The Real Estate Offer Form is a crucial initial document in Malaysian property transactions, used when a potential buyer wishes to formally express interest in purchasing a property. This document, governed by Malaysian property and contract law, serves as the first step in the property acquisition process. It includes comprehensive details about the property, proposed purchase price, payment terms, conditions precedent, and completion timeline. The form is designed to comply with local legal requirements while being suitable for both residential and commercial property transactions. It provides a structured way to present an offer while protecting both parties' interests through clear terms and conditions, and can be used for various types of properties including landed properties, apartments, and commercial spaces.
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1. Parties: Identification and details of the potential purchaser (offeror) and property owner (vendor)
2. Property Details: Complete description of the property including lot number, title details, address, and land area
3. Purchase Price: Proposed purchase price and payment terms including earnest deposit details
4. Payment Terms: Structure of payment including deposits, progressive payments, and completion payment
5. Offer Validity Period: Duration for which the offer remains valid and requires acceptance
6. Conditions Precedent: Essential conditions that must be fulfilled before proceeding with the purchase
7. Completion Period: Proposed timeline for completing the transaction
8. Mode of Acceptance: How the vendor should communicate acceptance of the offer
9. Declaration: Offeror's declaration of financial capability and commitment to the purchase
10. Execution: Signing section for offeror and witness
1. Strata Property Details: Additional section for apartments/condominiums including maintenance fees, sinking fund, and management details
2. Tenancy Details: Section addressing existing tenancy if the property is currently tenanted
3. Renovation Terms: Details of any agreed renovations or modifications to be completed before completion
4. Furnishing List: If the offer includes furniture or fittings, detailed list and conditions
5. Special Conditions: Any unique terms or conditions specific to the transaction
6. Bank Financing: Details of proposed financing arrangements if purchase is subject to loan approval
1. Schedule A - Property Details: Detailed property information including exact measurements, boundaries, and title particulars
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and timeline
3. Schedule C - Inventory List: List of fixtures, fittings, or furniture included in the offer
4. Appendix 1 - Property Photos: Recent photographs of the property's interior and exterior
5. Appendix 2 - Location Map: Property location map and surrounding amenities
6. Appendix 3 - Supporting Documents: Copies of relevant documents such as title search, strata title (if applicable), and identification documents
Relevant legal definitions
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Relevant Industries
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Property Management
Investment
Residential Property
Commercial Property
Property Consulting
Relevant Teams
Legal
Real Estate
Sales
Property Management
Compliance
Business Development
Investment
Operations
Documentation
Client Relations
Relevant Roles
Real Estate Agent
Property Manager
Legal Counsel
Conveyancing Lawyer
Property Developer
Bank Officer
Investment Manager
Property Consultant
Real Estate Broker
Compliance Officer
Property Valuer
Sales Manager
Business Development Manager
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