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Rent To Buy Agreement
"I need a Rent to Buy Agreement for my Singapore private residential property, with a 2-year rental period starting March 2025 and a purchase option that can be exercised at a fixed price of SGD 1.2 million after the first year."
1. 1. Parties: Details of the seller/landlord and buyer/tenant
2. 2. Background: Context of the agreement and property details
3. 3. Definitions: Key terms used tHRoughout the agreement
4. 4. Rental Terms: Rent amount, payment schedule, and duration
5. 5. Purchase Option: Terms for exercising the option to buy, including price and timeline
6. 6. Property Maintenance: Responsibilities for maintenance during rental period
7. 7. Default and Termination: Consequences of breach and termination provisions
1. Foreign Ownership Compliance: Required when buyer is non-Singaporean, detailing compliance with Residential Property Act restrictions
2. HDB Compliance: Details specific HDB requirements and restrictions when property is an HDB flat
3. Financing Arrangements: Details of any financing structure when seller provides financing options
1. Schedule 1: Property Details: Detailed description of property including floor plans
2. Schedule 2: Payment Schedule: Detailed breakdown of payments including rent credits
3. Schedule 3: Inventory List: List of furnishings included in property (if furnished)
4. Appendix A: Property Condition Report: Detailed report of property condition at commencement
5. Appendix B: Option to Purchase Template: Standard form for exercising purchase option
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