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Simple Property Sale Agreement
"I need a Simple Property Sale Agreement for a residential property in Kuala Lumpur, with completion scheduled for March 2025, including specific provisions for existing tenant arrangements and renovation works in progress."
1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Full legal description of the property including title details and address
5. Purchase Price: Statement of the agreed purchase price and payment terms
6. Deposit: Details of the deposit amount, payment method, and holding arrangements
7. Completion: Timing and procedures for completing the sale
8. Vendor's Obligations: Responsibilities and warranties of the seller
9. Purchaser's Obligations: Responsibilities and obligations of the buyer
10. Condition of Property: Statement about the condition in which the property will be transferred
11. Title and Transfer: Provisions regarding clean title and transfer procedures
12. Default: Consequences of default by either party
13. Governing Law: Specification that Malaysian law governs the agreement
14. Execution: Signature blocks and execution requirements
1. Tenancies: Required if the property is currently tenanted or has existing lease agreements
2. Fixtures and Fittings: Detailed when specific items are included or excluded from the sale
3. Strata Title Provisions: Needed for apartments or properties under strata management
4. Conditions Precedent: Include when sale is subject to specific conditions being met
5. Financial Institution Provisions: Required when purchase involves bank financing
6. GST/Tax Provisions: Include when specific tax arrangements need to be addressed
7. Property Management: Needed for properties within managed developments
8. Renovation/Alteration Provisions: Include when property requires or has ongoing works
1. Schedule 1 - Property Description: Detailed legal description of the property including lot number, title details, and boundaries
2. Schedule 2 - Purchase Price Breakdown: Itemized breakdown of the purchase price including deposits and payment schedule
3. Schedule 3 - Inventory List: List of fixtures, fittings, and items included in the sale
4. Schedule 4 - Title Particulars: Copy of land title or strata title details
5. Schedule 5 - Form 14A Template: Template of the statutory transfer form required under National Land Code
6. Appendix A - Property Plans: Floor plans, location maps, and other relevant property drawings
7. Appendix B - Photographs: Current photographs of the property and included items
8. Appendix C - Relevant Certificates: Copies of relevant certificates (e.g., CCC, strata title)
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Real Estate Investment
Property Management
Residential Property
Commercial Property
Professional Services
Legal
Real Estate
Compliance
Property Management
Sales
Corporate Services
Risk Management
Operations
Document Administration
Business Development
Real Estate Agent
Property Lawyer
Conveyancing Executive
Property Manager
Legal Counsel
Bank Manager
Property Developer
Real Estate Investment Manager
Compliance Officer
Real Estate Broker
Title Officer
Property Valuer
Sales Director
Legal Administrator
Real Estate Transaction Coordinator
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