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The Property Sale Agreement serves as the primary legal instrument for property transactions in Malaysia, essential for both residential and commercial property transfers. It must comply with the National Land Code 1965, Contracts Act 1950, and other relevant Malaysian legislation. This document is used whenever there is a transfer of property ownership, whether between private individuals, companies, or other entities. It contains crucial elements such as property details, purchase price, payment terms, conditions precedent, completion requirements, and warranties. The agreement must account for Malaysia's unique legal framework, including considerations for both civil and Shariah law where applicable, foreign ownership restrictions, and specific requirements for different property types (landed, strata, commercial). It forms the basis for the subsequent transfer of title and is typically required by financial institutions for property financing.

1. Parties: Identifies and provides full details of the Vendor and Purchaser, including their names, identification numbers, and addresses

2. Background: Establishes the context of the sale, confirming the Vendor's ownership and intention to sell, and the Purchaser's intention to buy

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Property Details: Comprehensive description of the property including title details, lot number, size, and location

5. Purchase Price: States the agreed purchase price and payment terms, including deposit and balance payment arrangements

6. Conditions Precedent: Lists any conditions that must be fulfilled before the agreement becomes fully effective

7. Completion: Details the completion process, including timing, location, and requirements for transfer of title

8. Vendor's Obligations: Lists all obligations of the Vendor, including delivery of vacant possession and necessary documentation

9. Purchaser's Obligations: Specifies all obligations of the Purchaser, including payment terms and documentation requirements

10. Representations and Warranties: Contains warranties about the property's condition, title, and other relevant matters

11. Default Provisions: Outlines consequences and remedies in case either party defaults

12. Governing Law: Specifies that Malaysian law governs the agreement and details jurisdiction for disputes

13. Notices: Specifies how formal notices between parties should be given and when they're deemed received

14. General Provisions: Contains standard boilerplate clauses including entire agreement, variations, and severability