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The Residential Real Estate Purchase Contract serves as the primary legal instrument for residential property transactions in Malaysia. It is essential for documenting the terms and conditions of property transfers between sellers and buyers, ensuring compliance with Malaysian property laws, including the National Land Code 1965 and state-specific regulations. This document is required for all residential property purchases, whether involving landed properties, apartments, or condominiums. It must address specific Malaysian legal requirements such as land title registration, foreign ownership restrictions where applicable, and can accommodate both conventional and Islamic financing arrangements. The contract typically includes detailed property descriptions, payment terms, conditions precedent, warranties, and completion requirements, while also incorporating necessary provisions for stamp duty payments and regulatory compliance.

1. Parties: Identification of buyer and seller with full legal names, identification numbers, and addresses as required under Malaysian law

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement, including Malaysian legal terminology

4. Property Details: Comprehensive description of the property including lot number, title details, and land office registration information

5. Purchase Price: Agreed purchase price and payment terms, including deposit requirements and completion payment

6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and banking details

7. Conditions Precedent: Conditions that must be fulfilled before completion, including property inspection and title searches

8. Seller's Representations and Warranties: Seller's declarations regarding property ownership, encumbrances, and compliance with local regulations

9. Buyer's Representations and Warranties: Buyer's declarations regarding capacity to purchase and compliance with foreign ownership restrictions if applicable

10. Completion: Requirements and procedures for completion of the sale, including documentation and registration requirements

11. Default and Termination: Consequences of default by either party and circumstances for contract termination

12. Stamp Duty and Costs: Allocation of stamp duty, legal fees, and other transaction costs

13. Notices: Process for serving notices between parties

14. Governing Law: Specification of Malaysian law as governing law and jurisdiction