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Unilateral Deed Of Absolute Sale

Unilateral Deed Of Absolute Sale Template for Singapore

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Key Requirements PROMPT example:

Unilateral Deed Of Absolute Sale

"I need a Unilateral Deed of Absolute Sale for transferring ownership of my commercial property at 123 Orchard Road, Singapore, to be executed by March 2025, with specific provisions for existing tenant agreements and property tax arrangements."

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What is a Unilateral Deed Of Absolute Sale?

The Unilateral Deed of Absolute Sale is a crucial document in Singapore property transactions where a one-sided transfer of ownership is required. It is commonly used in situations where the buyer's signature is not necessary or practical, such as in court-ordered sales or certain types of property dispositions. The deed must comply with Singapore's strict legal requirements, including proper execution, witnessing, and registration with relevant authorities. It contains detailed property descriptions, consideration amounts, and seller warranties, serving as conclusive evidence of the transfer of ownership rights.

What sections should be included in a Unilateral Deed Of Absolute Sale?

1. Title and Date: Formal deed title, execution date, and deed registration details

2. Parties: Full details of the seller (grantor) including NRIC/registration number and address

3. Recitals: Background information establishing seller's ownership and intention to sell

4. Definitions: Key terms used throughout the deed

5. Property Description: Detailed description of the property including lot number, address, and boundaries

6. Consideration: Purchase price and payment terms

7. Transfer Declaration: Formal declaration of absolute transfer of ownership

8. Seller's Warranties: Warranties regarding title, encumbrances, and property condition

9. Execution Clause: Formal execution block with witness requirements

What sections are optional to include in a Unilateral Deed Of Absolute Sale?

1. Condition of Property: Details of property condition, used when selling 'as-is'

2. Existing Tenancies: Details of any existing tenancies, used when property is sold with sitting tenants

3. Tax Provisions: Specific tax arrangements, used when special tax considerations apply

What schedules should be included in a Unilateral Deed Of Absolute Sale?

1. Property Schedule: Detailed property description including floor plans and boundaries

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

3. Payment Schedule: If payment is to be made in installments

4. Property Inventory: List of fixtures and fittings included in the sale

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

alex.den.21@genieai.co
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Industries

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

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

Land Titles Act (Cap. 157): Governs registered land matters, including requirements for title registration and transfer procedures

Stamp Duties Act (Cap. 312): Covers stamp duty obligations, including timing, payment requirements, applicable rates and exemptions for property transactions

Sale of Goods Act (Cap. 393): Regulates transactions involving goods, defining rights and obligations of parties in sale contracts

Property Tax Act (Cap. 254): Addresses property tax implications and tax clearance requirements for property transactions

Residential Property Act (Cap. 274): Regulates residential property ownership, including restrictions on foreign ownership in Singapore

Singapore Law of Contract: Common law principles and precedents governing contract formation and enforcement in Singapore

Singapore Land Authority Guidelines: Administrative guidelines and requirements for property transactions issued by the national land authority

IRAS Requirements: Tax-related requirements and procedures established by the Inland Revenue Authority of Singapore for 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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