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Deed Of Agreement For Sale Of Land Template for Singapore

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Key Requirements PROMPT example:

Deed Of Agreement For Sale Of Land

"I need a Deed Of Agreement For Sale Of Land for a Singapore commercial property transaction between our company as vendor and a foreign investment firm as purchaser, with completion scheduled for March 2025 and specific provisions for environmental compliance due to the property's previous industrial use."

Document background
The Deed Of Agreement For Sale Of Land is a crucial document in Singapore property transactions, used when transferring ownership of land between parties. It operates under Singapore's robust property law framework, particularly the Land Titles Act and Residential Property Act. This deed is essential for documenting the complete terms of the sale, including property details, price, payment terms, and completion requirements. It serves as both a contract of sale and an instrument of transfer, requiring proper execution and registration with the Singapore Land Authority to effect the transfer of title.
Suggested Sections

1. Parties: Details of vendor and purchaser, including full legal names and addresses

2. Background: Context of the sale, property ownership history, and transaction purpose

3. Definitions: Key terms used throughout the agreement

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

5. Purchase Price: Agreed purchase price and payment terms

6. Completion: Terms and timing of completion of the sale

7. Title and Transfer: Warranties regarding title and transfer obligations

8. Execution: Signing requirements and attestation

Optional Sections

1. Foreign Ownership Compliance: Required when purchaser is foreign, detailing compliance with Residential Property Act

2. Development Conditions: Required for undeveloped land or properties under development

3. Tenancy Provisions: Required if property is subject to existing tenancies

4. Environmental Warranties: Required for industrial properties or contaminated land

Suggested Schedules

1. Property Schedule: Detailed property specifications, including floor plans and boundaries

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

3. Payment Schedule: Detailed breakdown of payment terms and timelines

4. Existing Encumbrances: List of any existing mortgages, easements, or other encumbrances

5. Property Condition Report: Current condition of the property and any defects

Authors

Alex Denne

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

Relevant legal definitions
























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Industries

Land Titles Act (Cap. 157): Primary legislation governing the registration and transfer of land titles in Singapore. Establishes the Torrens system and sets requirements for instruments affecting land.

Residential Property Act (Cap. 274): Controls and restricts foreign ownership of residential property in Singapore, including specific requirements for foreign purchasers.

Housing and Development Act (Cap. 129): Governs HDB properties and land, including restrictions and eligibility criteria for ownership and transfer.

Stamp Duties Act (Cap. 312): Regulates stamp duty obligations including Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD).

Planning Act (Cap. 232): Establishes land use restrictions and zoning requirements for properties in Singapore.

Conveyancing and Law of Property Act (Cap. 61): Sets out legal requirements for property transactions and formalities of property contracts.

Singapore Land Authority Regulations: Specifies requirements for land surveys and property boundaries.

Environmental Public Health Act: Covers environmental considerations and property maintenance obligations.

Building Control Act: Regulates building requirements and property modifications.

Real Estate Developers (Control and Licensing) Act: Regulates transactions involving property developers and development projects.

Common Law Principles: Fundamental contract law principles applicable to property transactions in Singapore.

Tax Regulations: Various tax-related requirements and obligations pertaining to property transactions.

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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