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Sale And Purchase Deed

Sale And Purchase Deed Template for Malaysia

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Key Requirements PROMPT example:

Sale And Purchase Deed

"I need a Sale and Purchase Deed for the transfer of a commercial warehouse property in Kuala Lumpur from ABC Manufacturing Sdn Bhd to XYZ Logistics Sdn Bhd, with completion scheduled for March 2025 and including specific provisions for existing tenant agreements."

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Document background
The Sale and Purchase Deed is a crucial legal instrument in Malaysian property transactions, used to formalize and document the transfer of real property ownership. This deed is essential when completing a property sale transaction in Malaysia, whether for residential, commercial, or industrial properties. The document must comply with the National Land Code 1965 and other relevant Malaysian legislation, including requirements for proper execution, witnessing, and registration. The deed includes comprehensive details about the property, parties involved, purchase price, warranties, and conditions of sale. It serves as the primary evidence of the property transfer and must be properly stamped and registered with the relevant land office to effect the transfer of title.
Suggested Sections

1. Parties: Identification and details of the Vendor(s) and Purchaser(s), including full names, identification numbers, and addresses

2. Background: Recitals explaining the ownership of the property, intention to sell/purchase, and any relevant background information

3. Definitions: Definitions of key terms used throughout the deed

4. Sale and Purchase: Core agreement for the sale and purchase of the property, including the agreement to sell and purchase

5. Property Description: Detailed description of the property being sold, including title details and reference to the property schedule

6. Purchase Price: Statement of the purchase price and payment terms

7. Conditions Precedent: Any conditions that must be fulfilled before completion of the sale

8. Completion: Details of the completion process, including timing, location, and requirements

9. Vendor's Warranties: Warranties given by the vendor regarding the property and their capacity to sell

10. Title and Capacity: Confirmation of the vendor's title to the property and capacity to sell

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

12. Notices: Procedure for giving notices under the deed

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

Optional Sections

1. Strata Title Provisions: Additional provisions required for strata properties, including management corporation obligations and shared facilities

2. Tenancy Provisions: Required if the property is subject to existing tenancies that will continue after completion

3. Planning Permissions: Relevant for properties requiring specific planning permissions or with development potential

4. GST Provisions: Required if the transaction is subject to Goods and Services Tax

5. Property Insurance: Provisions regarding transfer or procurement of property insurance

6. Additional Warranties: Specific warranties required for unique property features or circumstances

7. Third Party Consents: Required when the sale is subject to third party approvals

8. Environmental Matters: For properties with environmental considerations or obligations

Suggested Schedules

1. Property Schedule: Detailed description of the property including lot number, title details, and exact measurements

2. Title Particulars: Copy or extract of the land title and any relevant title conditions

3. Inventory Schedule: List of fixtures, fittings, and other items included in the sale

4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Outstanding Charges: List of any outstanding charges, rates, or assessments affecting the property

6. Existing Encumbrances: Details of any existing encumbrances, easements, or restrictions on the property

7. Completion Requirements: Checklist of documents and requirements for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


































Clauses




























Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Construction

Hospitality

Retail

Industrial

Agriculture

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Secretarial

Operations

Facilities Management

Asset Management

Investment

Risk Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Corporate Secretary

Land Administrator

Property Development Manager

Contract Manager

Real Estate Agent

Investment Manager

Property Lawyer

Conveyancing Executive

Title Officer

Asset Manager

Facilities Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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