Document background
The Deed of Assignment of Equitable Interest is a vital legal instrument in Malaysian property transactions, particularly in situations where the master title has not yet been subdivided or individual titles have not been issued. This document is commonly used in new property developments or subsale transactions where separate titles are pending. The deed transfers the beneficial ownership rights while maintaining the legal title with the original owner until formal registration can occur. It must comply with Malaysian property law requirements and includes detailed information about the property, parties involved, consideration paid, and any encumbrances or conditions affecting the interest being transferred. The document is essential for protecting the purchaser's rights and facilitating property financing arrangements.
