Private Sale Home Purchase Agreement

Private Sale Home Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Private Sale Home Purchase Agreement for a 3-bedroom condominium in Singapore, with completion date set for March 2025, including specific provisions for existing tenant arrangements and renovation works to be completed before handover."

Document background

The Private Sale Home Purchase Agreement is a crucial document used in Singapore's real estate transactions when a property is sold directly between private parties without going through an auction or public tender. This agreement serves as the primary contract governing the sale and purchase of residential property, ensuring compliance with Singapore's property laws and regulations. It includes essential details such as property specifications, purchase price, payment schedule, completion terms, and various warranties. The document is particularly important as it provides legal protection for both parties and serves as the basis for the property transfer process in Singapore's land registry system.

Suggested Sections

1. Parties: Identifies and provides details of the seller and purchaser

2. Background: Provides context about the property and transaction

3. Definitions: Defines key terms used throughout the agreement

4. Property Details: Detailed description of the property being sold

5. Purchase Price: States the agreed purchase price and payment terms

6. Completion: Details of the completion date and process

7. Seller's Warranties: Warranties provided by the seller regarding the property

8. Title and Transfer: Provisions regarding clean title and transfer process

Optional Sections

1. Conditions Precedent: Used when there are specific conditions that must be fulfilled before the sale can proceed

2. Renovation Works: Used when the property requires specific modifications before completion

3. Tenant Provisions: Used when the property is currently tenanted and includes provisions relating to existing tenants

4. Mortgage Details: Used when the property has an existing mortgage that needs to be discharged

Suggested Schedules

1. Property Schedule: Detailed description of the property including floor plan and boundaries

2. Inventory List: List of fixtures, fittings, and furniture included in the sale

3. Title Documents: Copies of relevant title documents and certificates

4. Property Tax Documents: Recent property tax statements and payments

5. Maintenance Fee Schedule: Details of maintenance fees and payment history

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
Legal Services
Banking & Finance
Property Development

Relevant Teams

Legal
Real Estate
Finance
Compliance
Property Management

Relevant Roles

Real Estate Agent
Property Lawyer
Conveyancing Manager
Property Manager
Mortgage Officer

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How a Sales & Marketing Lead uses ��������Ƶ to reduce contract drafting time by 95%

Let's create your Private Sale Home Purchase Agreement

Authors

Alex Denne

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