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Incumbency Certificate For Property

Incumbency Certificate For Property Template for Singapore

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Key Requirements PROMPT example:

Incumbency Certificate For Property

"Need an Incumbency Certificate For Property to verify our Singapore company's authority to purchase a commercial building at 123 Marina Boulevard, for submission to DBS Bank by March 15, 2025."

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Document background
The Incumbency Certificate For Property is a crucial document in Singapore's property transaction landscape, required when companies engage in property-related dealings. It serves as official verification of a company's existence, good standing, and the authority of its officers to execute property transactions. The certificate is commonly requested by banks, property agencies, or regulatory authorities to confirm the legitimacy of the company's property dealings and comply with Singapore's strict property ownership and transaction requirements. It includes essential information about the company's incorporation, current directors, authorized signatories, and specific details about the property in question.
Suggested Sections

1. Certificate Header: Company name, registration number, and registered address

2. Declaration of Authority: Statement of the certifying officer's authority to issue the certificate

3. Company Details: Incorporation details, current status, and registered particulars

4. Directors and Officers: List of current directors and key officers with their particulars

5. Property Details: Specific details of the property in question including title particulars

6. Certification: Formal certification statement and execution block

Optional Sections

1. Corporate Structure: Details of shareholding structure, used when relevant for property ownership requirements

2. Resolution References: References to specific board/shareholder resolutions, included when specific authorizations are relevant

3. Additional Confirmations: Specific confirmations requested by third parties or authorities

Suggested Schedules

1. Copy of ACRA Business Profile: Recent extract of company information from ACRA

2. Property Title Documents: Copies of relevant property ownership documents

3. Board Resolutions: Relevant board resolutions authorizing property transactions

4. Specimen Signatures: Signatures of authorized signatories when required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions














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Industries

Companies Act (Cap. 50): Primary legislation governing corporate matters including company officers, directors, corporate authority, requirements for company secretaries and their certification powers, and corporate governance requirements

Land Titles Act (Cap. 157): Legislation governing property ownership and transfer requirements, registration of interests in land, and legal requirements for property transactions

Legal Profession Act (Cap. 161): Defines requirements for legal certification and authority to execute legal documents in Singapore

Evidence Act (Cap. 97): Establishes requirements for documentary evidence and certification of documents in Singapore's legal system

Residential Property Act (Cap. 274): Governs restrictions on foreign ownership and requirements for residential property transactions in Singapore

Rules of the Singapore Land Authority: Regulatory framework establishing requirements for property documentation and registration procedures

Stamp Duties Act (Cap. 312): Legislation governing requirements for proper stamping of property documents and relevant duties and taxes

Registration of Deeds Act (Cap. 269): Establishes requirements for document registration and defines the legal effect of registered documents

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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