The Agreement For Sale Of Mortgaged Property is a specialized legal instrument used in Malaysian property transactions where the subject property is encumbered by an existing mortgage. This document is essential when a property owner wishes to sell their mortgaged property while ensuring proper discharge of the existing mortgage and protection of all parties' interests. The agreement must comply with Malaysian legislation, particularly the National Land Code 1965, Contracts Act 1950, and relevant banking regulations. It includes comprehensive provisions for payment arrangements, mortgage discharge procedures, conditions precedent, and completion requirements. This document type is commonly used in both residential and commercial property transactions and requires careful coordination between the seller, purchaser, and the mortgagee bank to ensure successful completion of the sale.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Seller, Purchaser, and existing Mortgagee Bank
2. Background: Recitals explaining the current ownership, existing mortgage details, and intention to sell
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including purchase price and property details
5. Payment Terms: Structure and timing of payments, including deposit and balance payment arrangements
6. Discharge of Mortgage: Process and obligations regarding the discharge of existing mortgage
7. Conditions Precedent: Prerequisites to be fulfilled before completion
8. Completion: Procedures and requirements for completing the sale
9. Seller's Representations and Warranties: Seller's declarations regarding the property and their authority to sell
10. Purchaser's Representations and Warranties: Purchaser's declarations regarding their capacity to purchase
11. Default and Termination: Consequences of default and termination rights
12. Costs and Stamp Duty: Allocation of legal costs, stamp duties, and other expenses
1. Vacant Possession: Terms for delivering vacant possession, used when property is currently occupied
2. Rental Income: Provisions regarding existing tenancies and rental income, applicable for tenanted properties
3. Property Management: Responsibilities for property management during the transition period
4. Islamic Finance Compliance: Additional provisions for Shariah compliance, if applicable
5. Third Party Consents: Requirements for obtaining consents from relevant authorities or third parties
6. Tax Matters: Special tax considerations or arrangements, if applicable
7. Insurance: Provisions regarding property insurance during the transition period
1. Property Details: Detailed description of the property including title particulars and encumbrances
2. Payment Schedule: Detailed breakdown of payment terms and installments
3. Completion Documents: List of documents required for completion
4. Existing Tenancies: Details of any existing tenancy agreements
5. Form of Transfer: Prescribed form for transfer of title
6. Outstanding Payments: List of outstanding payments related to the property
7. Condition Report: Current condition of the property and any included fixtures/fittings
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking
Financial Services
Legal Services
Property Development
Construction
Investment
Housing Development
Relevant Teams
Legal
Real Estate
Property Management
Conveyancing
Compliance
Banking Operations
Mortgage Services
Property Development
Investment
Document Management
Relevant Roles
Legal Counsel
Property Lawyer
Real Estate Manager
Bank Manager
Mortgage Officer
Property Officer
Conveyancing Executive
Legal Executive
Compliance Officer
Real Estate Agent
Property Developer
Investment Manager
Banking Executive
Title Officer
Find the exact document you need
Motor Sale Agreement
A Malaysian law-governed agreement for the sale and purchase of motor vehicles, detailing terms, conditions, and ownership transfer requirements.
find out more
Car Buyer Seller Contract
A Malaysian law-governed agreement for the sale and purchase of motor vehicles, ensuring compliant transfer of vehicle ownership between parties.
find out more
Homesite Lease
A Malaysian law-compliant lease agreement for residential land use, governed by the National Land Code 1965 and state regulations.
find out more
Unconditional Contract Of Sale
A Malaysian law-governed unconditional contract that enables immediate and binding transfer of ownership from seller to buyer.
find out more
Lease To Purchase Contract
A Malaysian law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both leasing and buying phases.
find out more
Agreement To Sell Business
A Malaysian law-governed agreement that documents the formal transfer of business ownership from seller to buyer, including all key terms and conditions of the sale.
find out more
Real Estate Listing Contract
A Malaysian-law governed agreement between property owner and real estate agent establishing terms for property listing and sale.
find out more
Real Estate Installment Contract
A Malaysian law-governed agreement for the purchase of real estate through structured installment payments, outlining terms, conditions, and payment schedules.
find out more
Definitive Purchase Agreement
A Malaysian law-governed agreement that finalizes the terms and conditions for the purchase and sale of assets, shares, or a business.
find out more
Cross Purchase Buy Sell Agreement
A Malaysian law-governed agreement between shareholders establishing terms for purchasing each other's shares upon specific triggering events.
find out more
Absolute Agreement Of Sale
A Malaysian law-governed agreement for the absolute and unconditional transfer of ownership from seller to purchaser.
find out more
Used Car Sale Contract
A Malaysian law-governed contract for the sale and purchase of used vehicles, ensuring legal compliance and protecting both buyer and seller interests.
find out more
Software Sales Contract
A Malaysian law-governed agreement for software sales and licensing, detailing terms of sale, usage rights, and obligations between vendor and purchaser.
find out more
Simple Home Sale Contract
A Malaysian law-governed contract for residential property sale and purchase, incorporating essential elements for legal property transfer.
find out more
Sales Rep Contract
Malaysian-law governed agreement establishing terms between a company and sales representative, including territory rights, commission structure, and compliance requirements.
find out more
House Sale Agreement Form
A Malaysian law-governed agreement for the sale and purchase of residential property, detailing terms, conditions, and obligations of both parties.
find out more
Wholesale Contract
A Malaysian law-governed agreement establishing terms and conditions for wholesale trading relationships between commercial parties.
find out more
Sales Commission Contract
A Malaysian law-governed agreement establishing terms and commission structures for sales representatives and their principal companies.
find out more
Conditional Sale Agreement Land
A Malaysian law-governed agreement for the conditional sale and purchase of land, subject to specific conditions and completion requirements.
find out more
Commission Agent Agreement
A Malaysian law-governed agreement establishing terms between a principal and commission agent for sales representation and commission-based compensation.
find out more
Motor Vehicle Retail Installment Sales Contract
A Malaysian law-compliant contract for the sale of motor vehicles through installment payments, incorporating mandatory provisions under the Hire-Purchase Act 1967.
find out more
Personal Goodwill Purchase Agreement
A Malaysian law-governed agreement for the purchase and transfer of individual personal goodwill, including professional reputation and customer relationships.
find out more
Dealer Consignment Form
A Malaysian law-governed agreement establishing terms for dealers to sell goods on consignment basis, defining rights and obligations of both consignor and consignee.
find out more
Purchase And Sale Agreement For House
A Malaysian law-governed agreement documenting the sale and purchase of residential property, including all essential terms and conditions for property transfer.
find out more
Sale With Buyback Agreement
A Malaysian law-governed agreement for the sale of assets with predetermined buyback terms, suitable for both conventional and Islamic finance transactions.
find out more
Offer To Purchase Real Estate Form Private Sale
A Malaysian legal document presenting a formal offer to purchase real estate from a private seller, outlining purchase terms and conditions under Malaysian law.
find out more
Multi Family Purchase And Sale Agreement
A Malaysian law-governed agreement for the purchase and sale of multi-family residential properties, addressing property transfer, tenancies, and regulatory compliance requirements.
find out more
Commercial Real Estate Purchase Contract
A Malaysian law-governed agreement for the sale and purchase of commercial real estate, ensuring compliant transfer of property ownership.
find out more
Agreement For Sale Of Mortgaged Property
A Malaysian law-governed agreement for the sale of mortgaged property, detailing terms of sale and mortgage discharge procedures.
find out more
Sale Of Shares In Private Company Agreement
A Malaysian law-governed agreement for the sale and purchase of shares in a private company, detailing transaction terms and regulatory compliance requirements.
find out more
Sale And Construction Agreement
A Malaysian law-governed agreement combining property sale and construction obligations, structured to comply with local housing development and construction regulations.
find out more
New Car Purchase Agreement
A Malaysian law-governed agreement for the purchase of a new vehicle, detailing terms of sale, specifications, and obligations of both dealer and buyer.
find out more
Sale Of Partnership Interest Agreement
A Malaysian law-governed agreement facilitating the sale and transfer of partnership interests between parties, including terms, conditions, and regulatory compliance requirements.
find out more
Vehicle Installment Sale Agreement
A Malaysian law-governed agreement for vehicle purchase through installment payments, outlining payment terms, ownership rights, and parties' obligations.
find out more
Commercial Property Sale Contract
A Malaysian law-governed agreement for the sale and purchase of commercial property, establishing terms, conditions, and requirements for property transfer.
find out more
Sub Sale Agreement
A Malaysian legal document governing the sale of property between a current owner and new buyer, compliant with Malaysian property laws and regulations.
find out more
Assignment Of Purchase And Sale Agreement
A Malaysian law-governed agreement transferring rights and obligations under an existing Sale and Purchase Agreement from an original purchaser to a new purchaser.
find out more
Simple Buy Sell Agreement
A Malaysian law-governed agreement documenting the basic terms and conditions for the sale and purchase of goods between two parties.
find out more
Sale Of Sole Proprietorship Business Agreement
A Malaysian law-governed agreement for the complete transfer of ownership and assets of a sole proprietorship business from seller to buyer.
find out more
Bulk Sale Agreement
A Malaysian law-governed agreement for large-volume commercial transactions, detailing terms for bulk sale and purchase of goods between businesses.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)