The Flat Purchase Agreement is a crucial legal document used in Singapore's property market for both public and private housing transactions. This agreement is essential when transferring ownership of residential property and must conform to Singapore's strict property regulations. The document typically includes detailed property information, price and payment terms, completion conditions, and various statutory declarations. For HDB flats, the agreement must comply with additional requirements such as ethnic integration policies and minimum occupation periods. The agreement serves as the primary reference document throughout the property transaction process and is legally binding once signed by all parties.
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1. Parties: Details of vendor and purchaser, including identification and contact information
2. Background: Context of the sale and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property including address and specifications
5. Purchase Price: Agreed price and payment terms
6. Payment Schedule: Breakdown of payment installments and timelines
7. Completion: Terms and conditions for completion of sale
8. Representations and Warranties: Statements of fact and promises by both parties
9. Governing Law: Specification of Singapore law as governing law
1. CPF Usage: Terms regarding use of CPF funds for property purchase
2. Mortgage Financing: Terms regarding bank loans and mortgages when property is being financed through a bank loan
3. En Bloc Provisions: Terms regarding potential collective sale for private properties
4. Tenant Rights: Provisions regarding existing tenancy arrangements when property is currently tenanted
1. Property Floor Plan: Detailed floor plan of the property
2. Inventory List: List of fixtures and fittings included in sale
3. Title Documents: Copies of relevant title documents
4. Payment Schedule: Detailed breakdown of payment installments
5. Defects List: List of existing defects if any
6. Maintenance Records: History of property maintenance
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