The Deed Of Agreement For Sale Of Land is a crucial document in Singapore property transactions, used when transferring ownership of land between parties. It operates under Singapore's robust property law framework, particularly the Land Titles Act and Residential Property Act. This deed is essential for documenting the complete terms of the sale, including property details, price, payment terms, and completion requirements. It serves as both a contract of sale and an instrument of transfer, requiring proper execution and registration with the Singapore Land Authority to effect the transfer of title.
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1. Parties: Details of vendor and purchaser, including full legal names and addresses
2. Background: Context of the sale, property ownership history, and transaction purpose
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, address, and boundaries
5. Purchase Price: Agreed purchase price and payment terms
6. Completion: Terms and timing of completion of the sale
7. Title and Transfer: Warranties regarding title and transfer obligations
8. Execution: Signing requirements and attestation
1. Foreign Ownership Compliance: Required when purchaser is foreign, detailing compliance with Residential Property Act
2. Development Conditions: Required for undeveloped land or properties under development
3. Tenancy Provisions: Required if property is subject to existing tenancies
4. Environmental Warranties: Required for industrial properties or contaminated land
1. Property Schedule: Detailed property specifications, including floor plans and boundaries
2. Title Documents: Copies of relevant title documents and searches
3. Payment Schedule: Detailed breakdown of payment terms and timelines
4. Existing Encumbrances: List of any existing mortgages, easements, or other encumbrances
5. Property Condition Report: Current condition of the property and any defects
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