The Acknowledgement Receipt Of Property is a crucial document used in Malaysian business and personal transactions to formally record the transfer of property possession. It serves multiple purposes: providing legal proof of receipt, documenting the property's condition at transfer, and establishing the terms of possession. This document is essential in Malaysia where proper documentation of property transfers is required for legal protection and compliance with the Evidence Act 1950 and Contracts Act 1950. It's commonly used in business operations, asset management, and personal transactions where formal acknowledgment of property receipt is necessary. The document can cover both movable and immovable property, though specific requirements may vary based on the property type and transaction context.
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1. Header Information: Date, reference number, and title of document
2. Recipient Details: Full name, identification/registration number, and address of the person receiving the property
3. Provider Details: Full name, identification/registration number, and address of the person/entity providing the property
4. Property Description: Detailed description of the property being received, including identifying features, serial numbers, or unique characteristics
5. Receipt Acknowledgement: Clear statement acknowledging receipt of the described property
6. Property Condition: Statement describing the condition of the property at the time of receipt
7. Signature Block: Space for signatures, names, dates, and witness details if required
1. Purpose of Receipt: Used when the property is received for a specific purpose or temporary period
2. Return Conditions: Include when the property is to be returned, specifying the terms and conditions of return
3. Third Party Authorization: Required when someone is receiving property on behalf of another person or entity
4. Value Declaration: Include when the value of the property needs to be officially recorded
5. Special Conditions: Any specific conditions or restrictions related to the property's use or handling
1. Property Details Schedule: Detailed list or inventory of property items when multiple items are involved
2. Photographic Evidence: Photographs documenting the condition of the property at the time of receipt
3. Supporting Documents: Copies of relevant documents such as identification, authorization letters, or property ownership proof
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Manufacturing
Logistics
Education
Healthcare
Retail
Construction
Information Technology
Banking and Finance
Hospitality
Professional Services
Government and Public Sector
Relevant Teams
Operations
Administration
Facilities Management
Asset Management
Procurement
Legal
Compliance
Supply Chain
Logistics
Property Management
Corporate Services
Relevant Roles
Facility Manager
Asset Manager
Operations Manager
Administrative Officer
Property Manager
Procurement Officer
Logistics Coordinator
Inventory Controller
Office Manager
Department Head
Corporate Secretary
Legal Officer
Compliance Manager
Supply Chain Manager
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