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Real Estate Transfer Agreement
"I need a Real Estate Transfer Agreement for the sale of my residential property in Kuala Lumpur to a local buyer, with completion scheduled for March 2025 and including provisions for existing tenant arrangements."
Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses
2. Background: Brief context of the transaction and property ownership history
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including title details, lot number, and address as per National Land Code requirements
5. Purchase Price: Agreed purchase price and payment terms including deposit and completion amounts
6. Conditions Precedent: Conditions that must be fulfilled before completion of the sale
7. Vendor's Warranties: Warranties regarding property ownership, encumbrances, and condition
8. Completion: Details of completion process, timing, and requirements
9. Title and Transfer: Provisions regarding transfer of title and registration requirements
10. Costs and Taxes: Allocation of stamp duty, legal fees, and other transaction costs
11. Risk and Insurance: Transfer of risk and insurance obligations
12. Notices: Process for serving notices between parties
13. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Strata Title Provisions: Required for apartments or condominiums under the Strata Titles Act
2. Foreign Investment Compliance: Required when purchaser is a foreign entity or individual
3. Islamic Law Compliance: Required when either party is Muslim or property is subject to Shariah law
4. Tenant Provisions: Required when property is currently tenanted
5. Developer's Obligations: Required for new properties or those under construction
6. Environmental Matters: Required for industrial properties or those with environmental concerns
7. GST Provisions: Required when transaction is subject to Goods and Services Tax
8. Renovation/Alteration Terms: Required when property includes ongoing or planned renovations
1. Property Schedule: Detailed property description, including lot number, title details, and land area
2. Payment Schedule: Breakdown of payment terms, installments, and due dates
3. Inventory List: List of fixtures, fittings, and furniture included in the sale
4. Title Particulars: Copy of land title and relevant title details
5. Encumbrances Schedule: List of existing encumbrances, charges, or caveats
6. Outstanding Payments: List of outstanding utilities, assessments, or other charges
7. Required Consents: List of necessary approvals and consents required for the transfer
8. Completion Documents: List of documents required for completion
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Hospitality
Retail
Industrial
Commercial Property
Residential Property
Legal
Real Estate
Finance
Compliance
Property Management
Corporate Secretarial
Investment
Operations
Risk Management
Business Development
Legal Counsel
Property Manager
Real Estate Agent
Conveyancing Lawyer
Company Director
Financial Controller
Property Developer
Investment Manager
Compliance Officer
Real Estate Investment Manager
Corporate Secretary
Land Administrator
Project Manager
Asset Manager
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