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The Apartment Purchase Contract is a vital legal instrument used in Malaysian property transactions for the sale and purchase of residential apartment units. This document is essential when a developer or vendor sells an apartment unit to a purchaser, whether the property is under construction or completed. The contract must comply with Malaysia's Housing Development (Control and Licensing) Act 1966 and its regulations, which provide strict requirements for such agreements to protect purchasers' interests. It encompasses crucial elements such as property details, payment schedules, construction specifications, completion timelines, and post-completion obligations. The agreement is particularly important in the Malaysian context due to the prevalence of strata properties and the specific legal framework governing their sale and management. It serves as both a sale agreement and a reference document for the ongoing relationship between the developer and purchaser until the property's strata title is transferred.

1. Parties: Identification of the Vendor/Developer and Purchaser with full legal names and details

2. Background: Context of the transaction, including property development details and relevant permits/approvals

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

4. Property Details: Specific description of the apartment unit, including lot number, floor area, and location within the development

5. Purchase Price: Statement of the purchase price and payment schedule in accordance with statutory requirements

6. Payment Terms: Detailed payment structure including installments, deposit, and completion payments

7. Completion Period: Timeline for completion of construction and delivery of vacant possession

8. Specifications and Plans: Reference to building specifications, materials, and approved plans

9. Developer's Obligations: Developer's commitments including construction, obtaining approvals, and delivery

10. Purchaser's Obligations: Purchaser's commitments including payments, compliance with rules, and maintenance

11. Title and Ownership: Provisions regarding strata title issuance and transfer of ownership

12. Defects Liability: Defect warranty period and rectification obligations

13. Common Property: Rights and obligations regarding common areas and facilities

14. Maintenance Charges: Service charges, sinking fund, and insurance obligations

15. Default and Termination: Consequences of default and termination procedures

16. Notices: Requirements for serving notices between parties

17. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction

18. Execution: Signature blocks and execution formalities