The Agreement Between Buyer And Seller Of Property is a crucial legal document used in Singapore real estate transactions. It serves as the primary contract establishing the terms and conditions of property transfer, including price, payment schedule, and completion requirements. This agreement is essential for both residential and commercial property transactions in Singapore, ensuring compliance with local property laws and regulations. It provides legal protection for both parties and serves as the basis for the property transfer process, including registration with the Singapore Land Authority.
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1. Parties: Details of the buyer and seller, including full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Details: Full description of the property including address, title details, and boundaries
5. Purchase Price: Amount and payment terms, including deposit arrangements
6. Conditions Precedent: Conditions that must be satisfied before completion
7. Completion: Timeline, process and requirements for completion of sale
8. Seller's Warranties: Representations and warranties given by the seller regarding the property
9. Buyer's Warranties: Representations and warranties given by the buyer regarding capacity to purchase
10. Default and Termination: Consequences of breach and termination rights
11. General Provisions: Standard contractual provisions including notices, governing law, and dispute resolution
1. Financing Conditions: Terms related to mortgage financing and loan approval requirements
2. En Bloc Provisions: Specific terms for collective sales agreements
3. Tenancy Provisions: Terms regarding existing tenants and lease arrangements
4. GST Provisions: Special provisions regarding Goods and Services Tax if applicable
5. Foreign Ownership Provisions: Additional requirements if buyer is a foreign person or entity
1. Schedule 1 - Property Details: Detailed property description, including floor plan and boundaries
2. Schedule 2 - Inventory List: List of fixtures, fittings and chattels included in the sale
3. Schedule 3 - Title Documents: Copies of relevant property ownership documents and searches
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment timeline and installments
5. Schedule 5 - Completion Requirements: List of documents and items to be delivered at completion
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