The Apartment Sale Agreement is a crucial legal document used in Singapore real estate transactions for transferring apartment ownership. It serves as the primary contract between buyer and seller, incorporating Singapore's strict property regulations and requirements. This document is essential for both private and public housing transactions, though specific terms may vary based on property type (HDB, private condominium, etc.). The agreement includes comprehensive details about the property, financial terms, warranties, and completion requirements, ensuring compliance with Singapore's property laws and protecting both parties' interests.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Details: Complete description of property including address, unit number, size, and title details
5. Purchase Price: Agreed price and payment terms
6. Completion: Timeline and conditions for completion of sale
7. Seller's Warranties: Warranties regarding property title, condition, and encumbrances
8. Buyer's Warranties: Warranties regarding financial capability and eligibility to purchase
9. Legal Requirements: Compliance with Singapore property laws and regulations
10. Termination: Circumstances and process for termination of the agreement
1. Property Agent Details: Details of property agents involved in the transaction
2. Renovation Works: Details of any agreed renovation or modification before handover
3. Tenancy: Details of existing tenancy arrangements if property is currently tenanted
4. Mortgage Details: Information about existing mortgage or financing arrangements
5. En Bloc Provisions: Provisions relating to potential en bloc sale if applicable
1. Schedule 1 - Property Floor Plan: Detailed floor plan of the property
2. Schedule 2 - Inventory List: List of fixtures and fittings included in sale
3. Schedule 3 - Title Documents: Copies of relevant title documents
4. Schedule 4 - Property Tax Statements: Recent property tax statements
5. Schedule 5 - Maintenance Fee Statements: Recent maintenance fee statements for condominiums
6. Schedule 6 - Payment Schedule: Detailed breakdown of payment terms and timeline
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