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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."
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
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
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
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