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Lease And Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Lease And Sale Agreement

"I need a Lease and Sale Agreement for a commercial property in Singapore's Central Business District, with a 2-year lease period starting March 2025 and an option to purchase at the end of the lease period, including provisions for early purchase if certain financial conditions are met."

Document background
The Lease And Sale Agreement is a specialized legal instrument used in Singapore property transactions where parties wish to combine rental and purchase arrangements. This document is particularly useful in rent-to-own scenarios or when buyers need a rental period before completing the purchase. It incorporates elements from both standard lease agreements and sale and purchase agreements, ensuring compliance with Singapore's property laws and regulations. The agreement typically includes detailed provisions about the rental period, purchase price, payment schedules, property condition, and completion requirements.
Suggested Sections

1. Parties: Identification and details of the lessor and lessee/purchaser

2. Background: Context of the transaction and property details

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed description of the property being leased/sold

5. Consideration: Purchase price/rental and payment terms

6. Completion: Terms and conditions for completion of sale

7. Warranties and Representations: Statements of fact and promises by both parties

8. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Condition of Property: Details of property condition, used when selling as-is or when specific condition issues need to be documented

2. Tenant Obligations: Specific obligations of tenant during lease period, included when the agreement includes lease provisions

3. Renovation Terms: Terms for property modifications, included when renovations are permitted

4. Option to Purchase: Terms for future purchase option, used in lease with purchase option arrangements

Suggested Schedules

1. Property Floor Plan: Detailed floor plan of the property

2. Inventory List: List of fixtures and fittings included in sale/lease

3. Title Documents: Copies of relevant title documents

4. Payment Schedule: Detailed breakdown of payment terms and timeline

5. Property Certificates: Relevant certificates including fire safety, TOP

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































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Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including specific requirements for contracts relating to land transactions in Singapore

Sale of Goods Act (Cap. 393): Regulates the sale of goods and transfer of property, defining the rights and obligations of buyers and sellers in Singapore

Conveyancing and Law of Property Act (Cap. 61): Establishes requirements for property transactions and legal formalities for conveying property interests in Singapore

Land Titles Act (Cap. 157): Sets out registration requirements for property and regulations concerning dealings with registered land in Singapore

Planning Act (Cap. 232): Covers zoning and land use restrictions, along with property development regulations in Singapore

Residential Property Act (Cap. 274): Outlines restrictions on foreign ownership and specific requirements for residential property transactions in Singapore

Goods and Services Tax Act (Cap. 117A): Addresses tax implications and requirements for property transactions in Singapore

Stamp Duties Act (Cap. 312): Details stamp duty obligations, including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD) requirements in Singapore

Housing and Development Act: Specifies special requirements for public housing (HDB) properties, including restrictions on sale and lease

Council for Estate Agencies (CEA) Guidelines: Provides regulatory guidelines for professional conduct and transaction procedures in real estate dealings in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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