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The Joint Sale Agreement Property is a specialized legal document used in Malaysia when multiple property owners wish to sell their property jointly to a single buyer or group of buyers. This agreement is particularly important in scenarios involving inherited properties, family-owned assets, or investment properties with multiple stakeholders. The document must comply with Malaysian property law, particularly the National Land Code 1965, and includes crucial elements such as property details, ownership transfer terms, payment structures, and completion procedures. It's designed to protect all parties' interests while ensuring smooth transfer of property ownership, incorporating necessary provisions for joint seller coordination, buyer obligations, and regulatory compliance. The agreement is commonly used in both residential and commercial property transactions and must address specific Malaysian legal requirements regarding property transfer, stamp duty obligations, and foreign ownership restrictions where applicable.

1. Parties: Identification of all vendors (joint sellers) and purchaser(s), including their full legal names, identification numbers, and addresses

2. Background: Recitals explaining the current ownership structure, intention to sell, and brief context of the transaction

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Property Details: Comprehensive description of the property including title details, lot number, and exact measurements as per land title

5. Sale and Purchase: Core terms of the sale including purchase price, payment structure, and completion timeline

6. Conditions Precedent: Any conditions that must be fulfilled before the agreement becomes fully effective

7. Vendors' Obligations: Joint obligations of the sellers including delivery of documents, vacant possession, and pre-completion requirements

8. Purchaser's Obligations: Obligations of the buyer including payment terms, due diligence, and compliance requirements

9. Warranties and Representations: Warranties given by vendors regarding property title, encumbrances, and condition

10. Completion: Detailed completion procedures, including timing, location, and documentation requirements

11. Post-Completion Matters: Requirements after completion including registration of transfer and handover procedures

12. Default and Termination: Consequences of default by any party and termination provisions

13. Notices: Process for serving notices between parties

14. General Provisions: Standard boilerplate clauses including governing law, entire agreement, and severability