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Selling House Divorce Agreement Template for Singapore

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Key Requirements PROMPT example:

Selling House Divorce Agreement

"Need a Selling House Divorce Agreement for a 5-room HDB flat in Singapore, where both parties have used CPF and agree to split proceeds 60-40, with completion targeted for March 2025."

Document background
The Selling House Divorce Agreement is a crucial document used in Singapore when divorcing couples need to dispose of their matrimonial property. This agreement becomes necessary when the court has granted interim judgment for divorce and the parties have agreed to sell their property. It ensures compliance with Singapore's Women's Charter, property laws, and HDB regulations (if applicable). The document covers essential aspects such as sale price, proceeds distribution, CPF refunds, and specific obligations of both parties. It serves as a comprehensive framework to prevent future disputes and ensures a smooth property transaction process.
Suggested Sections

1. Parties: Identification of divorcing parties and their details

2. Background: Context of divorce and property sale agreement, including reference to divorce proceedings and court orders

3. Definitions: Key terms used tHRoughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Property Details: Full description and particulars of the property being sold, including address and title details

5. Sale Terms: Agreed sale price, payment terms, and conditions of sale

6. Proceeds Distribution: Detailed breakdown of how sale proceeds will be divided between parties

7. Completion Requirements: Conditions and timeline for sale completion, including handover arrangements

Optional Sections

1. CPF Refund Arrangements: Terms for refunding CPF amounts used in property purchase, including accrued interest

2. Outstanding Mortgage Settlement: Provisions for settling existing mortgage and allocation of responsibility

3. Agent Commission: Details of real estate agent fees and payment responsibility

4. Temporary Occupation: Terms for temporary occupation by either party post-sale

Suggested Schedules

1. Schedule 1 - Property Title Details: Copy of property title and ownership documents

2. Schedule 2 - Valuation Report: Professional valuation of the property

3. Schedule 3 - CPF Statements: CPF usage statements for both parties

4. Schedule 4 - Mortgage Statement: Current mortgage balance and payment history

5. Schedule 5 - Court Orders: Relevant divorce orders affecting property division

6. Schedule 6 - Property Photos: Current condition documentation of property

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Industries

Women's Charter (Chapter 353): Primary legislation governing divorce and matrimonial assets in Singapore, including provisions for division of matrimonial assets and court powers regarding matrimonial property

Residential Property Act (Chapter 274): Regulates foreign ownership of residential property, including restrictions, requirements for sale to foreigners, and eligibility criteria for purchase/sale

Housing and Development Act (Chapter 129): Governs HDB properties, including rules for sale, Minimum Occupation Period (MOP) requirements, and Ethnic Integration Policy

Conveyancing and Law of Property Act (Chapter 61): Sets out legal requirements for property transfer and defines rights and obligations in property transactions

Property Tax Act (Chapter 254): Covers tax implications of property sale and stamp duty considerations

Central Provident Fund Act (Chapter 36): Regulates CPF refund requirements, usage of CPF funds in property, and CPF charge/pledge implications

Court Orders: Includes existing divorce decree, interim judgment requirements, and asset division orders that must be considered

Property Status Requirements: Considerations regarding private vs public housing status, outstanding mortgage, and joint ownership structure

Real Estate Requirements: Covers property valuation, real estate agent involvement, and commission structures

Documentation Requirements: Essential documents including property title, outstanding loans, maintenance fees, and property tax records

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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