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Closed Deed Of Sale

Closed Deed Of Sale Template for Singapore

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Key Requirements PROMPT example:

Closed Deed Of Sale

"I need a Closed Deed of Sale for a commercial property transfer in Singapore's Central Business District, with completion scheduled for March 15, 2025, including specific provisions for existing tenant arrangements and building renovation permits."

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What is a Closed Deed Of Sale?

The Closed Deed of Sale is a crucial legal instrument in Singapore's property transaction framework. It is used when parties need to definitively document and execute a property sale, providing certainty and finality to the transaction. This document type is particularly important as it serves as conclusive evidence of the property transfer and cannot be modified after execution. The deed must comply with Singapore's strict legal requirements for property transfers, including proper execution, witnessing, and registration. It typically includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and any specific conditions of the sale.

What sections should be included in a Closed Deed Of Sale?

1. Parties: Identification and details of vendor and purchaser

2. Background: Context of the sale and property description

3. Definitions: Key terms used throughout the deed

4. Sale and Purchase: Core transaction terms and purchase price

5. Title and Property Details: Legal description of property and title guarantees

6. Completion: Terms and conditions for closing the sale

7. Representations and Warranties: Seller's assertions about property condition and title

What sections are optional to include in a Closed Deed Of Sale?

1. Conditions Precedent: Pre-completion requirements, used when completion depends on specific conditions being met

2. Property Inspection: Terms for property viewing and inspection, used when specific inspection requirements exist

3. Existing Tenancies: Details of current tenants and leases, used when property is sold with existing tenants

What schedules should be included in a Closed Deed Of Sale?

1. Property Schedule: Detailed property description, boundaries, and included fixtures

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

3. Inventory: List of included fixtures, fittings, and contents

4. Property Plans: Floor plans, site maps, and relevant drawings

5. Existing Encumbrances: Details of any existing mortgages, charges, or restrictions

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

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and obligations, including requirements for valid contracts in Singapore

Conveyancing and Law of Property Act (Cap. 61): Regulates property transactions, requirements for valid property transfers, and legal formalities for deeds in Singapore

Sale of Goods Act (Cap. 393): Governs sale of goods/merchandise, including conditions, warranties, and transfer of title

Stamp Duties Act (Cap. 312): Stipulates requirements for stamp duty payments, including timing and applicable rates for property transactions

Property Tax Act (Cap. 254): Outlines tax obligations related to property transfers in Singapore

Registration of Deeds Act (Cap. 269): Specifies requirements for deed registration and establishes priority of registered instruments

Contracts (Rights of Third Parties) Act: Addresses the impact and rights of third parties in contractual agreements

Electronic Transactions Act: Governs electronic execution of documents and digital transactions

Singapore Land Authority Regulations: Regulatory requirements from SLA governing land and property transactions

Monetary Authority of Singapore Guidelines: Financial regulatory guidelines that may apply to certain property transactions

ACRA Requirements: Accounting and Corporate Regulatory Authority requirements for transactions involving company assets

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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