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Agreement To Sell Land

Agreement To Sell Land Template for Malaysia

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Key Requirements PROMPT example:

Agreement To Sell Land

"I need an Agreement to Sell Land for a commercial property transaction in Kuala Lumpur, where my company is purchasing a 3-story office building with completion scheduled for March 2025, including provisions for existing tenants."

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Document background
The Agreement To Sell Land is a crucial legal document used in Malaysian property transactions when transferring land ownership from one party to another. This agreement is essential for both commercial and residential property transactions in Malaysia, requiring compliance with the National Land Code 1965, state-specific land rules, and other relevant legislation. The document typically includes detailed property descriptions, purchase price, payment terms, conditions precedent, warranties, and completion procedures. It serves as the primary contract protecting both parties' interests and ensuring legal compliance in land transactions. The agreement must account for unique aspects of Malaysian property law, including requirements for state authority consent where applicable, Bumiputera quotas in certain cases, and proper registration with the land office.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses

2. Background: Recitals explaining the ownership of the land, intention to sell/purchase, and any relevant context

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core agreement to sell and purchase the property at the agreed price

5. Purchase Price: Details of the purchase price and payment terms

6. Conditions Precedent: Essential conditions that must be fulfilled before completion

7. Vendor's Representations and Warranties: Warranties about the property's title, encumbrances, and condition

8. Completion: Procedures and requirements for completing the sale

9. Default: Consequences and remedies in case of default by either party

10. Notices: Process for serving notices between parties

11. Governing Law: Specification of Malaysian law as governing law and jurisdiction

Optional Sections

1. Existing Tenancies: Required if the property has existing tenants, detailing their rights and treatment post-sale

2. Development Conditions: Needed if the land is subject to specific development requirements or restrictions

3. Environmental Matters: Include if there are environmental concerns or requirements for the land

4. Native Title Claims: Required if the land might be subject to native title claims

5. Planning Permissions: Include if specific planning permissions are required or in place

6. Spousal Consent: Required if the vendor is married and the property is matrimonial property

7. Agricultural Conditions: Include if the land is subject to agricultural conditions or restrictions

Suggested Schedules

1. Property Description: Detailed description of the land including title details, lot number, and area

2. Payment Schedule: Breakdown of payment installments and timing

3. Title Particulars: Copy of land title and relevant title details

4. Encumbrances: List of existing encumbrances, charges, or caveats

5. Form 14A: Statutory transfer form under the National Land Code

6. Completion Checklist: List of documents required for completion

7. Property Plans: Site plans, building plans, or surveys if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Relevant Industries

Real Estate

Property Development

Agriculture

Industrial Manufacturing

Retail

Hospitality

Construction

Infrastructure

Mining

Energy

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Business Development

Investment

Operations

Facilities Management

Project Development

Asset Management

Finance

Relevant Roles

Real Estate Lawyer

Property Manager

Land Development Manager

Real Estate Agent

Property Developer

Legal Counsel

Conveyancing Executive

Business Development Manager

Investment Manager

Asset Manager

Facilities Manager

Construction Manager

Project Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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