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Estate Contract for Singapore

Estate Contract Template for Singapore

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Estate Contract

"I need an Estate Contract for the sale of a commercial property in Singapore's Central Business District, with a purchase price of $15 million and completion date set for March 15, 2025, including specific provisions for existing tenants and renovation works in progress."

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What is a Estate Contract?

The Estate Contract serves as the primary legal instrument for property transactions in Singapore's real estate market. It is essential when transferring ownership of residential or commercial properties, ensuring compliance with Singapore's strict property regulations. The document incorporates mandatory elements required by Singapore law, including proper party identification, property details, purchase price, payment terms, and completion arrangements. Estate Contracts must account for unique aspects of Singapore's property landscape, such as restrictions on foreign ownership, HDB regulations, and stamp duty requirements.

What sections should be included in a Estate Contract?

1. Parties: Details of the vendor and purchaser, including full legal names and identification

2. Background: Context of the transaction and property details

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed description of the property including address, lot number, and specifications

5. Purchase Price: Amount, payment terms, and schedule

6. Completion Date: Timeline for completion of the transaction

7. Title and Ownership: Warranties regarding clean title and ownership transfer

8. Representations and Warranties: Standard declarations by both parties

What sections are optional to include in a Estate Contract?

1. Tenancy Provisions: Required if property is currently tenanted - includes details of existing tenancy agreements and transfer of tenant deposits

2. En Bloc Provisions: Specific clauses regarding collective sale potential and proceedings

3. Renovation Works: Details of ongoing or planned renovations, including warranties and completion timelines

4. Foreign Ownership Approval: Requirements and conditions for foreign buyers under the Residential Property Act

What schedules should be included in a Estate Contract?

1. Property Floor Plan: Detailed layout and measurements of the property

2. Inventory List: List of fixtures and fittings included in the sale

3. Title Search: Recent title search results showing encumbrances

4. Renovation Plans: Approved renovation plans and permits if applicable

5. Strata Title Information: For apartments/condominiums - share value and management corporation details

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 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

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including specific requirements for contracts relating to land and property transactions

Residential Property Act (Cap. 274): Regulates foreign ownership of residential property and establishes key requirements for property transactions in Singapore

Land Titles Act (Cap. 157): Covers property registration requirements, land title system, transfers, and regulations regarding caveats and encumbrances

Conveyancing and Law of Property Act (Cap. 61): Sets out rules governing property transactions and legal requirements for property transfers in Singapore

Estate Agents Act (Cap. 95A): Outlines regulations concerning estate agents and requirements for property transactions conducted through agents

Stamp Duties Act (Cap. 312): Details stamp duty obligations including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD)

Planning Act (Cap. 232): Establishes zoning regulations and property use restrictions in Singapore

Housing and Development Act (Cap. 129): Governs matters relating to HDB flats, including eligibility criteria and restrictions for public housing

Executive Condominium Housing Scheme Act: Specific legislation governing Executive Condominiums, including special rules and restrictions for this housing type

Building Control Act (Cap. 29): Covers building regulations, requirements, and safety standards for properties in Singapore

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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