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Deed Of Absolute Sale Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Absolute Sale

"I need a Deed of Absolute Sale for a residential property in Kuala Lumpur, with completion scheduled for March 2025, including provisions for existing tenants who will remain in the property after the sale."

Document background
The Deed of Absolute Sale is a crucial legal instrument in Malaysian property transactions, used when there is a complete and permanent transfer of property ownership from one party to another. This document is essential for both residential and commercial property transactions in Malaysia and must comply with the National Land Code 1965 and other relevant legislation. The deed includes comprehensive details about the property, parties involved, purchase price, and warranties, serving as the primary evidence of the transaction. It requires proper execution before witnesses and must be registered with the relevant Land Office. The document is particularly important as it forms the basis for updating the land title register and transferring legal ownership in Malaysia's land registration system.
Suggested Sections

1. Parties: Identifies and provides complete details of the Vendor/Seller and Purchaser/Buyer including names, identification numbers, and addresses

2. Background: Establishes the context of the sale, including the Vendor's ownership and right to sell the property

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Property Details: Comprehensive description of the property including lot number, title details, area, boundaries, and any registered encumbrances

5. Consideration: States the purchase price and payment terms including acknowledgment of receipt

6. Vendor's Warranties: Essential warranties regarding title, capacity to sell, and property condition

7. Transfer of Title: Explicit statement transferring absolute ownership from Vendor to Purchaser

8. Possession: Terms regarding the delivery of vacant possession

9. Execution: Formal execution clause and attestation requirements

Optional Sections

1. Conditions Precedent: Used when there are specific conditions that must be fulfilled before completion of the sale

2. Outstanding Charges: Include when there are existing charges, caveats, or encumbrances that need to be cleared

3. Strata Title Provisions: Required when the property is under strata title, addressing maintenance fees and sinking funds

4. Power of Attorney: Include when either party is acting through an attorney

5. GST/Tax Provisions: Required when specific tax arrangements need to be addressed

6. Native Land Provisions: Include for properties subject to native land restrictions

7. Tenancy Provisions: Required when the property is subject to existing tenancies

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including exact measurements and boundaries

2. Title Schedule: Copy of the land title or strata title particulars

3. Inventory Schedule: List of fixtures and fittings included in the sale

4. Payment Schedule: Breakdown of payment terms if payment is to be made in installments

5. Encumbrance Schedule: List of existing encumbrances, charges or caveats affecting the property

6. Power of Attorney: Copy of power of attorney if applicable

7. Required Consents: Copies of any required consents from authorities or third parties

Authors

Alex Denne

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

Relevant legal definitions
























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Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Construction

Hospitality

Retail

Industrial

Agricultural

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretarial

Finance

Operations

Investment

Business Development

Risk Management

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Conveyancing Executive

Property Development Manager

Land Administrator

Compliance Officer

Real Estate Agent

Property Investment Manager

Contract Manager

Legal Director

Company Secretary

Property Administrator

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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