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The Real Estate Purchase And Sale Agreement Form is a crucial legal document used in Malaysian property transactions to formalize the transfer of real estate ownership. It serves as the primary contract between vendors and purchasers, incorporating requirements from the National Land Code 1965, Contracts Act 1950, and other relevant Malaysian legislation. This document is essential for both residential and commercial property transactions, providing comprehensive coverage of property details, purchase terms, payment schedules, and completion requirements. It includes specific provisions for Malaysian property law compliance, such as foreign ownership restrictions, land office requirements, and state-specific regulations. The agreement protects both parties' interests by clearly defining their rights, obligations, and remedies while ensuring the transaction meets all legal requirements for property transfer in Malaysia.

1. Parties: Identification and details of the Vendor and Purchaser, including full names, identification numbers, and addresses

2. Background: Brief context of the transaction and confirmation of the Vendor's ownership and right to sell

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including title details, lot number, built-up area, and location

5. Purchase Price: Agreed purchase price and payment terms including deposit, balance, and payment schedule

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

7. Vendor's Obligations: Responsibilities and warranties of the seller including title guarantee and property condition

8. Purchaser's Obligations: Responsibilities of the buyer including payment obligations and due diligence

9. Completion: Requirements and procedure for completing the sale, including documentation and timing

10. Title and Transfer: Process and requirements for transferring property title

11. Representations and Warranties: Standard warranties about property ownership, encumbrances, and condition

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

13. Costs and Expenses: Allocation of transaction costs including legal fees, stamp duty, and registration fees

14. Notices: Process for giving formal notices under the agreement

15. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction