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Deed Of Conditional Sale Of Land Template for Singapore

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Key Requirements PROMPT example:

Deed Of Conditional Sale Of Land

"I need a Deed of Conditional Sale of Land for a commercial property purchase in Singapore, where completion is conditional upon obtaining URA approval for change of use from industrial to commercial, with completion targeted for March 2025."

What is a Deed Of Conditional Sale Of Land?

The Deed of Conditional Sale of Land is a crucial legal instrument in Singapore property transactions where the sale is contingent upon certain conditions being satisfied before completion. This document is commonly used when regulatory approvals, financing arrangements, or other specific requirements must be met before the sale can proceed. The deed outlines the property details, purchase price, conditions precedent, completion requirements, and warranties, ensuring compliance with Singapore's strict property laws and regulations. It provides legal protection for both parties during the period between agreement and completion of the sale.

What sections should be included in a Deed Of Conditional Sale Of Land?

1. Parties: Details of vendor and purchaser, including full legal names and addresses

2. Background: Context of the sale, including property description and title details

3. Definitions: Key terms used tHRoughout the deed

4. Property Description: Detailed description of the land being sold, including bouNDAries and title particulars

5. Purchase Price: Agreed price and payment terms

6. Conditions Precedent: Conditions that must be fulfilled before completion

7. Completion: Terms and process for completion of the sale

8. Vendor's Warranties: Standard warranties regarding title and property condition

9. Execution: Formal execution requirements for the deed

What sections are optional to include in a Deed Of Conditional Sale Of Land?

1. Foreign Ownership Approval: Required if purchaser is foreign - includes provisions relating to obtaining necessary approvals under the Residential Property Act

2. Development Conditions: Specific conditions related to property development, including URA requirements and building restrictions

3. Tenancy Provisions: Details of existing tenancies and provisions for handling ongoing leases

4. Planning Permission: Requirements for obtaining planning permission and related conditions

What schedules should be included in a Deed Of Conditional Sale Of Land?

1. Property Schedule: Detailed property particulars including lot number, title details, and land area

2. Title Documents: Copies of relevant title documents and certificates of title

3. Plan of Property: Survey plan or approved drawings of the property showing bouNDAries and dimensions

4. Payment Schedule: Detailed breakdown of payment terms, installments and payment milestones

5. Existing Encumbrances: List of existing encumbrances, mortgages, or other charges affecting the property

6. Completion Requirements: Checklist of documents and requirements needed for completion of 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 | Serial Founder & Legal AI Author

Relevant legal definitions































Clauses






























Industries

Land Titles Act (Cap. 157): Primary legislation governing the registration of land titles, requirements for instruments affecting land, and establishing the principle of indefeasibility of title in Singapore

Residential Property Act (Cap. 274): Controls and restricts foreign ownership of residential property in Singapore, including specific requirements and approvals needed for foreign purchasers

Housing and Development Act (Cap. 129): Governs transactions involving HDB properties, including restrictions and eligibility conditions for purchase and sale of public housing

Conveyancing and Law of Property Act (Cap. 61): Sets out legal requirements for property transactions, including forms and execution of deeds, and defines rights and obligations of parties in property transactions

Stamp Duties Act (Cap. 312): Regulates stamp duty obligations including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD) applicable to property transactions

Planning Act (Cap. 232): Establishes land use restrictions and zoning requirements that may affect the property's use and development potential

Environmental Public Health Act (Cap. 95): Covers environmental considerations and property maintenance requirements that may affect property ownership and usage

Building Control Act (Cap. 29): Regulates building safety, structural requirements, and restrictions on renovation and construction activities

Singapore Land Authority Regulations: Administrative regulations governing land ownership, transfer, and registration processes in Singapore

Urban Redevelopment Authority Guidelines: Guidelines affecting property development, usage, and modification within Singapore's urban planning framework

Building and Construction Authority Requirements: Technical requirements and standards for building construction, maintenance, and modification

Teams

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