The House Agreement Contract is a fundamental legal document used in Malaysian property transactions, essential for both residential property sales and rentals. This document is structured to comply with Malaysian property law, including the National Land Code 1965, Housing Development Act 1966, and Contracts Act 1950. It is typically used when transferring property ownership or establishing a rental arrangement, providing comprehensive coverage of property details, payment terms, obligations of all parties, and specific conditions of the transaction. The agreement is crucial for protecting the interests of both parties and ensuring compliance with local regulations and requirements. It includes provisions for various property types, from landed houses to stratified properties, and can be adapted for different transaction scenarios while maintaining its core legal framework under Malaysian jurisdiction.
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1. Parties: Identification and details of the seller/landlord and buyer/tenant, including full legal names, identification numbers, and addresses
2. Background: Context of the agreement, including brief property description and purpose of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, land title details, and property specifications
5. Purchase Price/Rental Terms: Details of the purchase price or rental amount, payment terms, and payment schedule
6. Payment Method: Specified methods of payment and banking details
7. Completion Date: Timeline for completion of the sale/tenancy commencement and key milestones
8. Seller's/Landlord's Obligations: All obligations and warranties provided by the seller/landlord
9. Buyer's/Tenant's Obligations: All obligations and commitments of the buyer/tenant
10. Condition of Property: Description of the property's condition and any included fixtures and fittings
11. Insurance: Requirements for property insurance and responsibility for maintaining coverage
12. Default and Remedies: Consequences of default and available remedies for both parties
13. Termination: Circumstances and procedures for terminating the agreement
14. Notices: How formal notices between parties should be given and addressed
15. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
16. Execution: Signature blocks and execution requirements
1. Strata Title Provisions: Required if the property is an apartment or condominium, covering management corporation rules and obligations
2. Renovation Clause: Include when modifications to the property are permitted, specifying conditions and requirements
3. Special Conditions: Any unique terms specific to this transaction or property
4. Property Management: Include for properties within managed communities or buildings
5. Utilities and Maintenance: Detailed breakdown of responsibility for utilities and maintenance if relevant
6. Option to Purchase: For rental agreements where tenant may have future purchase rights
7. Religious/Cultural Requirements: Special provisions related to religious or cultural use of the property
8. Environmental Provisions: Include if property has specific environmental considerations or requirements
1. Schedule 1 - Property Description: Detailed property specifications, including floor plans and boundaries
2. Schedule 2 - Inventory List: Detailed list of fixtures, fittings, and furnishings included in the sale/rental
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and installments
4. Schedule 4 - Property Condition Report: Detailed assessment of property condition at time of agreement
5. Schedule 5 - Special Terms: Any additional terms or conditions specific to this agreement
6. Appendix A - Property Title Documents: Copies of relevant land title and ownership documents
7. Appendix B - Property Photos: Photographic evidence of property condition
8. Appendix C - Relevant Certificates: Copies of certificates of fitness, strata titles, or other relevant certifications
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Relevant Teams
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