The Property Transfer Contract is essential for any property ownership transfer in Singapore. This document is used when transferring residential, commercial, or industrial property, ensuring compliance with Singapore's strict property laws and regulations. The contract details the rights and obligations of both parties, property specifications, payment terms, and completion requirements. It must adhere to various Singapore statutes, including the Land Titles Act and Stamp Duties Act, and requires proper registration with relevant authorities.
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1. Parties: Identifies and details the transferor and transferee, including their full legal names, identification/registration numbers, and addresses
2. Background: Context of the transfer and property ownership history, including current ownership status and reason for transfer
3. Definitions: Key terms used throughout the contract, including property-specific terminology and legal definitions
4. Property Details: Complete description of the property being transferred, including address, lot number, strata title details if applicable, and land area
5. Consideration: Purchase price, payment terms, deposit arrangements, and stamp duty obligations
6. Completion: Transfer completion details including timeline, completion date, venue, and documentation requirements
7. Representations and Warranties: Statements of fact about the property and parties, including title guarantees and property condition warranties
1. Conditions Precedent: Specific conditions that must be fulfilled before transfer completion, such as regulatory approvals or third-party consents
2. Encumbrances: Details of existing mortgages, liens, or other charges affecting the property
3. Tenancies: Information about existing tenancies, including lease terms and tenant rights
4. Property Tax Provisions: Specific arrangements regarding property tax apportionment and payment responsibilities
5. Foreign Ownership Declarations: Required declarations and approvals if the transferee is a foreign person under the Residential Property Act
1. Property Description Schedule: Detailed property specifications, floor plans, and boundary information
2. Title Documents Schedule: List and copies of relevant title documents and land register extracts
3. Inventory Schedule: Comprehensive list of fixtures, fittings, and other items included in the transfer
4. Due Diligence Schedule: Technical and legal property reports, including building inspection reports if applicable
5. Encumbrances Schedule: Details of any existing mortgages, charges, or other encumbrances affecting the property
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