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Unregistered Agreement To Sell With Possession Template for Singapore

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Key Requirements PROMPT example:

Unregistered Agreement To Sell With Possession

"I need an Unregistered Agreement To Sell With Possession for a three-bedroom condominium in Singapore, where the buyer needs immediate possession for renovation purposes before the final completion date of March 2025."

Document background
The Unregistered Agreement To Sell With Possession is commonly used in Singapore's property market when parties wish to arrange for the buyer's early possession of the property before the completion of the sale. This document is particularly relevant in scenarios where renovation works are needed, or when parties prefer a staged completion process. It includes detailed terms about possession rights, maintenance responsibilities, payment schedules, and completion obligations, all while adhering to Singapore's property laws and regulations. The agreement provides a flexible solution for property transactions while maintaining legal protection for both parties.
Suggested Sections

1. Parties: Details of seller and purchaser

2. Background: Context of the sale and property details

3. Definitions: Key terms used in the agreement

4. Property Description: Detailed description of property being sold

5. Purchase Price: Amount and payment terms

6. Possession Terms: Conditions and timing of possession

7. Completion: Timeline and requirements for completion

8. Representations and Warranties: Seller's declarations about property condition and title

Optional Sections

1. Renovation Permission: Terms for allowing buyer to renovate before completion

2. Tenant Provisions: Existing tenancy arrangements and handling of current tenants

3. Mortgage Details: Existing mortgage arrangements and clearance requirements

4. Agent Commission: Real estate agent commission details and payment terms

Suggested Schedules

1. Property Details Schedule: Detailed property specifications and floor plans

2. Inventory List: List of fixtures and fittings included in sale

3. Payment Schedule: Breakdown of payment installments

4. Property Title Documents: Copies of relevant title documents

5. Condition Report: Current condition of property and any defects

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


































Clauses

































Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships, requirements for valid contracts, and provisions regarding property transactions in Singapore

Land Titles Act (Cap. 157): Legislation concerning land registration requirements, implications of non-registration, and future transfer requirements for property transactions

Residential Property Act (Cap. 274): Controls restrictions on foreign ownership, requirements for residential property transactions, and applicable permits and approvals

Conveyancing and Law of Property Act (Cap. 61): Governs rules regarding property transfer, rights and obligations of parties, and requirements for possession

Stamp Duties Act (Cap. 312): Regulates duty obligations, timeline for stamping, and penalties for non-compliance in property transactions

Planning Act (Cap. 232): Covers zoning requirements, usage restrictions, and development controls for properties

Housing Developers (Control and Licensing) Act: Regulates property development, developer's obligations, and buyer's rights for properties under development

Relevant Case Law: Precedents regarding property possession rights, unregistered agreements, specific performance, and contract validity in Singapore

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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