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Condo Purchase Agreement
"Need a Condo Purchase Agreement for a 3-bedroom unit at Marina Bay Residences in Singapore, where I'm the buyer and require specific terms about existing tenancy that runs until March 2025, plus inclusion of all current furniture and fittings."
1. Parties: Identification of seller and purchaser with full legal names and addresses
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including unit number, floor area, and share value
5. Purchase Price: Agreement on price and payment schedule
6. Payment Terms: Details of deposit, progress payments, and completion payment
7. Completion: Conditions and timing for completion of sale
8. Representations and Warranties: Statements of fact and promises by both parties
9. Title and Ownership: Confirmation of clear title and transfer of ownership
1. Defects Liability: Developer's obligation to rectify defects - used for new or recently completed properties
2. Furniture and Fittings: List of items included in sale - used when property is sold furnished
3. Tenancy: Details of existing tenancy - used when property is sold with sitting tenant
4. Foreign Ownership Approval: Conditions related to foreign buyer approval - used when purchaser is foreign
1. Schedule 1 - Property Details: Detailed property specifications, floor plans, and share value certificate
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment instalments and timing
3. Schedule 3 - Inventory List: List of fixtures, fittings, and furnishings included in sale
4. Appendix A - Strata Title Plan: Copy of registered strata title plan
5. Appendix B - Property Tax Certificate: Current year's property tax assessment
6. Appendix C - Management Corporation Documents: By-laws and house rules of the condominium
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