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Contract For The Sale And Purchase Of Land
"Need a Contract For The Sale And Purchase Of Land for a commercial property purchase in Singapore CBD, with completion date set for March 2025 and including provisions for existing tenancies and staged payments."
1. Parties: Details of vendor and purchaser, including identification and address
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 lot number, boundaries, and built-up area
5. Purchase Price: Agreement on price and payment terms including deposit
6. Completion: Timeline and conditions for completion of sale
7. Title and Ownership: Warranties regarding clean title and ownership transfer
8. Representations and Warranties: Standard warranties from both parties
1. Foreign Ownership Approval: Required section when purchaser is foreign, including approval requirements under Residential Property Act
2. Development Conditions: Specific conditions related to property development for undeveloped land or property under development
3. Tenancy Provisions: Details of existing tenancies when property is subject to ongoing lease agreements
4. Mortgage Discharge: Terms for discharge of existing mortgage when property has outstanding mortgage
1. Property Details Schedule: Detailed property specifications, floor plans, and boundaries
2. Payment Schedule: Breakdown of payment installments and timeline
3. Title Documents: Copies of relevant title documents and searches
4. Inventory List: List of fixtures and fittings included in sale
5. Existing Tenancy Documents: Copies of existing tenancy agreements if applicable
6. Property Condition Report: Current condition of property and any defects
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