For Sale By Owner House Contract

For Sale By Owner House Contract Template for Singapore

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Key Requirements PROMPT example:

"I need a For Sale By Owner House Contract for my 3-bedroom HDB flat in Singapore, with completion scheduled for March 2025 and including specific provisions for the buyer's use of CPF funds and retention of all existing kitchen appliances."

Document background

The For Sale By Owner House Contract is utilized when property owners in Singapore choose to sell their property directly to buyers without engaging real estate agents. This document is essential for ensuring legal compliance while protecting both parties' interests in the transaction. It encompasses all necessary elements required under Singapore law, including property details, payment terms, warranties, and completion procedures. The contract must align with various regulatory frameworks including the Conveyancing and Law of Property Act, Land Titles Act, and where applicable, Housing and Development Board regulations.

Suggested Sections

1. Parties: Details of the seller and buyer, including full legal names, identification numbers, and addresses

2. Background: Brief context of the sale, property details, and intention of parties

3. Definitions: Key terms used throughout the contract

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

5. Purchase Price: Agreed purchase price and payment terms

6. Completion: Completion date and procedures for property transfer

7. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition

Optional Sections

1. Fixtures and Fittings: List of items included/excluded in sale - use when specific items need to be clearly identified as included or excluded from the sale

2. Tenancy: Details of existing tenancy - use when property is currently tenanted

3. CPF Usage: Terms regarding use of CPF funds - use when buyer is using CPF funds for purchase

4. Property Tax Apportionment: How property tax will be divided - use when specific tax arrangements need to be made

Suggested Schedules

1. Property Floor Plan: Detailed floor plan of the property

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

3. Title Documents: Copies of relevant title documents

4. Property Tax Statements: Recent property tax statements

5. Maintenance Fee Statements: Recent maintenance fee statements (if applicable)

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Banking
Legal Services
Property Development

Relevant Teams

Legal
Finance
Property Management
Operations
Compliance

Relevant Roles

Property Owner
Legal Counsel
Property Manager
Mortgage Officer
Conveyancing Lawyer

Industries

Sale of Goods Act: Primary legislation (Cap. 393) governing the sale of property and goods in Singapore, establishing basic framework for property transactions

Conveyancing and Law of Property Act: Key legislation (Cap. 61) governing property transactions and transfer of real estate in Singapore, including requirements for valid conveyance

Land Titles Act: Legislation (Cap. 157) governing the registration and transfer of land titles in Singapore, ensuring proper documentation and ownership records

Housing and Development Act: Legislation (Cap. 129) specifically governing HDB properties, including restrictions and requirements for public housing transactions

Residential Property Act: Legislation (Cap. 274) regulating residential property ownership, particularly regarding foreign ownership restrictions

CEA Guidelines: Council for Estate Agencies regulatory guidelines governing property transactions and real estate practices in Singapore

SLA Requirements: Singapore Land Authority requirements for property registration, surveying, and land management

URA Regulations: Urban Redevelopment Authority regulations concerning property development, zoning, and usage

Stamp Duty Requirements: Legal requirements for payment of stamp duties on property transactions, including Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD)

Option to Purchase Requirements: Legal requirements for the Option to Purchase (OTP) document, including format, validity period, and exercise procedures

Property Title Verification: Requirements for verifying clean property title, checking for encumbrances, and conducting title searches

Personal Data Protection Act: Regulations governing the collection, use, and disclosure of personal data in property transactions

Anti-Money Laundering Regulations: Requirements for preventing money laundering in property transactions, including proper documentation and verification of funds

Property Handover Procedures: Legal requirements for property handover, including condition assessment, key handover, and utilities transfer

Default Provisions: Legal requirements for handling contract defaults, including remedies and procedures for breach of contract

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Let's create your For Sale By Owner House Contract

Authors

Alex Denne

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