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Letter Of Offer To Purchase Property
"I need a Letter of Offer to Purchase Property for a three-bedroom condominium unit in Singapore's District 10, with a purchase price of SGD 2.8 million and an option period of 14 days, including specific conditions about renovation works completion before handover in March 2025."
1. Buyer Details: Full legal name, identification details, and contact information of the prospective buyer
2. Property Details: Complete description of the property including address, unit number, land lot number, property type, and size
3. Purchase Price: The offered purchase price stated in both numbers and words, including any GST if applicable
4. Payment Terms: Details of the deposit amount, payment schedule, and completion date
5. Option Period: Specification of the duration for which the offer remains valid and terms of the Option to Purchase
1. Conditions Precedent: To be included when purchase is subject to specific conditions such as bank loan approval or sale of existing property
2. Property Inspection Clause: To be included when buyer requires property inspection before purchase completion
3. Foreign Buyer Declaration: Required when the buyer is a foreigner, addressing Residential Property Act compliance
4. HDB Specific Requirements: To be included for HDB properties, addressing ethnic integration policy and eligibility conditions
5. En Bloc Potential: For private properties where collective sale potential needs to be addressed
1. Property Floor Plan: Detailed layout and floor plan of the property
2. Title Search Results: Recent title search results showing current ownership and any encumbrances
3. Property Tax Statement: Current property tax assessment and payment status
4. Inventory of Inclusions: Detailed list of fixtures, fittings, and other items included in the sale
5. Regulatory Compliance Checklist: Checklist confirming compliance with relevant Singapore property regulations and requirements
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