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Closed Deed Of Sale for Singapore

Closed Deed Of Sale Template for Singapore

A Closed Deed of Sale is a formal legal document used in Singapore for the transfer of property ownership from one party to another. It is a binding instrument that conclusively documents the sale terms, property details, and obligations of both parties. The document complies with Singapore's property law requirements, including the Conveyancing and Law of Property Act, and must be properly executed, witnessed, and registered with relevant authorities. It provides definitive evidence of the transfer of ownership and includes comprehensive details about the property, payment terms, and warranties.

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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) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Sale Deed

Cost

Free to use

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