The Real Estate Letter of Intent Template is a crucial preliminary document in Singapore's property market that bridges the gap between initial interest and formal sale and purchase agreement. It serves as a formal expression of interest from a potential buyer to a property owner, outlining key terms such as purchase price, payment structure, and timeline. While not fully binding, it demonstrates serious intent and forms the basis for further negotiations. The document is particularly important in Singapore's competitive property market, where clear communication of terms and conditions is essential for successful transactions.
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1. Property Details: Full address and description of the property, including lot number, strata title details if applicable
2. Purchase Price: Proposed purchase price and payment terms, including method of payment
3. Earnest Money Deposit: Amount of good faith deposit, payment timeline, and conditions for refund or forfeiture
4. Due Diligence Period: Specified timeframe for property inspection, document review, and title search
5. Closing Timeline: Proposed timeline for transaction completion, including key milestones and deadlines
1. Financing Contingency: Terms and conditions related to obtaining mortgage financing, including timeline for securing loan approval
2. Existing Tenancy: Details of current tenancy arrangements, including lease terms and handling of tenant deposits
3. Property Condition: Specific requirements regarding property condition, necessary repairs, or improvements
4. En Bloc Potential: Statement regarding potential collective sale status or considerations
1. Floor Plan: Current floor plan of the property showing layout and dimensions
2. Title Search Results: Recent title search results from Singapore Land Authority
3. Property Tax Statement: Recent property tax assessment and payment status
4. Property Photographs: Recent photographs of the property's interior and exterior
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