The House Selling Agreement is a crucial legal document used in Singapore real estate transactions to formalize the sale and purchase of residential property. It provides comprehensive coverage of all aspects of the property transfer, including detailed property description, purchase price, payment terms, warranties, and completion conditions. The agreement ensures compliance with Singapore's property laws and regulations, including HDB rules where applicable, and protects both parties' interests throughout the transaction. It serves as the primary reference document for the property transfer and is essential for legal and financing purposes.
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1. Parties: Details of the seller and buyer, including full legal names, identification numbers, and addresses
2. Background: Context of the sale and brief property description, including the intention to sell/purchase
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Details: Complete description of the property including address, lot number, strata title details, and land area
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and balance payment schedule
6. Completion: Timeline and conditions for completion of sale, including handover procedures
7. Seller's Warranties: Warranties regarding property ownership, condition, and absence of encumbrances
8. Buyer's Obligations: Obligations of the buyer including payment terms and compliance with regulations
9. Title and Transfer: Provisions regarding transfer of title and property ownership
10. Termination: Circumstances under which the agreement can be terminated and consequences
1. Financing Conditions: Terms related to buyer's financing arrangements and mortgage requirements
2. Tenant Provisions: Terms regarding existing tenancy, including handover of tenancy deposits and documentation
3. En Bloc Provisions: Terms regarding potential collective sale and its impact on the transaction
4. Property Tax Adjustments: Provisions for pro-rating and adjustment of property tax payments
5. Renovation and Alterations: Terms regarding existing or planned renovation works and necessary approvals
1. Schedule 1 - Property Details: Detailed property specifications, boundaries, and included fixtures and fittings
2. Schedule 2 - Title Documents: List and copies of relevant title documents and certificates
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment installments and timing
4. Schedule 4 - Property Plans: Floor plans, property boundaries, and architectural drawings
5. Schedule 5 - Inventory List: List of included furnishings, fixtures, and fittings
6. Appendix A - Existing Tenancy Documents: Copies of existing tenancy agreements and related documentation
7. Appendix B - Regulatory Approvals: Copies of relevant permits, certificates, and regulatory approvals
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