorporating Singapore's strict property regulations, including requirements for stamp duties, ownership restrictions, and mandatory cooling periods. The agreement should be customized based on whether the property is HDB or private, and whether foreign buyers are involved.
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1. Parties: Identification and details of buyer and seller
2. Background: Context of the sale and property details
3. Definitions: Key terms used in the agreement
4. Property Description: Detailed description of the property being sold
5. Purchase Price: Agreed price and payment terms
6. Completion: Timeline and conditions for completion
7. Representations and Warranties: Standard warranties about property ownership and condition
1. Financing Conditions: Terms and conditions related to mortgage financing and loan approval requirements
2. Option to Purchase: Terms and conditions of the option period and exercise process
3. Foreign Ownership Approval: Special conditions and requirements for non-Singaporean/PR buyers
1. Property Floor Plan: Detailed layout and measurements of the property
2. Inventory List: Comprehensive list of fixtures and fittings included in the sale
3. Title Documents: Copies of relevant title documents and certificates
4. Property Tax Records: Recent property tax statements and payment history
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