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For Sale By Owner Sales Contract Template for Singapore

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Key Requirements PROMPT example:

For Sale By Owner Sales Contract

"I need a For Sale By Owner Sales Contract for selling my private apartment in Singapore to a foreign buyer, with completion scheduled for March 2025, including specific clauses about payment in foreign currency and property inspection requirements."

Document background
The For Sale By Owner Sales Contract serves as a comprehensive legal framework for private sales transactions in Singapore. This document is specifically designed for situations where property owners or goods sellers wish to conduct sales directly with buyers, eliminating intermediary costs. The contract incorporates all essential elements required under Singapore law, including detailed property descriptions, payment terms, warranties, and transfer conditions. It's particularly useful for private property sales, vehicle transfers, and high-value goods transactions, ensuring compliance with Singapore's Civil Law Act, Sale of Goods Act, and other relevant legislation while protecting both parties' interests.
Suggested Sections

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the sale and brief description of the property/goods

3. Definitions: Key terms used throughout the contract

4. Property/Goods Description: Detailed description of the item(s) being sold

5. Purchase Price: Amount and payment terms

6. Closing Date: Timeline for completion of sale

7. Representations and Warranties: Seller's assertions about the property/goods condition

8. Transfer of Title: Terms of ownership transfer

Optional Sections

1. Inspection Rights: Buyer's rights to inspect property/goods before finalizing the sale

2. Financing Contingency: Conditions related to buyer obtaining financing for the purchase

3. Maintenance Period: Post-sale maintenance obligations and terms

4. Third-Party Rights: Provisions regarding rights of third parties affected by the sale

Suggested Schedules

1. Schedule 1: Property/Goods Details: Detailed specifications, photographs, or technical details of the items being sold

2. Schedule 2: Payment Schedule: Breakdown of payment terms if involving installments

3. Appendix A: Inspection Reports: Any relevant inspection or condition reports

4. Appendix B: Title Documents: Copies of relevant ownership documents and certificates

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




























Clauses




























Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including requirements for valid contracts in Singapore

Sale of Goods Act (Cap. 393): Regulates the sale of goods, defines rights and obligations of buyers and sellers, and establishes implied terms and conditions

Conveyancing and Law of Property Act (Cap. 61): Governs real property transfers and establishes requirements for property transactions

Consumer Protection (Fair Trading) Act: Protects against unfair practices in transactions, particularly relevant when one party is a consumer

Housing and Development Act: Specific regulations for HDB properties and their transfer

Planning Act: Regulates land use and development in Singapore

Land Titles Act: Governs the registration and transfer of land titles in Singapore

Stamp Duties Act: Regulates stamp duty obligations for property transactions

Goods and Services Tax Act: Determines GST implications for sales transactions

Personal Data Protection Act: Governs the collection, use, and disclosure of personal data in contractual agreements

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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