The Simple Home Sale Contract serves as the primary legal instrument for residential property transactions in Singapore. This document is essential when transferring ownership of private residential properties, ensuring compliance with Singapore's strict property regulations and providing legal protection for both parties. The contract encompasses crucial elements such as property details, payment terms, warranties, and completion timelines, while accommodating specific requirements for CPF usage and mortgage financing. It's designed to align with Singapore's property laws and regulations, including HDB rules where applicable.
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1. Parties: Identification and details of the seller and buyer
2. Background: Context of the sale and property description
3. Definitions: Key terms used throughout the contract
4. Property Details: Specific description of the property being sold, including address, land title particulars, and property type
5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment structure
6. Completion Date: Timeline for completion of sale and handover requirements
7. Warranties: Seller's warranties regarding the property condition, ownership, and encumbrances
1. CPF Usage: Terms regarding use of CPF funds, required if buyer is using CPF for payment
2. Mortgage Conditions: Terms relating to bank financing and mortgage requirements, include if property purchase involves bank financing
3. Tenant Provisions: Terms relating to existing tenancy, required if property is currently tenanted
4. Renovation Terms: Specific agreements regarding existing or planned renovations, include if relevant to the sale
1. Schedule 1 - Property Floor Plan: Detailed floor plan of the property including measurements and layout
2. Schedule 2 - Inventory List: Comprehensive list of fixtures, fittings, and furnishings included in the sale
3. Schedule 3 - Title Documents: Copies of relevant title documents and certificates of title
4. Schedule 4 - Property Tax Records: Recent property tax statements and payment history
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