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Contract For Sale And Purchase Of Land
"I need a Contract For Sale And Purchase Of Land for a commercial property transaction in Singapore, where my company is purchasing a 2-acre industrial plot from ABC Manufacturing Ltd, with completion scheduled for March 2025, including specific provisions for existing tenant rights and environmental compliance."
1. Parties: Details of vendor and purchaser
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 being sold
5. Purchase Price: Amount and payment terms
6. Completion: Timing and requirements for completion
7. Title and Transfer: Provisions regarding property title and transfer process
8. Vendor's Obligations: Responsibilities and warranties of the seller
9. Purchaser's Obligations: Responsibilities and warranties of the buyer
1. Foreign Ownership Approval: Required when purchaser is foreign - includes conditions and requirements for foreign ownership approval
2. Financing Conditions: Terms related to mortgage or financing - includes conditions precedent for loan approval
3. Tenancy Provisions: Details of existing tenancies and provisions for handling current tenants
4. Development Conditions: Requirements for property development and associated conditions
1. Property Schedule: Detailed property specifications and boundaries
2. Title Documents: Copies of relevant title documents
3. Payment Schedule: Breakdown of payment installments and timing
4. Inventory List: List of fixtures and fittings included in sale
5. Property Plans: Floor plans and property drawings
6. Regulatory Approvals: Copies of relevant permits and approvals
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