The House Sale Agreement Form is essential for any residential property transaction in Singapore. It serves as the primary contract documenting the sale terms, property details, and obligations of all parties involved. This document is particularly important given Singapore's strict property regulations and must comply with various statutory requirements, including those set by the Housing & Development Board for public housing, and the Residential Property Act for private properties. The agreement includes crucial information about the property, payment terms, completion timeline, and any specific conditions of sale.
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Key Requirements PROMPT example:
House Sale Agreement Form
"I need a House Sale Agreement Form for a freehold private property in Singapore, where the buyer is a foreign national and will be using a combination of personal funds and bank financing to complete the purchase by March 2025."
1. Parties: Identification and details of the seller and purchaser
2. Background: Context of the sale and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being sold, including location, boundaries, and title details
5. Purchase Price: Amount and payment terms, including deposit and balance payment structure
6. Completion Date: Timeline for completion of sale and conditions for completion
7. Seller's Warranties: Guarantees regarding property condition, ownership, and encumbrances
8. Execution: Signing requirements and formalities for contract completion
1. CPF Usage: Terms and conditions regarding the use of Central Provident Fund for property purchase
2. HDB Compliance: Specific requirements and conditions for HDB properties including Minimum Occupation Period
3. Mortgage Details: Terms regarding property financing and existing mortgage arrangements
4. Foreign Ownership: Additional requirements and restrictions for non-Singaporean buyers
1. Property Details Schedule: Comprehensive property specifications, floor plans, and boundary details
2. Inventory List: Detailed list of fixtures, fittings, and furnishings included in the sale
3. Title Documents: Copies of relevant title documents and certificates of title
4. Payment Schedule: Detailed breakdown of payment terms, installments, and deadlines
5. Property Tax Certificate: Current property tax assessment and payment status
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