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Real Estate Sales Contract
"I need a Real Estate Sales Contract for a freehold condominium unit in Singapore, where the seller is a foreign company and the buyer is a local resident, with completion scheduled for March 2025. The contract needs to include specific provisions for the release of an existing tenant."
1. Parties: Details of seller and purchaser, including full legal names and addresses
2. Background: Context of the sale and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, lot number, and strata title details
5. Purchase Price: Amount and payment terms
6. Completion Date: Timeline for completion of sale
7. Title and Ownership: Warranties regarding clear title and ownership
8. Seller's Obligations: Responsibilities and warranties of the seller
9. Purchaser's Obligations: Responsibilities and obligations of the purchaser
1. Condition of Property: Specific details about property condition, used when selling property as-is
2. Tenancy: Details of existing tenancy arrangements when property is sold with sitting tenants
3. Renovation Works: Details of ongoing or planned renovation works that affect the sale
1. Property Details Schedule: Detailed property specifications, floor plans, and boundaries
2. Inventory List: List of fixtures and fittings included in the sale
3. Title Documents: Copies of relevant title documents
4. Payment Schedule: Detailed breakdown of payment terms and milestones
5. Existing Tenancy Documents: Copies of tenancy agreements if applicable
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