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Land Sale Agreement Form
"I need a Land Sale Agreement Form for the purchase of a commercial property in Singapore's Central Business District, with completion set for March 2025 and including specific provisions for existing tenant arrangements and environmental compliance requirements."
1. Parties: Details of vendor and purchaser, including full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, title details
5. Purchase Price: Amount and payment terms
6. Completion: Completion date and requirements
7. Title and Transfer: Provisions regarding clean title and transfer process
8. Representations and Warranties: Standard warranties from both parties
1. Conditions Precedent: Required when sale is subject to specific conditions that must be fulfilled before completion
2. Foreign Ownership Approval: Additional requirements and approvals needed when purchaser is a foreign person/entity
3. Property Tax Apportionment: Specific arrangements for division and payment of property taxes between parties
4. Tenancy Provisions: Provisions dealing with existing tenant arrangements and their rights post-sale
1. Property Schedule: Detailed property description, boundaries, and included fixtures
2. Title Documents: Copies of relevant title documents
3. Payment Schedule: Detailed breakdown of payment terms and timeline
4. Property Plans: Official plans and surveys of the property
5. Existing Encumbrances: List of any existing mortgages, easements, or other encumbrances
6. Inventory: List of included fixtures and fittings
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