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Land Contract Agreement
"I need a Land Contract Agreement for the purchase of a 2-acre industrial plot in Singapore's Jurong area, with specific provisions for future development rights and an extended completion period until June 2025."
1. Parties: Details of the vendor and purchaser, including full legal names and addresses
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the land, including lot number, boundaries, and area
5. Purchase Price: Amount and payment terms
6. Completion: Timeline and conditions for completion of sale
7. Title and Transfer: Provisions regarding transfer of title and ownership
8. Warranties: Vendor's warranties regarding the property
1. Foreign Ownership Approval: Required when purchaser is a foreign person under the Residential Property Act
2. Development Conditions: Specific conditions related to property development, required for undeveloped land or properties requiring renovation
3. Tenant Provisions: Details about existing tenancies, required when property is subject to existing tenancies
1. Property Plans: Detailed plans showing property boundaries and features
2. Title Search: Recent title search results from Land Registry
3. Existing Encumbrances: List of any existing mortgages, easements, or other encumbrances
4. Payment Schedule: Detailed breakdown of payment terms and installments
5. Property Condition Report: Current condition of the property and any defects
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