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Real Estate Buyout Agreement
"I need a Real Estate Buyout Agreement for purchasing a commercial office building in Kuala Lumpur, Malaysia, with a completion date of March 15, 2025, including provisions for existing tenants and staged payments."
1. Parties: Identifies and provides full details of the buyer and seller, including registration numbers for companies or NRIC for individuals
2. Background: Contextual information about the property and the purpose of the buyout agreement
3. Definitions: Defines key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, title details, and exact measurements as per land title
5. Purchase Price: States the agreed purchase price and payment terms
6. Payment Terms: Details of payment schedule, deposit requirements, and completion payment
7. Conditions Precedent: Conditions that must be fulfilled before completion of the sale
8. Completion: Requirements and procedures for completing the transaction
9. Seller's Warranties: Warranties regarding property title, condition, and encumbrances
10. Buyer's Warranties: Warranties regarding financial capacity and authority to purchase
11. Default and Termination: Consequences of default and circumstances allowing termination
12. Notices: Process for serving notices between parties
13. Governing Law: Confirms Malaysian law as governing law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Foreign Investment Approval: Required when buyer is a foreign entity, detailing compliance with foreign investment regulations
2. Existing Tenancies: Details of existing tenants and treatment of tenancies post-completion
3. Property Management: Arrangements for managing the property between exchange and completion
4. Development Conditions: Required when property is part of a development project with specific conditions
5. Environmental Matters: Required when there are environmental concerns or requirements
6. Strata Title Provisions: Required for apartments or condominiums under strata title
7. GST/Tax Provisions: Detailed tax arrangements when specific tax considerations apply
8. Third Party Consents: Required when the transaction needs approval from specific authorities or third parties
1. Property Schedule: Detailed property description, including plans and title particulars
2. Payment Schedule: Detailed breakdown of payment terms and installments
3. Completion Requirements: Checklist of documents and requirements for completion
4. Existing Encumbrances: List of existing charges, liens, or other encumbrances
5. Form of Transfer: Prescribed form for property transfer under National Land Code
6. Due Diligence Results: Summary of property and legal due diligence findings
7. Inventory List: List of fixtures, fittings, and other items included in the sale
8. Required Consents: List of necessary approvals and consent requirements
Authors
Real Estate
Property Development
Construction
Legal Services
Financial Services
Investment Management
Commercial Property
Residential Property
Industrial Property
Property Investment
Legal
Real Estate
Property Management
Compliance
Investment
Due Diligence
Asset Management
Acquisitions
Risk Management
Finance
Real Estate Lawyer
Property Manager
Investment Manager
Real Estate Agent
Property Developer
Legal Counsel
Compliance Officer
Contract Manager
Real Estate Investment Director
Property Acquisition Manager
Due Diligence Officer
Transaction Manager
Asset Manager
Real Estate Portfolio Manager
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