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Bargain Sale Deed

Bargain Sale Deed Template for Singapore

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Bargain Sale Deed

"I need a Bargain Sale Deed to transfer my commercial property in Singapore's Central Business District to a charitable organization at 60% of market value, with completion planned for March 2025."

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What is a Bargain Sale Deed?

A Bargain Sale Deed is utilized in Singapore when transferring real property at less than fair market value, common in charitable donations or family transfers. It serves a dual purpose: part sale and part gift, allowing the seller to receive some consideration while still conferring a benefit on the buyer. The deed must comply with Singapore's strict property law requirements, including proper execution, witnessing, and registration with relevant authorities. This document type is particularly relevant when organizations or individuals wish to make a partial charitable contribution while still receiving some payment, or in family arrangements where property is transferred at a discount.

What sections should be included in a Bargain Sale Deed?

1. Parties: Details of the seller and buyer including full legal names and addresses

2. Background: Context of the sale and brief property history

3. Definitions: Key terms used throughout the deed

4. Property Description: Detailed description of the property including lot number, boundaries, and size

5. Consideration: Purchase price and payment terms

6. Transfer of Title: Legal transfer of ownership provisions

7. Warranties: Seller's warranties regarding property title and condition

8. Execution: Signing requirements and attestation

What sections are optional to include in a Bargain Sale Deed?

1. Encumbrances: Details of any existing mortgages or liens (include when property has existing encumbrances)

2. Special Conditions: Any unique terms or conditions of sale (include when there are specific arrangements between parties)

3. Foreign Ownership Provisions: Additional requirements for foreign buyers (include when buyer is not a Singapore citizen)

What schedules should be included in a Bargain Sale Deed?

1. Property Plan: Detailed plan showing property boundaries and dimensions

2. Title Documents: Copies of relevant title documents and certificates

3. Property Tax Records: Recent property tax assessments and payments

4. Encumbrance Documents: Details of any mortgages or liens (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Industries

Conveyancing and Law of Property Act (Cap. 61): Primary legislation governing property transactions and transfers in Singapore. Establishes requirements for valid property transfers and conveyancing procedures.

Land Titles Act (Cap. 157): Legislation that regulates the registration of land titles and establishes the land title system in Singapore. Essential for property ownership records and transfers.

Stamp Duties Act (Cap. 312): Determines stamp duty obligations and tax requirements for property transactions in Singapore.

Planning Act (Cap. 232): Regulates zoning requirements and land use restrictions that may affect property transfers and usage.

Housing and Development Act: Governs public housing transactions and sets eligibility criteria for HDB property transfers.

Residential Property Act: Sets restrictions on foreign ownership of residential properties and establishes requirements for foreign buyers in Singapore.

SLA Guidelines: Singapore Land Authority guidelines governing land ownership, transfers, and property transactions.

MAS Regulations: Monetary Authority of Singapore regulations affecting financial aspects of property transactions.

CEA Rules: Council for Estate Agencies rules governing real estate transactions and professional conduct in property dealings.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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