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Buy Sale Agreement Form
"I need a Buy Sale Agreement Form for a residential property purchase in Kuala Lumpur, Malaysia, where the property is currently tenanted and the existing lease needs to continue until March 2025 under the new ownership."
1. Parties: Identification and details of the Vendor and Purchaser, including full names, identification numbers, and addresses
2. Background: Brief context of the transaction and property ownership status
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price
5. Property Details: Comprehensive description of the property including title details, location, and size
6. Payment Terms: Purchase price, deposit amount, and payment schedule
7. Conditions Precedent: Conditions that must be fulfilled before completion of the sale
8. Vendor's Representations and Warranties: Warranties about property ownership, condition, and encumbrances
9. Purchaser's Representations and Warranties: Warranties about purchaser's capacity and ability to complete purchase
10. Completion: Requirements and procedures for completing the transaction
11. Default and Termination: Consequences of breach and termination rights
12. Notices: How formal communications between parties should be made
13. Governing Law and Jurisdiction: Confirmation of Malaysian law application and jurisdiction
14. General Provisions: Standard boilerplate clauses including entire agreement, variations, and severability
1. Strata Title Provisions: Required when the property is a strata-titled unit, covering management corporation rules and maintenance fees
2. Developer's Consent: Needed when the property is still under developer's control or has restrictions on transfer
3. Bank Consent: Required when the property is charged to a bank and requires discharge
4. Tenancy Provisions: Included when the property is currently tenanted
5. GST Provisions: Required when the transaction is subject to Goods and Services Tax
6. Foreign Investment Provisions: Required when purchaser is a foreign national or entity
7. Property Condition: Detailed provisions about property condition when selling as-is or with specific issues
8. Renovation Works: Required when there are ongoing or planned renovation works
1. Schedule 1 - Property Details: Detailed property description, including lot number, title details, and exact measurements
2. Schedule 2 - Purchase Price and Payment Terms: Detailed breakdown of purchase price and payment schedule
3. Schedule 3 - Property Documents: List of all title and property-related documents to be delivered
4. Schedule 4 - Fixtures and Fittings: Inventory of items included/excluded in the sale
5. Appendix A - Copy of Title: Copy of land title or strata title
6. Appendix B - Property Plans: Floor plans, location plans, and other relevant drawings
7. Appendix C - Vendor's Documents: Copies of relevant permits, certificates, and approvals
8. Appendix D - Form 14A: Prescribed transfer form under National Land Code
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Retail
Manufacturing
Hospitality
Commercial Property
Residential Property
Legal
Real Estate
Compliance
Property Management
Business Development
Facilities Management
Contract Administration
Asset Management
Corporate Affairs
Risk Management
Legal Counsel
Property Manager
Real Estate Agent
Conveyancing Lawyer
Property Developer
Compliance Officer
Contract Administrator
Real Estate Director
Property Investment Manager
Business Development Manager
Facilities Manager
Corporate Lawyer
Real Estate Analyst
Asset Manager
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