Document background
The Deed of Purchase is a fundamental legal instrument in Malaysian property transactions, essential for documenting the transfer of property ownership. It is primarily used when conducting property sales in Malaysia, whether for residential, commercial, or industrial properties. The document must comply with Malaysian legal requirements, including the National Land Code 1965, Contracts Act 1950, and Stamp Act 1949. The deed includes crucial details such as party information, property description, purchase price, payment terms, warranties, and completion requirements. It requires proper execution and attestation to be legally valid and must be stamped and registered with relevant authorities. This document type is particularly important as it provides conclusive evidence of the property transfer and protects the interests of both vendors and purchasers under Malaysian law.
