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Real Estate Contract For Sale By Owner
"I need a Real Estate Contract For Sale By Owner for selling my residential property in Kuala Lumpur, Malaysia, with a completion date of March 15, 2025, ensuring all standard warranties and Malaysian property transfer requirements are included."
1. Parties: Identification of the Seller and Buyer with full legal names, identification numbers, and addresses
2. Background: Brief context of the transaction and property ownership status
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price
5. Property Details: Detailed description of the property including lot number, title details, and address
6. Payment Terms: Structure and timeline of payments, including deposit and completion payment
7. Conditions Precedent: Conditions that must be fulfilled before completion
8. Completion: Details of the completion process, timing, and requirements
9. Seller's Warranties: Warranties regarding property ownership, condition, and encumbrances
10. Buyer's Warranties: Warranties regarding ability to purchase and fund the transaction
11. Title and Transfer: Provisions regarding transfer of title and registration requirements
12. Notices: How formal notices between parties should be given
13. Governing Law: Confirmation of Malaysian law governance and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Tenant Provisions: Required if the property is currently tenanted, addressing handover of tenancy
2. Foreign Ownership: Required if buyer is non-Malaysian, addressing specific requirements and approvals
3. Strata Title Provisions: Required for apartments or condominiums under strata title
4. Renovation Works: Required if there are ongoing or planned renovation works
5. Property Management: Required for properties within managed communities
6. Bank Financing: Required if purchase is contingent on obtaining bank financing
7. Fixtures and Fittings: Optional section detailing included/excluded items if not standard
8. Agent Provisions: Required if real estate agents are involved in the transaction
1. Property Details Schedule: Detailed property information including exact measurements and boundaries
2. Payment Schedule: Detailed breakdown of payment structure and timing
3. Fixtures and Fittings List: Comprehensive list of items included/excluded in the sale
4. Title Documents: Copies of relevant title documents and land office records
5. Property Condition Report: Current condition of the property with photographs
6. Outstanding Charges: List of any outstanding charges, taxes or fees
7. Relevant Permits: Copies of building permits, certificates of fitness, etc.
8. Execution Requirements: Details of documentation required for completion
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Housing Development
Investment
Legal
Property Management
Real Estate
Compliance
Finance
Administration
Risk Management
Corporate Services
Investment
Operations
Property Owner
Property Buyer
Legal Counsel
Property Manager
Bank Manager
Mortgage Officer
Property Valuer
Land Office Administrator
Compliance Officer
Real Estate Investment Manager
Company Director
Chief Financial Officer
Legal Administrator
Property Development Manager
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