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Property Swap Agreement
"Need a Property Swap Agreement for exchanging a commercial warehouse in Jurong with a retail space in Orchard Road, both properties are currently mortgaged and the exchange needs to complete by March 2025."
1. Parties: Identification and details of all parties involved in the property swap
2. Background: Context of the agreement and brief description of the properties to be swapped
3. Definitions: Key terms used throughout the agreement
4. Properties Description: Detailed description of both properties including title details and encumbrances
5. Exchange Terms: Core terms of the swap including valuations and any monetary adjustments
6. Completion Requirements: Steps required for completion and timeline
7. Representations and Warranties: Standard property-related warranties from both parties
8. Tax Obligations: Stamp duty and other tax responsibilities
1. Foreign Ownership Provisions: Required when one or more parties are not Singapore citizens - includes additional approval requirements and restrictions
2. Mortgage Arrangements: Provisions relating to existing mortgages and requirements for discharge or transfer
3. Tenant Provisions: Provisions for handling existing tenancies, including transfer of deposits and notices
4. Valuation Mechanism: Process for independent property valuation when values need to be independently verified
1. Schedule 1 - Property A Details: Complete legal description and title details of first property
2. Schedule 2 - Property B Details: Complete legal description and title details of second property
3. Schedule 3 - Property Plans: Floor plans and location maps of both properties
4. Schedule 4 - Completion Requirements: Detailed checklist of completion requirements
5. Appendix A - Title Searches: Recent title searches for both properties
6. Appendix B - Property Valuations: Independent valuations if required
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