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Simple Real Estate Bill Of Sale Template for Singapore

A Simple Real Estate Bill of Sale in Singapore is a legal document that evidences the transfer of property ownership from seller to buyer. It complies with Singapore's property laws, including the Residential Property Act and Land Titles Act, and contains essential details such as property description, purchase price, and warranties. This document serves as proof of sale and must be properly executed according to Singapore law.

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What is a Simple Real Estate Bill Of Sale?

The Simple Real Estate Bill of Sale is a crucial document in Singapore's property transactions, used to document the transfer of real estate ownership. It must comply with Singapore's stringent property laws and regulations, including the Residential Property Act and Land Titles Act. This document is typically used for straightforward property transactions where parties need to document the basic terms of sale, property details, and transfer of ownership. It includes essential information such as property description, purchase price, payment terms, and both parties' details. While simpler than a full sale and purchase agreement, it still serves as a legally binding document under Singapore law.

What sections should be included in a Simple Real Estate Bill Of Sale?

1. Parties: Details of seller and buyer, including identification and contact information

2. Background: Brief context of the sale transaction

3. Definitions: Key terms used in the document

4. Property Description: Detailed description of the property including address and lot number

5. Purchase Price: Agreed sale price and payment terms

6. Warranties: Seller's warranties regarding property ownership and condition

7. Execution: Signing provisions and date

What sections are optional to include in a Simple Real Estate Bill Of Sale?

1. Condition of Property: Detailed description of property condition - used when selling property as-is or with known defects

2. Agent Details: Information about property agents involved - used when transaction involves property agents

3. Foreign Ownership Declaration: Declaration regarding foreign ownership status - required when buyer is non-Singaporean

What schedules should be included in a Simple Real Estate Bill Of Sale?

1. Property Floor Plan: Detailed floor plan of the property

2. Title Documents: Copies of relevant title documents

3. Property Tax Records: Recent property tax statements

4. Inventory List: List of fixtures and fittings included in sale - applicable when specific items are included in the sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Document Type

Bill of Sale

Sector

Sales

Cost

Free to use

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