[P106S0560] Popular or Proper Understanding & Use of Sale & Purchase Transaction Documents including Option to Purchase (PPOTP)
CPD Category: Professional (2 CPD credits awarded)
Course Duration: 3.0 hours
Course Synopsis
- How a real estate sale and purchase contract is formed.
- Documents not intended to be binding.
- Documents made “subject to contract”.
- Common documents are used to bind parties to the sale and purchase.
- Concept and mechanics of the Option to Purchase.
- Typical terms in an Option to Purchase.
- Law Society’s Conditions of Sale 2012.
- The need for special terms.
- Case studies.
- The approach to take in a particular transaction.
Course Objective(s):
- To examine the different documents being used in sale and purchase transactions.
- To consider whether the popular understanding and use of such documents are proper.
- To consider the appropriate approach to take in a particular transaction.
- To understand the concept and mechanics of the Option to Purchase and know how to use it properly.
About the Trainer
Benjamin Yeo, Consultant, Keystone Law Corporation
Benjamin graduated from the National University of Singapore (Honours) in 1979 and served in the Singapore Government Legal Service from 1979 – 1983. His main areas of practice include Conveyancing, Real Property, Commercial and Corporate Law. He served as the Deputy Registrar of Land Titles and Deputy Controller of Residential Property before joining the private sector in 1983. Benjamin has extensive experience in both simple and complex transactions, such as franchises, joint ventures, corporate mergers, property development and collective land sales.
He has worked with an extensive clientele including multinational corporations, banks, government agencies, property developers and retail chains. In 1993, Benjamin co-founded M/s Yeo Wu & Thian and headed the Admin & Personnel and Conveyancing Departments. In 2001, he also co-founded Infinitus Law Corporation, heading its Admin & Personnel and Conveyancing Departments. He was a tutor for Conveyancing and Real Property in the Post-graduate Practice Law Course for graduate lawyers from 1986 to 1992. He was also a Commissioner for Oaths and Notary Public from 1996 to 2002. Benjamin’s practice covers overseas countries such as China, Malaysia and Indonesia. He also advises on project start-ups, international transactions, business strategies and corporate planning and management.