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Real Property Sales Contract
"I need a Real Property Sales Contract for a private residential property sale in Singapore, with completion scheduled for March 2025, including provisions for an existing tenant and mortgage discharge requirements."
1. Parties: Details of the vendor and purchaser, including full legal names, identification numbers, and addresses
2. Background: Context of the sale, basic property details, and intention of parties to enter into the transaction
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Description: Detailed description of the property including lot number, boundaries, floor area, and included fixtures
5. Purchase Price: Sale price, payment terms, deposit requirements, and method of payment
6. Completion: Timeline, conditions for completion, and completion procedures
7. Title and Transfer: Provisions regarding clean title, transfer process, and registration requirements
8. Representations and Warranties: Standard warranties from both parties regarding ownership, capacity to sell/buy, and property condition
1. Foreign Ownership Provisions: Special provisions required when purchaser is foreign, including approval requirements under Residential Property Act
2. HDB Compliance: Special provisions for HDB properties including ethnic quota compliance and eligibility requirements
3. Tenant Provisions: Provisions dealing with existing tenancy arrangements and handover conditions
4. Mortgage Discharge: Provisions for clearing existing mortgage and coordination with current mortgagee
1. Property Details Schedule: Detailed property specifications, floor plans, and boundary plans
2. Inventory Schedule: Comprehensive list of included fixtures, fittings, and furnishings
3. Title Documents Schedule: Copies of relevant title documents and land searches
4. Payment Schedule: Detailed breakdown of payment terms, timeline, and milestone payments
5. Tenancy Documents Schedule: Current lease agreements and tenant information where applicable
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