Document background
The Private Mortgage Contract is essential for securing property-based loans in Singapore's real estate market. This document is used when private individuals or institutions lend money secured against property, establishing the rights and obligations of both parties. It must comply with Singapore's regulatory framework, including the Land Titles Act, MAS guidelines, and banking regulations. The contract typically includes detailed loan terms, property descriptions, repayment schedules, default provisions, and enforcement mechanisms. It's particularly relevant for private property transactions outside of standard bank mortgages.
