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Property Settlement Agreement
"I need a Property Settlement Agreement for transferring my private residential property in Singapore to my ex-spouse as part of our divorce settlement, with completion scheduled for March 2025 and including provisions for existing mortgage arrangements with DBS Bank."
1. Parties: Identification and details of all parties involved in the settlement
2. Background: Context of the property settlement, including property details and reason for settlement
3. Definitions: Key terms used tHRoughout the agreement
4. Property Description: Detailed description of the property including address and title details
5. Settlement Terms: Core terms of the property settlement including division and transfer details
6. Payment Terms: Financial arrangements including payment schedule and method
7. Completion: Timeline and process for completing the settlement
1. Mortgage Details: Special provisions when property has existing mortgage, including terms for discharge or transfer of mortgage
2. Foreign Ownership Provisions: Special provisions and compliance requirements for foreign owners under Singapore's Residential Property Act
3. HDB-Specific Provisions: Special provisions for HDB properties including compliance with HDB regulations and restrictions
4. Rental Provisions: Terms regarding existing tenancies, including treatment of rental deposits and lease agreements
1. Schedule 1 - Property Title Documents: Copies of title deeds and certificates
2. Schedule 2 - Valuation Report: Professional valuation of the property
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and dates
4. Schedule 4 - Property Inventory: List of fixtures and fittings included in settlement
5. Schedule 5 - Outstanding Mortgages: Details of any existing mortgages or liens
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