The Simple Real Estate Bill of Sale is a crucial document in Singapore's property transactions, used to document the transfer of real estate ownership. It must comply with Singapore's stringent property laws and regulations, including the Residential Property Act and Land Titles Act. This document is typically used for straightforward property transactions where parties need to document the basic terms of sale, property details, and transfer of ownership. It includes essential information such as property description, purchase price, payment terms, and both parties' details. While simpler than a full sale and purchase agreement, it still serves as a legally binding document under Singapore law.
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Key Requirements PROMPT example:
Simple Real Estate Bill Of Sale
"I need a Simple Real Estate Bill of Sale for my three-bedroom apartment in Singapore's District 10, selling to a foreign buyer for SGD 2.5 million, with completion scheduled for March 15, 2025, and I want to include specific provisions about existing high-end kitchen fixtures that will be part of the sale."
1. Parties: Details of seller and buyer, including identification and contact information
2. Background: Brief context of the sale transaction
3. Definitions: Key terms used in the document
4. Property Description: Detailed description of the property including address and lot number
5. Purchase Price: Agreed sale price and payment terms
6. Warranties: Seller's warranties regarding property ownership and condition
7. Execution: Signing provisions and date
1. Condition of Property: Detailed description of property condition - used when selling property as-is or with known defects
2. Agent Details: Information about property agents involved - used when transaction involves property agents
3. Foreign Ownership Declaration: Declaration regarding foreign ownership status - required when buyer is non-Singaporean
1. Property Floor Plan: Detailed floor plan of the property
2. Title Documents: Copies of relevant title documents
3. Property Tax Records: Recent property tax statements
4. Inventory List: List of fixtures and fittings included in sale - applicable when specific items are included in the sale
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