Document background
The Letter of Cancellation of House Purchase serves as a crucial legal document in Singapore's property market when a buyer needs to withdraw from a property purchase. This document is typically used when circumstances prevent the completion of a property transaction, whether due to financing issues, property defects, or other valid reasons. The letter must comply with Singapore's strict property regulations and typically includes details about the property, parties involved, reasons for cancellation, and handling of any deposits paid. It's essential for protecting both parties' interests and ensuring proper documentation of the cancellation process under Singapore law.
