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Simple Home Purchase Contract
"Need a Simple Home Purchase Contract for buying a 3-bedroom private condominium in Singapore from a foreign seller, with completion date set for March 2025 and including provisions for CPF usage and bank financing."
1. Parties: Identification and details of the buyer and seller, including their full legal names, identification numbers, and addresses
2. Background: Context of the transaction and brief overview of the property sale arrangement
3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Completion Date, etc.
4. Property Description: Detailed description of the property including address, land area, property type, and tenure
5. Purchase Price: Specified purchase price, payment terms, deposit requirements, and balance payment arrangements
6. Completion: Timeline and conditions for completion of the sale, including handover arrangements
7. Seller's Warranties: Seller's representations regarding property ownership, condition, and encumbrances
8. Buyer's Warranties: Buyer's representations regarding financial capacity and eligibility to purchase
9. Title and Transfer: Provisions regarding clean title transfer and registration requirements
10. Termination: Circumstances under which the agreement may be terminated and consequences
1. CPF Usage: Terms and conditions regarding the use of CPF funds for property purchase
2. Mortgage Conditions: Terms relating to property financing and mortgage requirements
3. Existing Tenancy: Provisions dealing with existing tenants and lease arrangements
4. Property Tax and Maintenance: Allocation of responsibility for property tax and maintenance fees
5. Goods and Services Included: List of fixtures, fittings, and other items included or excluded from sale
1. Schedule 1 - Property Details: Detailed property specifications including floor plan and boundaries
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment milestones and amounts
3. Schedule 3 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale
4. Appendix A - Title Documents: Copies of property ownership documents and certificates
5. Appendix B - Property Certificates: Relevant property certificates including Certificate of Title and Statutory Declarations
Authors
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