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Vacant Land Sale Contract
"I need a Vacant Land Sale Contract for a 5,000 square meter industrial plot in Jurong, Singapore, with completion planned for March 2025; the transaction is between two Singapore-registered companies and includes development obligations for a warehouse facility."
1. Parties: Identification of the Vendor and Purchaser with full legal names and registration/identification numbers
2. Background: Context of the sale and brief description of the vacant land
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Detailed description of the vacant land including lot number, title details, and land area
5. Purchase Price: Agreed purchase price and payment terms including deposit and completion payment details
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Completion: Details of the completion process, timing, and requirements
8. Vendor's Warranties: Warranties given by the vendor regarding title, encumbrances, and property condition
9. Purchaser's Warranties: Warranties given by the purchaser regarding capacity to purchase and funding
10. Title and Transfer: Provisions relating to transfer of title and registration requirements
11. Costs and Stamp Duty: Allocation of transaction costs and stamp duty obligations
12. Default and Termination: Consequences of default and termination rights
13. Notices: Process for giving formal notices under the agreement
14. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and variation
15. Execution: Signature blocks and execution requirements
1. Planning Permissions: Required when the sale is conditional on obtaining specific planning permissions or rezoning
2. Environmental Conditions: Used when there are specific environmental requirements or concerns that need to be addressed
3. Foreign Ownership Approval: Required when the purchaser is a foreign person or entity requiring regulatory approval
4. Development Obligations: Used when the sale includes specific requirements for future development of the land
5. Soil Testing: Required when specific soil testing or land condition investigations are needed
6. Existing Tenancies: Used when there are existing tenancies or licenses affecting the land
7. GST Treatment: Required when the transaction has specific GST implications that need to be addressed
8. Agent's Commission: Used when there are real estate agents involved in the transaction
1. Property Description Schedule: Detailed technical description of the land including boundaries, easements, and encumbrances
2. Title Documents: Copies of relevant title documents and certificates
3. Payment Schedule: Detailed breakdown of payment terms and timing
4. Due Diligence Results: Summary of due diligence findings and investigations
5. Planning Certificates: Copies of relevant planning certificates and permissions
6. Site Plan: Survey plan or site plan showing the land boundaries and features
7. Permitted Use: Details of permitted use and development restrictions
8. Outstanding Notices: Copy of any outstanding notices affecting the property
Authors
Property Investment Manager
Land Acquisition Manager
Real Estate Lawyer
Property Director
Development Manager
Urban Planner
Real Estate Agent
Property Valuer
Legal Counsel
Chief Investment Officer
Construction Manager
Environmental Consultant
Compliance Officer
Finance Director
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