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Real Estate Option To Purchase Agreement
"I need a Real Estate Option To Purchase Agreement for a freehold condominium unit in Singapore's District 10, with an option fee of 1% and exercise period of 14 days, to be completed by March 2025, including special provisions for en bloc potential."
1. Parties: Details of the Option Grantor (seller) and Option Holder (buyer)
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific description of the property including address and title details
5. Option Fee: Amount and payment terms of the option fee
6. Exercise Period: Duration and conditions for exercising the option
7. Purchase Price: Total consideration and payment terms
8. Completion: Terms and timing of completion
1. HDB Compliance: Additional terms and declarations required for HDB properties
2. Foreign Ownership Declaration: Additional declarations and requirements for foreign buyers under the Residential Property Act
3. En Bloc Provisions: Special provisions relating to collective sale scenarios
1. Property Details Schedule: Detailed property specifications and floor plan
2. Inventory List: List of fixtures and fittings included in sale
3. Form of Exercise Notice: Template for exercising the option
4. Payment Schedule: Breakdown of payment milestones and payment terms
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