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Real Estate Sales Agreement
"I need a Real Estate Sales Agreement for the sale of a freehold commercial property in Singapore's Central Business District, with a completion date of March 15, 2025, and special provisions for existing tenant agreements that need to be transferred to the new owner."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold including location, boundaries, and type
5. Purchase Price: Amount and payment terms including deposit, balance payment structure, and method of payment
6. Completion: Terms and timing of completion, including completion date and requirements
7. Title and Transfer: Provisions regarding property title transfer and registration requirements
8. Representations and Warranties: Seller's and buyer's warranties about the property and transaction
1. Conditions Precedent: Used when completion is subject to certain conditions such as regulatory approvals or financing
2. Tenant Provisions: Details about existing tenancies and handling of rental deposits when property is sold with existing tenants
3. Foreign Ownership: Additional provisions and requirements for foreign buyers including approval requirements
1. Property Schedule: Detailed property specifications, included fixtures, and fittings
2. Title Documents: Copies of relevant title documents and land registry information
3. Inventory List: Comprehensive list of included furnishings and fittings if applicable
4. Payment Schedule: Detailed breakdown of payment timeline and installments
5. Property Plans: Floor plans, property boundaries, and relevant architectural drawings
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