The House Contract Cancellation Letter is a crucial document in Singapore's property transaction ecosystem, used when either party needs to formally terminate a property purchase agreement. It must comply with Singapore's stringent property laws and regulations, including the Civil Law Act and Housing and Development Act. This document is typically used when circumstances prevent the completion of a property transaction, such as financing issues, material changes in the property's condition, or breach of contract terms. The letter includes essential details such as party information, property details, cancellation reasons, and any financial settlements, ensuring a clear and legally sound termination process.
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1. Sender's Details: Full name, address, and contact information of the party initiating the cancellation
2. Recipient's Details: Full name, address, and contact information of the other party to the contract
3. Property Details: Complete address and description of the property in question
4. Contract Reference: Original contract date and reference number
5. Cancellation Statement: Clear statement of intent to cancel the contract
6. Reason for Cancellation: Brief explanation of the grounds for cancellation
7. Effective Date: Specified date when the cancellation takes effect
1. Deposit Details: Information about return or forfeit of deposits, used when deposits were paid
2. Legal Basis: Reference to specific contract clauses or laws permitting the cancellation
3. Next Steps: Outline of required actions from either party
1. Original Contract Copy: Copy of the original house contract being cancelled
2. Supporting Documents: Any relevant documentation supporting the reason for cancellation
3. Proof of Notice: Evidence that proper notice was given as per contract terms
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