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Agreement To Sell Property

Agreement To Sell Property Template for Singapore

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Key Requirements PROMPT example:

Agreement To Sell Property

"I need an Agreement To Sell Property for my three-bedroom condominium in Singapore's District 10, with completion date set for March 2025 and including specific provisions for existing tenant arrangements that expire in June 2025."

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Document background
The Agreement To Sell Property is a crucial legal document used in Singapore real estate transactions. It serves as the primary contract between property sellers and buyers, establishing the legal framework for the property transfer. This agreement is particularly important as it must comply with Singapore's strict property laws and regulations, including stamp duty requirements, foreign ownership restrictions, and specific rules for different property types (such as HDB properties). The document typically includes comprehensive details about the property, payment terms, warranties, and conditions that protect both parties' interests throughout the transaction.
Suggested Sections

1. Parties: Identifies and defines the seller and purchaser with full legal names and addresses

2. Background: Outlines the context of the sale and basic property information

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, lot number, and specifications

5. Purchase Price: States the agreed purchase price and payment terms

6. Completion Date: Specifies the date for completion of the sale

7. Seller's Warranties: Lists warranties provided by the seller regarding the property

8. Termination Provisions: Conditions under which the agreement can be terminated

Optional Sections

1. Conditions Precedent: Conditions that must be fulfilled before completion - used when there are specific conditions that must be met before sale completion

2. Renovation Works: Details of any agreed renovation or modification works - used when property requires specific modifications before sale

3. Tenant Provisions: Details about existing tenancy agreements - used when property is currently tenanted

Suggested Schedules

1. Property Details Schedule: Detailed technical description of the property including floor plans and specifications

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

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

4. Payment Schedule: Detailed breakdown of payment terms and installments

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































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Industries

Residential Property Act: Chapter 274 of Singapore laws - Governs residential property transactions, particularly restrictions on foreign ownership of residential property in Singapore

Sale of Goods Act: Chapter 393 - Although primarily for goods, certain principles apply to property transactions regarding contract formation and terms

Conveyancing and Law of Property Act: Chapter 61 - Regulates the conveyancing process and property rights in Singapore, including rules for property transfers

Land Titles Act: Chapter 157 - Establishes the land registration system and governs how property ownership is recorded and transferred

Housing and Development Act: Chapter 129 - Regulates public housing (HDB) properties, including sale and purchase restrictions

Planning Act: Chapter 232 - Controls land use and development, affecting property usage and zoning restrictions

Property Tax Act: Chapter 254 - Governs property taxation which must be considered in property transactions

Stamp Duties Act: Chapter 312 - Regulates stamp duties payable on property transactions, including ABSD and SSD

Singapore Civil Law Act: Provides the fundamental framework for contract law in Singapore, including property transactions

Misrepresentation Act: Protects parties against false statements or misrepresentations in property transactions

SLA Regulations: Singapore Land Authority requirements for property registration and transfer

URA Guidelines: Urban Redevelopment Authority guidelines affecting property use and development

CEA Regulations: Council for Estate Agencies regulations governing real estate transactions and agency practices

ABSD Regulations: Additional Buyer's Stamp Duty rules affecting certain categories of property buyers

SSD Regulations: Seller's Stamp Duty rules affecting property sellers within specific holding periods

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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