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Letter Of Intent To Sale Property
"I need a Letter of Intent to Sale Property for a residential condo in Singapore, where I'm the buyer offering SGD 2.5 million with a proposed completion date of March 2025, and the property has existing tenants that need to be addressed."
1. Property Details: Full description and address of the property being sold, including lot number, strata title details if applicable
2. Parties Information: Complete details of intended buyer and seller, including identification/registration numbers
3. Purchase Price: Agreed purchase price, payment terms, and deposit amount
4. Timeline: Expected completion date, option period, and key transaction milestones
5. Option Terms: Terms for Option to Purchase, including validity period and exercise conditions
1. Conditions Precedent: Specific conditions that must be met before proceeding with the sale (e.g., bank approval, property inspection)
2. Property Inspection: Terms and conditions for property inspection, including timing and scope
3. Existing Tenancy: Details of existing tenancy arrangements and how they will be handled
4. Foreign Buyer Requirements: Additional requirements if the buyer is a foreigner, including LDAU approval requirements
5. HDB Requirements: Specific requirements if property is HDB, including eligibility conditions
1. Property Floor Plan: Detailed layout and floor plan of the property
2. Title Search Results: Recent title search results showing current ownership and encumbrances
3. Property Tax Statement: Current property tax assessment and payment status
4. Inventory List: Detailed list of furnishings or fixtures included in the sale
5. Regulatory Compliance Checklist: List of regulatory requirements and their status (e.g., stamp duty, ABSD requirements)
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