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The Individual Agreement In Redevelopment is a crucial document used in Malaysian property development projects where existing properties are being redeveloped or renovated. This agreement is particularly relevant in urban renewal projects, property upgrading initiatives, and situations where individual property owners enter into arrangements with developers for property enhancement. The document is structured to comply with Malaysian property and development laws, including the National Land Code 1965, Housing Development Act 1966, and relevant local authority regulations. It typically includes comprehensive details about development specifications, timeline commitments, payment structures, and the respective obligations of both the property owner and developer. The agreement is essential for protecting both parties' interests while ensuring the redevelopment project meets all legal and regulatory requirements in Malaysia.

1. Parties: Identification of the property owner and developer, including full legal names, identification numbers, and addresses

2. Background: Context of the redevelopment agreement, including property details and development intention

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology

4. Scope of Redevelopment: Detailed description of the redevelopment work to be carried out

5. Property Details: Specific details of the subject property including title particulars and existing structure details

6. Developer's Obligations: Comprehensive list of developer's responsibilities including approvals, construction, and completion

7. Owner's Obligations: Owner's responsibilities including property access, cooperation with authorities

8. Development Timeline: Project schedule including commencement date, completion date, and key milestones

9. Consideration and Payment Terms: Financial terms including compensation, payment schedule, and method of payment

10. Warranties and Representations: Warranties by both parties regarding authority, title, and capacity

11. Development Specifications: Technical specifications of the redevelopment work

12. Approvals and Permits: Requirements for obtaining necessary governmental and regulatory approvals

13. Handover and Completion: Process for completion certification and property handover

14. Default and Remedies: Consequences of breach and available remedies

15. Termination: Circumstances and process for agreement termination

16. Notices: Process for formal communications between parties

17. Governing Law: Confirmation of Malaysian law application and jurisdiction