The Commercial Real Estate Sales Agreement is essential for documenting and executing commercial property transactions in Singapore. It is used when transferring ownership of commercial properties, including office buildings, retail spaces, industrial facilities, and mixed-use developments. The agreement ensures compliance with Singapore's property laws and regulations, including stamp duty requirements and foreign ownership restrictions. It typically includes detailed property descriptions, price and payment terms, warranties, and specific conditions relevant to commercial real estate transactions. This document is crucial for protecting both parties' interests and ensuring a smooth transfer of property ownership.
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1. Parties: Identifies and defines the buyer and seller with full legal details
2. Background: Contextual information about the transaction and property
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold including location, boundaries, and specifications
5. Purchase Price: Amount, payment terms, deposit requirements and payment schedule
6. Completion: Timeline, conditions for closing, and completion procedures
7. Representations and Warranties: Standard assurances from both parties regarding property condition, title, and authority to sell
8. Title and Transfer: Details of title transfer process and requirements
1. Due Diligence: Specific investigation rights and procedures for the buyer to examine property condition and documentation
2. Environmental Matters: Environmental warranties, indemnities, and compliance requirements
3. Tenant Rights: Existing tenant arrangements and treatment of current lease agreements
4. Foreign Investment Provisions: Special provisions required for foreign buyers under Singapore law
1. Schedule 1 - Property Plans: Detailed floor plans, site maps, and property boundaries
2. Schedule 2 - Title Documents: Copies of relevant title documents and certificates
3. Schedule 3 - Existing Tenancies: Details of current lease agreements and tenant obligations
4. Schedule 4 - Property Inventory: Comprehensive list of included fixtures, fittings, and equipment
5. Schedule 5 - Due Diligence Results: Findings from property investigations and technical reports
6. Schedule 6 - Regulatory Approvals: Copies of relevant permits, certificates, and regulatory approvals
Relevant legal definitions
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