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Commercial Real Estate Purchase And Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Commercial Real Estate Purchase And Sale Agreement

"I need a Commercial Real Estate Purchase And Sale Agreement for acquiring a 5-story office building in Singapore's Central Business District, with existing tenants and completion scheduled for March 2025; the property is GST-registered and we need specific environmental warranties due to the building's age."

Document background
The Commercial Real Estate Purchase And Sale Agreement is a fundamental document used in Singapore for transferring ownership of commercial properties. This comprehensive agreement is essential when parties wish to document the terms and conditions of a commercial property sale, ensuring compliance with Singapore's property laws, tax regulations, and urban planning requirements. It includes detailed provisions about the property, price, payment structure, conditions precedent, warranties, and completion procedures. The agreement must comply with various Singapore regulations including the Conveyancing and Law of Property Act, Land Titles Act, and relevant URA guidelines.
Suggested Sections

1. Parties: Identifies the seller and purchaser with full legal names and registration details

2. Background: Recitals explaining the context of the sale and basic property details

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property including lot number, boundaries, and floor area

5. Purchase Price: Agreement on price and payment terms including deposit arrangements

6. Conditions Precedent: Conditions that must be satisfied before completion

7. Due Diligence: Buyer's inspection rights and due diligence process

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

9. Completion: Completion date, process, and requirements

10. Default: Consequences of default by either party

Optional Sections

1. Tenancies: Details of existing tenancies and their treatment in the sale process

2. GST Provisions: GST treatment of the sale and related obligations

3. Property Management: Interim management arrangements during the sale process

4. Development Conditions: Specific development requirements or restrictions applicable to the property

5. Environmental Provisions: Environmental warranties, indemnities, and compliance requirements

Suggested Schedules

1. Property Schedule: Detailed property information including floor plans and specifications

2. Title Documents: Copies of title documents and encumbrances

3. Existing Tenancies Schedule: List of existing tenancies and lease terms

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

5. Planning Permissions: Relevant planning permissions and certificates

6. Form of Transfer: Standard transfer document to be executed at completion

7. Due Diligence Checklist: List of documents to be provided for due diligence

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

Relevant legal definitions









































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Industries

Civil Law Act (Cap. 43): Core legislation governing contractual relationships and civil obligations in Singapore, providing the fundamental legal framework for property transactions

Conveyancing and Law of Property Act (Cap. 61): Regulates the conveyancing process and property rights, including rules for property transfers and encumbrances

Land Titles Act (Cap. 157): Governs the registration and transfer of land titles in Singapore, establishing the land titles system

Planning Act (Cap. 232): Controls land use and development in Singapore, including zoning regulations and development permissions

Building Control Act (Cap. 29): Regulates building works and ensures compliance with building standards and safety requirements

Stamp Duties Act (Cap. 312): Governs taxation on property transactions, including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD)

Property Tax Act (Cap. 254): Regulates property taxation and assessment of property values for tax purposes

Environmental Protection and Management Act: Ensures environmental protection standards are met in property development and usage

Environmental Public Health Act: Governs public health standards and requirements for commercial properties

Urban Redevelopment Authority Master Plan: Provides comprehensive land use planning guidelines and zoning requirements for properties

Legal Profession Act: Governs the conduct of legal practitioners and requirements for property transactions

Anti-Money Laundering Guidelines: MAS requirements for preventing money laundering in property transactions

Fire Safety Act: Stipulates fire safety requirements and standards for commercial properties

Workplace Safety and Health Act: Ensures safety standards in commercial properties for occupational use

Companies Act: Relevant when dealing with corporate entities in property transactions

GST Act: Governs Goods and Services Tax implications for commercial 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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