An Offer Letter To Sell Property is a crucial document in Singapore's property transaction process, serving as the formal initiation of a property sale. It is used when a property owner wishes to communicate their intention to sell their property to a specific buyer under defined terms. The document must comply with Singapore's stringent property laws and typically includes essential details such as property specifications, pricing, payment structure, and completion timeline. This document precedes the Option to Purchase and is particularly important in Singapore's regulated property market where clear documentation of intentions and terms is required for both private and public housing transactions.
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1. Property Details: Full address and description of the property being offered for sale, including property type, floor area, and land area if applicable
2. Offer Price: Clear statement of the proposed selling price in Singapore dollars
3. Payment Terms: Structure of payment, including deposit requirements, option fee, and balance payment schedule
4. Option Period: Duration for which the offer remains valid and terms of the Option to Purchase
5. Completion Timeline: Proposed timeline for completion of sale and handover of property
1. Condition Precedents: Any conditions that must be met before sale completion, such as bank approval or HDB approval
2. Furnishing Details: List of fixtures, fittings, and furnishings included in the sale price
3. Tenancy Status: Details of existing tenancy agreements and arrangements for handover
4. Property Maintenance: Current maintenance fees, sinking fund contributions, and any outstanding payments
5. Regulatory Compliance: Specific requirements related to foreign ownership, HDB regulations, or other regulatory matters
1. Property Floor Plan: Detailed layout of the property showing room dimensions and built-up area
2. Title Search Results: Recent title search showing ownership details and any encumbrances on the property
3. Property Tax Statement: Current property tax assessment and payment status
4. Property Photographs: Recent photographs showing the current condition of the property
5. Inventory List: Detailed list of included fixtures, fittings, and furnishings (if applicable)
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