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Vacant Land Sale Contract Template for Malaysia

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Key Requirements PROMPT example:

Vacant Land Sale Contract

"Need a Vacant Land Sale Contract for a 5-hectare agricultural plot in Pahang, Malaysia, where the purchaser is a Singapore-based company requiring foreign investment approval, with completion planned for March 2025."

Document background
The Vacant Land Sale Contract is essential for any transaction involving the transfer of undeveloped land in Malaysia. This document is utilized when parties wish to execute a legally binding agreement for the sale and purchase of vacant land, whether for development, investment, or other commercial purposes. It must comply with Malaysian federal laws, particularly the National Land Code 1965, as well as specific state regulations since land matters fall under state jurisdiction. The contract typically includes detailed property descriptions, payment terms, conditions precedent, warranties, and completion requirements. It's particularly crucial for ensuring proper title transfer and addressing any restrictions on land use or foreign ownership.
Suggested Sections

1. Parties: Identification and details of the Vendor and Purchaser

2. Background: Context of the transaction and brief description of the vacant land

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

4. Sale and Purchase: Core agreement to sell and purchase the land, including price and payment terms

5. Property Details: Detailed description of the land including title particulars, location, and size

6. Conditions Precedent: Conditions that must be fulfilled before completion of the sale

7. Vendor's Warranties: Warranties regarding title, encumbrances, and condition of the land

8. Completion: Process and requirements for completing the transaction

9. Title and Transfer: Provisions regarding transfer of title and registration

10. Default: Consequences and remedies in case of default by either party

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

12. Governing Law: Specification of Malaysian law as governing law and jurisdiction

Optional Sections

1. Foreign Investment Approval: Required when purchaser is a foreign entity or individual

2. Development Conditions: Included when there are specific development requirements or restrictions on the land

3. Environmental Warranties: Used when environmental conditions or contamination might be a concern

4. Native Title Considerations: Required for land in areas where native title claims might exist

5. Planning Permissions: Included when specific planning approvals are required or in process

6. Agent's Commission: Required when real estate agents are involved in the transaction

7. Subdivision: Included when the land requires subdivision before completion

Suggested Schedules

1. Land Details Schedule: Detailed technical description of the land including lot number, title details, and area

2. Payment Schedule: Breakdown of payment terms and installments

3. Title Search Results: Copy of recent land title search showing encumbrances and restrictions

4. Site Plan: Survey plan or site plan showing the land boundaries and features

5. Special Conditions: Any special conditions or requirements specific to the transaction

6. Due Diligence Results: Summary of key findings from due diligence investigations

7. Required Consents: List of required governmental or regulatory consents

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Relevant Industries

Real Estate Development

Agriculture

Industrial Development

Commercial Property

Infrastructure

Mining

Tourism

Renewable Energy

Manufacturing

Logistics

Relevant Teams

Legal

Real Estate

Property Development

Acquisitions

Investment

Compliance

Finance

Project Management

Operations

Risk Management

Relevant Roles

Real Estate Director

Property Development Manager

Legal Counsel

Land Acquisition Manager

Project Manager

Investment Analyst

Property Valuer

Compliance Officer

Real Estate Agent

Development Director

Chief Investment Officer

Land Surveyor

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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