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Deed Of Sale Agreement Of Immovable Property Template for Singapore

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Key Requirements PROMPT example:

Deed Of Sale Agreement Of Immovable Property

"I need a Deed of Sale Agreement of Immovable Property for a Singapore residential property sale between a foreign buyer and local seller, with completion scheduled for March 2025, that includes specific provisions for ABSD and existing tenant arrangements."

Document background
The Deed of Sale Agreement of Immovable Property is a crucial document in Singapore property transactions, used when transferring ownership of real estate between parties. It serves as conclusive evidence of the transfer and must be properly executed under Singapore law. This document includes essential details such as property description, purchase price, payment terms, completion date, and warranties. It must comply with various Singapore regulations including the Land Titles Act, Residential Property Act, and stamp duty requirements. The agreement is particularly important as it protects both parties' interests and ensures legal compliance in property transactions.
Suggested Sections

1. Parties: Details of vendor and purchaser including full names, identification numbers, and addresses

2. Background: Context of the sale and brief property overview including title details and transaction rationale

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Sale and Purchase: Core terms of the transaction including purchase price, payment schedule, and deposit details

5. Property Details: Comprehensive description of the property including lot number, floor area, boundaries, and included fixtures

6. Completion: Terms and timing of completion, including completion date, venue, and documentation requirements

7. Warranties: Seller's warranties regarding property title, condition, encumbrances, and compliance with laws

8. Title and Transfer: Procedures for title transfer and registration with relevant authorities

9. Stamp Duty: Provisions regarding payment of stamp duty and other applicable taxes

10. Default and Remedies: Consequences of default by either party and available remedies

Optional Sections

1. HDB Compliance: Special provisions for HDB properties including ethnic quota compliance and resale requirements

2. Foreign Ownership: Additional requirements and restrictions for foreign buyers under the Residential Property Act

3. Tenancy Provisions: Terms relating to existing tenancies including assignment or termination of lease agreements

4. Renovation and Alterations: Details of approved renovation works or pending alterations to the property

5. En Bloc Provisions: Terms relating to ongoing or potential en bloc sale proceedings

Suggested Schedules

1. Property Schedule: Detailed property specifications, floor plans, and boundary plans

2. Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale

3. Title Documents: Copies of title deeds, strata title (if applicable), and other relevant property documents

4. Payment Schedule: Detailed breakdown of payment terms including deposit, progressive payments, and completion payment

5. Existing Tenancy Documents: Copies of current tenancy agreements and related correspondence

6. Property Tax and Maintenance Records: Recent property tax bills, maintenance fee statements, and utility bills

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

Residential Property Act: Chapter 274 of Singapore laws - Governs residential property ownership, particularly foreign ownership restrictions and eligibility criteria

Land Titles Act: Chapter 157 of Singapore laws - Regulates the registration and transfer of land titles, establishing the land titles system in Singapore

Housing and Development Act: Chapter 129 of Singapore laws - Governs public housing (HDB properties) transactions and ownership rules

Conveyancing and Law of Property Act: Chapter 61 of Singapore laws - Regulates property transactions and transfer procedures

Sale of Goods Act: Chapter 393 of Singapore laws - Provides general framework for sale transactions, though primarily for movable property

SLA Regulations: Singapore Land Authority regulations governing land ownership, boundaries, and property transactions

URA Guidelines: Urban Redevelopment Authority guidelines on property development and usage

HDB Rules: Housing & Development Board specific rules for public housing transactions and ownership

CEA Regulations: Council for Estate Agencies regulations governing property transactions and real estate agencies

Stamp Duties Act: Legislation governing stamp duty payments on property transactions, including Buyer's Stamp Duty (BSD)

ABSD Requirements: Additional Buyer's Stamp Duty requirements for certain categories of buyers and properties

SSD Requirements: Seller's Stamp Duty requirements applicable to properties sold within specific timeframes

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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