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Advance Agreement For Land Purchase
"I need an Advance Agreement For Land Purchase for a 5,000 square meter industrial plot in Singapore's Jurong area, with completion scheduled for March 2025 and including specific environmental compliance provisions due to the previous manufacturing use of the site."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the land including lot number, location, and size
5. Purchase Price: Amount and payment terms
6. Completion Terms: Timeline and conditions for completion
7. Title and Transfer: Conditions regarding clear title and transfer process
1. Due Diligence: Buyer's investigation rights and process for complex commercial properties or when specifically requested
2. Development Conditions: Specific requirements for property development when land is purchased for development purposes
3. Environmental Provisions: Environmental compliance and remediation requirements for industrial land or potentially contaminated sites
1. Property Plans: Detailed plans and surveys of the land
2. Title Documents: Copies of relevant title documents and searches
3. Payment Schedule: Detailed breakdown of payment terms and timelines
4. Due Diligence Checklist: List of required documents and inspections
5. Regulatory Approvals: Copies of relevant governmental approvals and permits
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