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The Offer To Purchase Real Estate Form Private Sale is a crucial document in Malaysian property transactions, typically used at the initial stage of a private property purchase. This document is essential when a potential buyer wishes to formalize their intention to purchase real estate directly from a private seller, as opposed to purchasing from a developer or through a public sale. The form must comply with Malaysian property law, including the National Land Code 1965 and the Contracts Act 1950, and typically includes detailed information about the property, purchase price, payment terms, conditions precedent, and completion requirements. It's particularly important in Malaysia where property transactions require specific formalities and must address unique requirements such as bumiputera quotas, foreign ownership restrictions, and state authority approvals where applicable.

1. Parties: Identification of the potential purchaser (offeror) and property owner (offeree), including full legal names, identification numbers, and addresses

2. Background: Brief context of the offer, including property owner's intention to sell and purchaser's intention to buy

3. Definitions: Key terms used throughout the document, including 'Property', 'Purchase Price', 'Deposit', 'Completion Date', etc.

4. Property Details: Complete legal description of the property, including title details, lot number, property address, and land area

5. Purchase Price: The offered purchase price in both numbers and words, including payment terms and schedule

6. Deposit: Amount of earnest deposit, payment method, holder of deposit, and conditions for refund or forfeiture

7. Due Diligence Period: Timeframe and conditions for conducting property inspections, title searches, and other investigations

8. Conditions Precedent: Essential conditions that must be fulfilled before the sale becomes binding, including financing and title requirements

9. Completion: Timeline and process for completing the purchase, including closing date and venue

10. Representations and Warranties: Standard declarations by both parties regarding their capacity to enter into the agreement and property condition

11. Costs and Expenses: Allocation of transaction costs including stamp duty, legal fees, and registration fees

12. Notices: Method and addresses for serving formal notices between parties

13. Time Period for Acceptance: Duration for which the offer remains valid

14. Execution: Signature blocks for all parties and witnesses