The Private House Sale Contract is a fundamental legal document used in Singapore's real estate transactions for private residential properties. It serves as the primary agreement between buyer and seller, detailing all aspects of the property transfer including price, payment schedule, completion terms, and warranties. This document must comply with Singapore's strict property laws and regulations, including stamp duty requirements and foreign ownership restrictions where applicable. The contract is typically prepared by conveyancing lawyers and must incorporate all necessary elements to ensure a valid and enforceable property transfer under Singapore law.
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1. Parties: Details of the seller and purchaser including full names, identification numbers, and addresses
2. Background: Context of the sale transaction and brief property overview
3. Definitions: Key terms and definitions used throughout the agreement
4. Property Description: Detailed description of the property including address, land title details, and boundaries
5. Purchase Price: Agreement on purchase price, payment terms, and deposit arrangements
6. Completion: Terms, timing, and conditions for completion of the sale
7. Seller's Warranties: Warranties regarding property ownership, condition, and encumbrances
8. Title and Transfer: Provisions regarding clean title transfer and registration requirements
9. Stamp Duty: Obligations regarding payment of stamp duties (BSD, ABSD, or SSD as applicable)
1. Financing Conditions: Used when buyer requires mortgage financing, including conditions precedent and timing requirements
2. Foreign Ownership Approval: Required approvals and conditions for foreign buyers under the Residential Property Act
3. Tenant Provisions: Provisions dealing with existing tenancy, including handover of tenancy deposits and documentation
4. Property Agent Commission: Terms regarding payment of property agent commissions, if applicable
5. GST Provisions: Required when the seller is GST-registered and the sale is subject to GST
1. Schedule 1 - Property Details: Detailed property specifications, floor plans, and boundary plans
2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale
3. Schedule 3 - Title Documents: Copies of title documents, including land registry extracts
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment timeline and amounts
5. Appendix A - Property Tax Certificate: Current property tax assessment and payment status
6. Appendix B - Maintenance Records: Documentation of property maintenance history and ongoing fees
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