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The House Sales Contract On For Sale By Owner (FSBO) is specifically designed for use in Malaysia when property owners wish to sell their residential property directly to buyers without engaging a real estate agent. This approach has become increasingly popular as it can reduce transaction costs, though it requires careful attention to legal requirements. The document must comply with Malaysian property law, including the National Land Code 1965, Contracts Act 1950, and Stamp Act 1949. It includes essential elements such as property details, purchase price, payment terms, warranties, and completion requirements, ensuring that both parties' interests are protected throughout the transaction. This contract type is particularly relevant in the current digital age where many property owners are comfortable handling their own property sales while ensuring legal compliance.

1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses

2. Background: Brief context of the sale, including property ownership status and intention to sell

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Complete legal description of the property including title details, lot number, and address as per the land title

5. Purchase Price: Agreed purchase price and payment terms including deposit and completion payment details

6. Conditions Precedent: Essential conditions that must be fulfilled before completion

7. Completion: Timeline and process for completing the sale, including documentation requirements

8. Vendor's Warranties: Warranties regarding property ownership, encumbrances, and condition

9. Purchaser's Warranties: Warranties regarding financial capacity and compliance with relevant laws

10. Title and Transfer: Provisions regarding transfer of title and registration requirements

11. Costs and Taxes: Allocation of legal fees, stamp duty, and other transaction costs

12. Termination: Circumstances and procedures for contract termination

13. Notices: Process for serving notices between parties

14. Governing Law: Specification of Malaysian law as governing law and jurisdiction