Document background
The Intent to Sell Agreement is a crucial preliminary document in Malaysian property transactions, serving as a formal commitment between a property seller and a potential buyer before executing the final Sale and Purchase Agreement. This document is particularly valuable when parties need to establish clear terms and conditions for a proposed property sale while allowing time for due diligence, financing arrangements, or other preliminary requirements. The agreement typically includes essential details such as property description, proposed purchase price, earnest money provisions, and the duration of the commitment to sell. Under Malaysian law, while not as binding as a final sale agreement, an Intent to Sell Agreement provides important legal protections and clarity for all parties involved in the preliminary stages of a property transaction.
