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Commercial Real Estate Offer To Purchase
"I need a Commercial Real Estate Offer To Purchase for a 5-story office building in Singapore's Central Business District, with a proposed completion date of March 15, 2025, including specific conditions about existing tenancies and renovation permissions."
1. Parties: Details of the purchaser and vendor, including registration numbers and addresses
2. Background: Context of the transaction and property overview
3. Definitions: Key terms used throughout the document
4. Property Description: Detailed description of the property including lot number, floor area, and boundaries
5. Purchase Price: Amount and payment terms including deposit structure and payment milestones
6. Due Diligence: Timeframe, scope and conditions for due diligence investigations
7. Warranties and Representations: Vendor's warranties regarding the property condition, title, and encumbrances
8. Completion: Completion date, requirements, and closing procedures
9. Default and Termination: Consequences of default and termination rights
10. Notices: Process for serving notices between parties
11. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Conditions Precedent: Specific conditions that must be met before completion, such as regulatory approvals or financing conditions
2. Tenant Rights: Provisions relating to existing tenancies and tenant obligations
3. Foreign Ownership Provisions: Special conditions and requirements for foreign buyers
4. GST Provisions: Specific provisions relating to Goods and Services Tax obligations
5. Property Management: Interim property management arrangements between exchange and completion
1. Schedule 1 - Property Details: Detailed property specifications, including floor plans and site maps
2. Schedule 2 - Title Documents: Copies of relevant title documents and encumbrances
3. Schedule 3 - Due Diligence Checklist: Comprehensive list of required due diligence items and documents
4. Schedule 4 - Form of Transfer: Prescribed form for property transfer under Singapore law
5. Schedule 5 - Property Condition Report: Detailed report on current condition of the property and any defects
6. Schedule 6 - Existing Tenancies: Details of current lease agreements and tenant obligations
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