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House Agreement Contract for Malaysia

House Agreement Contract Template for Malaysia

A comprehensive legal document governed by Malaysian law that establishes the terms and conditions for the sale, purchase, or rental of residential property in Malaysia. This agreement complies with the National Land Code 1965, Contracts Act 1950, and other relevant Malaysian property legislation. It details the rights and obligations of all parties involved, including property specifications, payment terms, conditions of sale/rental, warranties, and remedies in case of default. The document incorporates specific Malaysian legal requirements for property transactions, including necessary provisions for both landed and stratified properties.

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House Agreement Contract

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What is a House Agreement Contract?

The House Agreement Contract is a fundamental legal document used in Malaysian property transactions, essential for both residential property sales and rentals. This document is structured to comply with Malaysian property law, including the National Land Code 1965, Housing Development Act 1966, and Contracts Act 1950. It is typically used when transferring property ownership or establishing a rental arrangement, providing comprehensive coverage of property details, payment terms, obligations of all parties, and specific conditions of the transaction. The agreement is crucial for protecting the interests of both parties and ensuring compliance with local regulations and requirements. It includes provisions for various property types, from landed houses to stratified properties, and can be adapted for different transaction scenarios while maintaining its core legal framework under Malaysian jurisdiction.

What sections should be included in a House Agreement Contract?

1. Parties: Identification and details of the seller/landlord and buyer/tenant, including full legal names, identification numbers, and addresses

2. Background: Context of the agreement, including brief property description and purpose of the transaction

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

4. Property Details: Comprehensive description of the property including address, land title details, and property specifications

5. Purchase Price/Rental Terms: Details of the purchase price or rental amount, payment terms, and payment schedule

6. Payment Method: Specified methods of payment and banking details

7. Completion Date: Timeline for completion of the sale/tenancy commencement and key milestones

8. Seller's/Landlord's Obligations: All obligations and warranties provided by the seller/landlord

9. Buyer's/Tenant's Obligations: All obligations and commitments of the buyer/tenant

10. Condition of Property: Description of the property's condition and any included fixtures and fittings

11. Insurance: Requirements for property insurance and responsibility for maintaining coverage

12. Default and Remedies: Consequences of default and available remedies for both parties

13. Termination: Circumstances and procedures for terminating the agreement

14. Notices: How formal notices between parties should be given and addressed

15. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction

16. Execution: Signature blocks and execution requirements

What sections are optional to include in a House Agreement Contract?

1. Strata Title Provisions: Required if the property is an apartment or condominium, covering management corporation rules and obligations

2. Renovation Clause: Include when modifications to the property are permitted, specifying conditions and requirements

3. Special Conditions: Any unique terms specific to this transaction or property

4. Property Management: Include for properties within managed communities or buildings

5. Utilities and Maintenance: Detailed breakdown of responsibility for utilities and maintenance if relevant

6. Option to Purchase: For rental agreements where tenant may have future purchase rights

7. Religious/Cultural Requirements: Special provisions related to religious or cultural use of the property

8. Environmental Provisions: Include if property has specific environmental considerations or requirements

What schedules should be included in a House Agreement Contract?

1. Schedule 1 - Property Description: Detailed property specifications, including floor plans and boundaries

2. Schedule 2 - Inventory List: Detailed list of fixtures, fittings, and furnishings included in the sale/rental

3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and installments

4. Schedule 4 - Property Condition Report: Detailed assessment of property condition at time of agreement

5. Schedule 5 - Special Terms: Any additional terms or conditions specific to this agreement

6. Appendix A - Property Title Documents: Copies of relevant land title and ownership documents

7. Appendix B - Property Photos: Photographic evidence of property condition

8. Appendix C - Relevant Certificates: Copies of certificates of fitness, strata titles, or other relevant certifications

Authors

Alex Denne

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

Jurisdiction

Malaysia

Cost

Free to use
Relevant legal definitions














































Clauses






























Relevant Industries

Real Estate

Property Development

Legal Services

Financial Services

Insurance

Property Management

Construction

Housing Development

Urban Planning

Banking

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Operations

Finance

Risk Management

Customer Service

Documentation

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Housing Developer

Bank Manager

Mortgage Officer

Property Valuer

Compliance Officer

Real Estate Director

Housing Development Manager

Legal Administrator

Contract Administrator

Property Consultant

Sales Manager

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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