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Private Sale Of House Contract Template for Singapore

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Key Requirements PROMPT example:

Private Sale Of House Contract

"I need a Private Sale Of House Contract for the sale of my three-bedroom condominium in Singapore to a foreign buyer, with completion scheduled for March 2025, including provisions for existing tenancy and CPF usage."

Document background
The Private Sale Of House Contract is essential for documenting private property transactions in Singapore's real estate market. It serves as the primary agreement between buyer and seller, ensuring compliance with Singapore's property laws and regulations. This contract type is specifically designed for private residential properties, incorporating necessary elements such as property details, payment terms, conditions precedent, and completion requirements. It provides legal protection for both parties and ensures the transaction meets all regulatory requirements, including those set by the Singapore Land Authority and Urban Redevelopment Authority.
Suggested Sections

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

2. Background: Context of the sale transaction and brief property overview

3. Definitions: Key terms and definitions used throughout the agreement

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

5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements

6. Completion Date: Timeline for transaction completion and key milestones

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

8. Completion Obligations: Actions required by both parties at completion including documentation and payments

Optional Sections

1. CPF Usage: Terms and conditions regarding the use of CPF funds for property purchase

2. Mortgage Conditions: Terms relating to property financing and mortgage requirements

3. Tenant Provisions: Terms regarding existing tenancy and handover conditions

4. Foreign Ownership: Additional requirements and conditions for foreign buyers

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property specifications, floor plans, and boundaries

2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings, and items included in the sale

3. Schedule 3 - Payment Schedule: Detailed breakdown of payment milestones and amounts

4. Appendix A - Property Title Documents: Copies of relevant title documents and certificates

5. Appendix B - Property Tax Receipts: Evidence of paid property taxes and outstanding amounts

6. Appendix C - Maintenance Fee Statements: Statements showing paid maintenance fees for condominiums/apartments

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































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Industries

Housing and Development Act: Primary legislation governing HDB properties in Singapore, including rules for sale, ownership, and transfer of public housing

Residential Property Act: Key legislation governing private residential properties in Singapore, including foreign ownership restrictions and approval requirements

Sale of Goods Act: General legislation governing sale transactions, providing framework for contract terms and conditions

Law of Contract: Fundamental legal principles governing contract formation, validity, and enforcement in Singapore

Conveyancing and Law of Property Act: Legislation governing the transfer of property ownership and real estate transactions

Land Titles Act: Legislation governing the registration and transfer of land titles in Singapore

SLA Regulations: Singapore Land Authority regulations governing land ownership, boundaries, and property transactions

URA Guidelines: Urban Redevelopment Authority guidelines on property development, usage, and zoning requirements

CEA Rules: Council for Estate Agencies regulations governing property agents and real estate transactions

Stamp Duties Act: Legislation governing various property-related stamp duties including Buyer's Stamp Duty (BSD)

ABSD Rules: Additional Buyer's Stamp Duty regulations affecting certain categories of property buyers

SSD Requirements: Seller's Stamp Duty requirements affecting property sales within specific holding periods

CPF Rules: Central Provident Fund regulations governing the use of CPF funds for property purchase

Mortgage Financing Regulations: Banking and financial regulations governing property loans and mortgages

Property Tax Regulations: Rules governing property tax calculations, payments, and clearances required for property transactions

GST Implications: Goods and Services Tax considerations for property transactions where applicable

Estate Duty Act: Legislation concerning inheritance and estate matters related to property ownership

OTP Requirements: Legal requirements for Option to Purchase documentation in property transactions

Title Deed Requirements: Legal requirements for property title documentation and verification

Property Encumbrance Requirements: Legal requirements for checking and clearing property encumbrances before sale

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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