The Purchase Agreement For House is a crucial legal document used in Singapore real estate transactions. It serves as the primary contract between buyer and seller, incorporating Singapore's strict property regulations, including HDB rules where applicable, stamp duty requirements, and foreign ownership restrictions. The agreement details property specifications, price, payment schedule, completion timeline, and warranties. It's essential for both private and public housing transactions and must comply with Singapore's property laws, including the Residential Property Act and Housing Development Act.
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Key Requirements PROMPT example:
Purchase Agreement For House
"I need a Purchase Agreement For House for a 3-bedroom HDB flat in Singapore, where the buyer will be using CPF funds and requires vacant possession by March 2025."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, address, and boundaries
5. Purchase Price: Amount and payment terms including deposit requirements
6. Completion: Terms and timing of transaction completion
7. Title and Transfer: Warranties of title and transfer process
8. Representations and Warranties: Standard declarations by both parties
9. Execution: Signing provisions and witness requirements
1. CPF Usage: Terms relating to use of CPF funds for property purchase
2. Foreign Ownership: Additional requirements and restrictions for foreign buyers
3. Mortgage Provisions: Terms relating to property financing and mortgage requirements
4. Tenant Rights: Provisions regarding existing tenancy arrangements
1. Schedule 1 - Property Floor Plan: Detailed floor plan and property measurements
2. Schedule 2 - Inventory List: List of fixtures and fittings included in sale
3. Schedule 3 - Title Documents: Copies of relevant title documents
4. Schedule 4 - Property Tax Records: Recent property tax statements
5. Schedule 5 - Maintenance Records: Records of recent maintenance and repairs
6. Schedule 6 - Strata Title Information: For apartments/condominiums, strata title details and management corporation information
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