Real Estate Release Form

Real Estate Release Form Template for Singapore

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Key Requirements PROMPT example:

"I need a Real Estate Release Form for a Singapore HDB property sale that fell through, where the buyer and seller agree to mutually release each other from the Option to Purchase signed on January 15, 2025, with no claims against the $5,000 option fee."

Document background

The Real Estate Release Form is a crucial document in Singapore's property transactions, used when parties need to formally discharge obligations or waive rights related to real estate dealings. It's particularly relevant when concluding property transactions, resolving disputes, or terminating contractual obligations. The document must comply with Singapore's property laws, including the Residential Property Act and Land Titles Act, and typically includes detailed property information, party details, and specific terms of release.

Suggested Sections

1. Parties: Identification of releaser and releasee with full legal names and addresses

2. Background: Context of the release, including property details and original transaction

3. Definitions: Key terms used in the release form

4. Release Clause: Core provision releasing claims and liabilities

5. Consideration: Details of any payment or consideration for the release

6. Execution Block: Signature blocks and witness requirements

Optional Sections

1. Warranties: Additional warranties by releaser, used when specific assurances are needed

2. Indemnification: Used when ongoing protection is required for certain matters

3. Confidentiality: Used when terms of release should remain private

4. Governing Law: Usually included for clarity though Singapore law is implied

Suggested Schedules

1. Property Details Schedule: Detailed description of property including lot number, street address, and title details

2. Original Agreement Schedule: Copy or details of the original agreement being released

3. Payment Schedule: If applicable, details of any consideration or payment terms

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
Banking & Finance
Property Development
Legal Services

Relevant Teams

Legal
Real Estate
Operations
Compliance
Finance

Relevant Roles

Property Manager
Real Estate Agent
Legal Counsel
Conveyancing Lawyer
Transaction Manager

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Let's create your Real Estate Release Form

Authors

Alex Denne

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