The Property Contract serves as the primary legal instrument for real estate transactions in Singapore. It is essential for documenting the terms and conditions of property sales, whether residential or commercial. This contract type must comply with Singapore's strict property laws and regulations, including foreign ownership restrictions, stamp duty requirements, and land title regulations. The document typically includes detailed property descriptions, payment terms, completion dates, and warranties, while addressing specific requirements for different property types (HDB, private residential, or commercial).
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1. Parties: Identification of buyer, seller, and other relevant parties
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 address and specifications
5. Purchase Price: Amount and payment terms
6. Completion: Timeline and conditions for completion
7. Title and Ownership: Warranties regarding ownership and title
1. Fixtures and Fittings: List of items included/excluded in sale - used when specific items need to be included or excluded from the sale
2. Tenancy: Details of existing tenancy - used when property is currently tenanted
3. Foreign Ownership: Additional requirements for foreign buyers - used when buyer is not a Singapore citizen
1. Property Floor Plan: Detailed floor plan of the property
2. Inventory List: List of fixtures and fittings included in sale
3. Title Search: Results of land title search
4. Property Tax Records: Recent property tax statements
5. Maintenance Records: Recent maintenance fee statements (for condominiums)
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