Purchaser as to title, contract, sale plan and these Conditions, the Vendor has (b) unwilling, because of difficulty, delay or expense or for other reasonableĬause, to remove or to comply with any objection or requisition of the See CaseStudy - 1 day late submission lawyerĥ Vendor’s Power of Recission 5.1 Where the Vendor is: (a) unable, or If within 14 days, no objection raised, Buyer is deemed to have waived objection. Or requisition not so raised is considered as waived.Ĥ.3 Time is of the essence of the contract for the purpose of this Condition. (c) within such extended time as the Vendor (b) 14 days after the Vendor has delivered the documents of title (or certified copies) to the Purchaser or (a) 14 days after the Vendor has notified the Purchaser that the documents of title may be inspected or Wishes to raise must be made by way of a written statement served on the Vendor within the following time limits: Of producing documents of title that are in the possession of his mortgagee (The Buyer toīear the expenses if in possession of seller)Ĥ Requisitions 4.1 Any objection or requisition in respect of Unless there are justifiable grounds for refusing.ģ.2.3 The loan is subject to an undertaking from the Purchaser’s solicitor to return theĭocuments of title at any time on demand, without any lien or claim. Solicitor requests the loan of the documents of title, the Vendor must comply with the request Of the Vendor’s solicitor or the morgagee’s solicitor for 14 days from the date of the contract for inspectionģ.2.2 Where the Purchaser is represented by a solicitor and the Purchaser’s That should be in the possession of the Vendor or his mortgagee, must be deposited at the office Sale of one or more units out of a multiple (b) The certified copies of the documents Stakeholder, Lawyer is entitled to earn interest on the deposit and if contract becomes unenforcible, Buyer can recover theģ Documents of Title 3.1 The Purchaser is entitled to inspect the documents of title. Dishonoured cheque means Seller can claim forfeiture on the basis of the cheque. (Remarks: a) The amount is to guarantee that the contract shall be performed. Immediately after the sale, the Purchaser must pay to the Auctioneer as stakeholder, a deposit of 10% of the purchase Up any lot or lots separately or together in any combination.ġ.3 The Auctioneer may withdraw the property or any lot or lots without declaring the reserve price. The order in which the lots are auctioned or Increase in each bid will be regulated by the Auctioneer.ġ.2 When the property is offered for sale in lots, the Auctioneer may – (b) if there is a dispute about any bid during the auction, the property must be put up again at the last undisputed bid (a) the property must be sold to the highest bidder OF SINGAPORE’S CONDITIONS OF SALE 1999 (33 conditions of sales)ġ.1 On a sale by auction, the following Conditions
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