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Land Installment Contract
"Need a Land Installment Contract for the sale of a commercial property in Singapore's Central Business District, with monthly installments over 5 years starting March 2025, and specific provisions for early payment without penalties."
1. Parties: Identification of seller and purchaser with full legal details
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed description of the property including lot number, title details
5. Purchase Price: Total consideration and payment structure
6. Payment Terms: Installment schedule, amounts, and due dates
7. Default Provisions: Consequences of payment default
8. Transfer of Title: Conditions and timing for title transfer
9. Representations and Warranties: Seller's declarations about property condition and title
1. Insurance Requirements: Property insurance obligations, applicable when required by financing
2. Property Maintenance: Maintenance obligations during installment period, used for properties requiring specific maintenance terms
3. Early Payment Provisions: Terms for early payoff of installments, included when early payment options are offered
4. Assignment Rights: Rights to assign the contract to third parties, included when assignment might be contemplated
1. Property Title Documents: Copies of title deeds and certificates
2. Payment Schedule: Detailed installment payment schedule
3. Property Plans: Floor plans, site plans, and surveys
4. Condition Report: Current condition of property
5. Encumbrances Schedule: List of existing encumbrances on the property
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