Estate Contract 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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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
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
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
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