Document background
The Real Estate Intent To Purchase Form is a critical preliminary document in Malaysian property transactions, typically used before proceeding to a full Sale and Purchase Agreement. This document is essential when a potential buyer wishes to formally express their serious intention to purchase a property while reserving the right to conduct due diligence and negotiate final terms. It provides protection for both parties during the negotiation phase by establishing clear terms for earnest money, exclusivity periods, and basic conditions. The document must comply with Malaysian property law requirements and typically includes provisions for foreign ownership restrictions where applicable. While not as comprehensive as a final purchase agreement, it serves as a crucial tool for securing the property during negotiations and establishing the framework for the eventual transaction.
