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Offer To Purchase Form Private Sale Template for Singapore

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Key Requirements PROMPT example:

Offer To Purchase Form Private Sale

"I need an Offer To Purchase Form Private Sale for a luxury residential property in Singapore with a purchase price of SGD 5.2 million, including specific conditions about the existing tenancy agreement that expires in March 2025 and detailed provisions about included furniture."

Document background
The Offer To Purchase Form Private Sale is a crucial document in Singapore's private sale transactions, serving as the initial formal step in the purchase process. This document is typically used when a buyer wishes to make a formal offer to purchase property, vehicles, or other significant assets from a private seller. It includes detailed terms of the proposed purchase, including price, payment schedule, conditions precedent, and completion requirements. The document must comply with Singapore's legal requirements, including the Civil Law Act and relevant property legislation. It provides protection for both parties by clearly documenting the terms of the proposed transaction and serves as the foundation for the subsequent sale and purchase agreement.
Suggested Sections

1. Parties: Identification and details of buyer and seller

2. Background: Context of the sale and basic information about the property/goods

3. Definitions: Key terms used throughout the document

4. Subject Matter of Sale: Detailed description of property/goods being sold

5. Purchase Price: Amount and payment terms

6. Completion Terms: Timeline and conditions for completing the sale

7. Warranties: Basic warranties regarding ownership and condition

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

Optional Sections

1. Due Diligence: Buyer's right to inspect and verify - used for high-value transactions or complex properties

2. Conditions Precedent: Specific conditions that must be met before completion - used when sale is subject to specific requirements or approvals

3. GST Provisions: Treatment of Goods and Services Tax - used when transaction is GST-applicable

4. Property Maintenance: Responsibilities for maintenance during transition - used for property sales with delayed completion

Suggested Schedules

1. Property Details Schedule: Detailed description of property/goods including specifications, conditions

2. Payment Schedule: Detailed breakdown of payment terms and installments

3. Inventory List: List of included items/fixtures/fittings - for property sales including furnishings

4. Due Diligence Documents: Relevant certificates, permits, warranties - when additional documentation is required

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






























Clauses






























Industries

Civil Law Act (Cap. 43): Fundamental legislation governing civil law matters in Singapore, including basic contract principles and obligations

Sale of Goods Act (Cap. 393): Regulates the sale of goods, defining rights and duties of buyers and sellers in commercial transactions

Contract Law: Common law principles governing formation and enforcement of contracts in Singapore

Misrepresentation Act (Cap. 390): Governs fraudulent, negligent, or innocent misrepresentations in contract formation

Residential Property Act (Cap. 274): Regulates residential property ownership and transactions, particularly relevant if sale involves real estate

Housing and Development Act (Cap. 129): Governs matters relating to public housing and HDB properties in Singapore

Land Titles Act (Cap. 157): Regulates the registration and transfer of land titles in Singapore

Conveyancing and Law of Property Act (Cap. 61): Governs the transfer of property rights and interests in Singapore

Consumer Protection (Fair Trading) Act (Cap. 52A): Protects consumer interests and ensures fair trading practices in transactions

Unfair Contract Terms Act (Cap. 396): Restricts the extent to which civil liability for breach of contract can be avoided through contract terms

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in commercial transactions

Goods and Services Tax Act: Regulates the application of GST to commercial transactions in Singapore

Electronic Transactions Act: Provides legal framework for electronic contracts and digital signatures if contract is executed electronically

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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