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Simple Property Sale Agreement
"I need a Simple Property Sale Agreement for a freehold condominium unit in Singapore, with completion scheduled for March 2025 and including provisions for existing tenants who will remain in the property after the sale."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold
5. Purchase Price: Amount and payment terms
6. Completion: Terms and timing of completion
7. Seller's Warranties: Standard warranties about property title and condition
8. Default Provisions: Consequences of breach by either party
1. Condition of Property: Detailed description of property condition, used when selling older properties or properties with known issues
2. Existing Tenancies: Details of current tenants and leases, applicable when property is sold with sitting tenants
3. GST Provisions: GST handling and requirements, required when seller is GST-registered
4. Property Tax Apportionment: How property tax will be handled between parties when tax period crosses completion date
1. Property Details Schedule: Detailed technical description of property including boundaries and fixtures
2. Inventory List: List of included furnishings or fittings, if any
3. Title Documents: Copies of relevant title documents
4. Payment Schedule: Detailed breakdown of payment terms and timing
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