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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."
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
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
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
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