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Real Estate Buy And Sell Agreement
"I need a Real Estate Buy And Sell Agreement for a private condominium unit in Singapore, where the buyer is a foreign corporation and completion is expected by March 2025; the agreement should include specific provisions for foreign ownership approval and corporate buyer requirements."
1. Parties: Identifies and details the buyer and seller including their full legal names, identification numbers, and addresses
2. Background: Context of the transaction, property overview, and intention of the parties to enter into the sale and purchase
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Description: Detailed description of the property including address, land area, floor area, and title details
5. Purchase Price: Purchase price, payment structure, deposit requirements, and payment methods
6. Conditions Precedent: Conditions that must be fulfilled before completion including legal requisitions and title searches
7. Completion: Terms and timeline for completion, including completion date, venue, and documentation requirements
8. Seller's Warranties: Representations and warranties about the property's condition, ownership, and encumbrances
9. Buyer's Warranties: Representations and warranties about the buyer's capacity to purchase and financial ability
10. Default Provisions: Consequences and remedies in case of default by either party
11. Miscellaneous: Standard provisions including notices, entire agreement, governing law, and dispute resolution
1. HDB Compliance: Additional terms and requirements specific to HDB properties including ethnic quota and eligibility conditions
2. Foreign Ownership: Additional requirements and warranties for foreign buyers including Land Dealings Approval Unit clearance
3. Existing Tenancy: Provisions relating to existing tenancy arrangements including assignment or termination of lease
4. Mortgage Discharge: Terms for discharge of existing mortgage and coordination with financial institutions
5. GST Provisions: Special provisions if the property sale is subject to Goods and Services Tax
1. Schedule 1 - Property Details: Detailed property specifications, floor plans, and boundaries
2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
4. Schedule 4 - Title Documents: Copies of title documents, strata title (if applicable), and other relevant certificates
5. Schedule 5 - Outstanding Property Tax and Utility Bills: List of outstanding charges and apportionment details
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