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Lease Option Agreement Houses For Sale
"I need a Lease Option Agreement Houses For Sale for my Singapore property at 123 Orchard Road, with a 2-year lease term starting March 2025 and an option to purchase at SGD 2.5 million, where the tenant is a foreign national requiring approval under the Residential Property Act."
1. Parties: Identification and details of the option holder and property owner
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Option Grant: Terms of the option, including duration and consideration
5. Property Description: Detailed description of the property including address and title details
6. Purchase Price: Agreed purchase price and payment terms
7. Exercise of Option: Process and conditions for exercising the option
8. Lease Terms: Terms of occupancy during the option period
1. Maintenance Obligations: Special provisions detailing maintenance responsibilities during the option period when significant maintenance or repairs are required
2. Foreign Ownership Provisions: Additional clauses addressing regulatory requirements and restrictions for non-Singapore citizen buyers
3. Property Agent Provisions: Provisions regarding commission structure and property agent responsibilities when agents are involved in the transaction
1. Property Details Schedule: Detailed property specifications, floor plans, and boundaries
2. Inventory List: List of fixtures and fittings included in the sale
3. Payment Schedule: Breakdown of payment terms and deadlines
4. Property Condition Report: Current condition of the property at the time of agreement
5. Required Approvals: List of necessary governmental or regulatory approvals
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