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Sales Contract For House Template for Malaysia

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Key Requirements PROMPT example:

Sales Contract For House

"I need a Sales Contract For House under Malaysian law for a three-bedroom residential property in Kuala Lumpur, with completion scheduled for March 2025 and including specific provisions for existing tenant management during the transition period."

Document background
The Sales Contract For House is a fundamental legal document used in Malaysian property transactions to formalize the sale and purchase of residential properties. It serves as the primary agreement between a vendor and purchaser, incorporating mandatory provisions required under Malaysian law, particularly the National Land Code 1965, Contracts Act 1950, and Housing Development Act 1966. This document is essential when transferring ownership of houses, bungalows, terraced houses, semi-detached houses, and similar residential properties in Malaysia. It includes crucial details such as property specifications, purchase price, payment terms, completion timeline, warranties, and various conditions precedent. The contract ensures compliance with local property laws while protecting the interests of all parties involved in the transaction.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses

2. Background: Brief context of the sale, including property ownership status and intention to sell/purchase

3. Definitions: Key terms used throughout the agreement including 'Property', 'Purchase Price', 'Completion Date', etc.

4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price

5. Purchase Price: Details of the purchase price, payment schedule, and deposit requirements

6. Property Details: Comprehensive description of the property including title details, land area, and built-up area

7. Conditions Precedent: Conditions that must be fulfilled before completion, including legal requirements and approvals

8. Completion: Timeline and procedures for completing the sale, including documentation and handover requirements

9. Vendor's Warranties: Warranties regarding property ownership, condition, and encumbrances

10. Purchaser's Warranties: Warranties regarding financial capacity and compliance with relevant laws

11. Title and Documents: Requirements for title transfer and necessary documentation

12. Default and Termination: Consequences of default and circumstances for termination

13. Notices: Process for serving notices between parties

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

Optional Sections

1. Environmental Matters: Additional warranties and requirements regarding environmental conditions, used when property is in environmentally sensitive areas

2. Strata Title: Specific provisions for strata properties, including management corporation matters, used for apartments/condominiums

3. Renovation Works: Terms regarding existing or planned renovation works, used when property requires or has pending renovations

4. Tenancy: Provisions dealing with existing tenants, used when property is currently tenanted

5. Developer's Consent: Requirements for developer's approval, used for first-time subsale of properties still under developer's control

6. Bank Consent: Requirements for existing mortgagee's consent, used when property has existing charges

Suggested Schedules

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

2. Schedule 2 - Payment Schedule: Breakdown of payment terms, installments, and due dates

3. Schedule 3 - Inventory List: List of fixtures, fittings, and furniture included in the sale

4. Schedule 4 - Form of Transfer: Prescribed form for property transfer under National Land Code

5. Appendix A - Property Photos: Recent photographs of the property's interior and exterior

6. Appendix B - Title Search: Recent land title search results showing encumbrances and restrictions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































Clauses


























Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Housing & Urban Development

Relevant Teams

Legal

Real Estate

Compliance

Sales

Property Management

Contract Administration

Mortgage Services

Property Development

Risk Management

Relevant Roles

Real Estate Lawyer

Property Conveyancer

Real Estate Agent

Property Manager

Legal Counsel

Compliance Officer

Bank Manager

Mortgage Officer

Property Developer

Sales Director

Contract Administrator

Real Estate Transaction 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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