The Selling House Divorce Agreement is a crucial document used in Singapore when divorcing couples need to dispose of their matrimonial property. This agreement becomes necessary when the court has granted interim judgment for divorce and the parties have agreed to sell their property. It ensures compliance with Singapore's Women's Charter, property laws, and HDB regulations (if applicable). The document covers essential aspects such as sale price, proceeds distribution, CPF refunds, and specific obligations of both parties. It serves as a comprehensive framework to prevent future disputes and ensures a smooth property transaction process.
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1. Parties: Identification of divorcing parties and their details
2. Background: Context of divorce and property sale agreement, including reference to divorce proceedings and court orders
3. Definitions: Key terms used tHRoughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Details: Full description and particulars of the property being sold, including address and title details
5. Sale Terms: Agreed sale price, payment terms, and conditions of sale
6. Proceeds Distribution: Detailed breakdown of how sale proceeds will be divided between parties
7. Completion Requirements: Conditions and timeline for sale completion, including handover arrangements
1. CPF Refund Arrangements: Terms for refunding CPF amounts used in property purchase, including accrued interest
2. Outstanding Mortgage Settlement: Provisions for settling existing mortgage and allocation of responsibility
3. Agent Commission: Details of real estate agent fees and payment responsibility
4. Temporary Occupation: Terms for temporary occupation by either party post-sale
1. Schedule 1 - Property Title Details: Copy of property title and ownership documents
2. Schedule 2 - Valuation Report: Professional valuation of the property
3. Schedule 3 - CPF Statements: CPF usage statements for both parties
4. Schedule 4 - Mortgage Statement: Current mortgage balance and payment history
5. Schedule 5 - Court Orders: Relevant divorce orders affecting property division
6. Schedule 6 - Property Photos: Current condition documentation of property
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