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Purchase Agreement For Land
"I need a Purchase Agreement For Land to buy a residential property in Singapore's District 10, with a purchase price of SGD 3.5 million and completion date of March 15, 2025; the property is currently tenanted and we need to include provisions for existing lease agreements."
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including lot number, boundaries, and title details
5. Purchase Price: Amount and payment terms including deposit arrangements
6. Completion: Timeline and requirements for completing the transaction
7. Title and Transfer: Warranties regarding title and transfer obligations
8. Representations and Warranties: Standard warranties from both parties
1. CPF Usage: Terms regarding use of CPF funds for property purchase - required when buyer is using CPF funds
2. Existing Tenancies: Details of existing tenants and lease arrangements - required when property is currently tenanted
3. Foreign Ownership Approval: Conditions regarding foreign ownership approval - required when buyer is foreign person/entity
1. Property Details Schedule: Detailed property specifications, floor plans, and boundaries
2. Payment Schedule: Breakdown of payment installments and timelines
3. Inventory List: List of fixtures and fittings included in sale (when property is sold furnished)
4. Title Documents: Copies of relevant title documents and certificates
5. Existing Encumbrances: Details of any existing mortgages, charges, or caveats
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