The Real Estate Deposit Receipt Template is a crucial document in Singapore's property transaction process, used when a prospective buyer makes a deposit payment towards a property purchase. It serves multiple purposes: documenting the receipt of funds, establishing the terms of the deposit holding, and protecting both parties' interests. The document must comply with Singapore's property laws, including the Civil Law Act and Estate Agents Act, and typically precedes the Option to Purchase (OTP) or Sale and Purchase Agreement. It includes essential details such as property information, payment specifics, and conditions for deposit return or forfeiture.
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1. Receipt Details: Date, receipt number, and transaction reference number for the deposit payment
2. Party Information: Full details of purchaser(s) and vendor(s)/developer including names, identification numbers, and contact information
3. Property Details: Complete property description including address, unit number, land lot number, and property type
4. Payment Information: Details of deposit amount, payment method, bank details if applicable, and payment date
5. Terms of Deposit: Conditions under which the deposit is held, including refund terms and forfeit conditions
1. GST Declaration: Required for commercial properties or GST-registered vendors, stating GST amount and registration details
2. HDB Compliance Statement: Required for HDB properties, confirming compliance with HDB regulations and eligibility conditions
3. Foreign Buyer Statement: Required when purchaser is not a Singapore citizen, including LDAU approval details if applicable
4. Agent Declaration: Required when property agents are involved, including CEA registration details and commission arrangements
1. Payment Schedule: Detailed breakdown of payment milestones if part of progressive payment scheme
2. Property Details Schedule: Comprehensive list of property specifications, included fixtures and fittings
3. Terms and Conditions: Complete terms governing the deposit payment, holding and return conditions
4. Supporting Documents: List of attached documents such as identity verification, property ownership proof, or relevant certificates
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