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Commercial Real Estate Sales Agreement Template for Singapore

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Key Requirements PROMPT example:

Commercial Real Estate Sales Agreement

"I need a Commercial Real Estate Sales Agreement for the purchase of a 50,000 square foot industrial warehouse in Singapore's Jurong district, with completion scheduled for March 2025, including specific environmental warranties and existing tenant arrangements for three current occupants."

Document background
The Commercial Real Estate Sales Agreement is essential for documenting and executing commercial property transactions in Singapore. It is used when transferring ownership of commercial properties, including office buildings, retail spaces, industrial facilities, and mixed-use developments. The agreement ensures compliance with Singapore's property laws and regulations, including stamp duty requirements and foreign ownership restrictions. It typically includes detailed property descriptions, price and payment terms, warranties, and specific conditions relevant to commercial real estate transactions. This document is crucial for protecting both parties' interests and ensuring a smooth transfer of property ownership.
Suggested Sections

1. Parties: Identifies and defines the buyer and seller with full legal details

2. Background: Contextual information about the transaction and property

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property being sold including location, boundaries, and specifications

5. Purchase Price: Amount, payment terms, deposit requirements and payment schedule

6. Completion: Timeline, conditions for closing, and completion procedures

7. Representations and Warranties: Standard assurances from both parties regarding property condition, title, and authority to sell

8. Title and Transfer: Details of title transfer process and requirements

Optional Sections

1. Due Diligence: Specific investigation rights and procedures for the buyer to examine property condition and documentation

2. Environmental Matters: Environmental warranties, indemnities, and compliance requirements

3. Tenant Rights: Existing tenant arrangements and treatment of current lease agreements

4. Foreign Investment Provisions: Special provisions required for foreign buyers under Singapore law

Suggested Schedules

1. Schedule 1 - Property Plans: Detailed floor plans, site maps, and property boundaries

2. Schedule 2 - Title Documents: Copies of relevant title documents and certificates

3. Schedule 3 - Existing Tenancies: Details of current lease agreements and tenant obligations

4. Schedule 4 - Property Inventory: Comprehensive list of included fixtures, fittings, and equipment

5. Schedule 5 - Due Diligence Results: Findings from property investigations and technical reports

6. Schedule 6 - Regulatory Approvals: Copies of relevant permits, certificates, and regulatory approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations in Singapore

Conveyancing and Law of Property Act (Cap. 61): Regulates the transfer of property rights and interests in real estate transactions

Land Titles Act (Cap. 157): Governs the registration and transfer of land titles in Singapore's land registry system

Planning Act (Cap. 232): Controls land use and development in Singapore, including zoning regulations

Sale of Commercial Properties Act: Specific regulations governing the sale and purchase of commercial real estate

Stamp Duties Act (Cap. 312): Regulates stamp duties payable on property transactions including ABSD and SSD

SLA Regulations: Singapore Land Authority guidelines for land ownership and transfer

URA Guidelines: Urban Redevelopment Authority requirements for commercial property development and use

BCA Requirements: Building and Construction Authority standards for commercial buildings

GST Regulations: Goods and Services Tax implications for commercial property transactions

Environmental Regulations: Environmental protection and compliance requirements for commercial properties

Foreign Investment Rules: Regulations governing foreign ownership and investment in Singapore commercial real estate

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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