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The Area Residential Purchase Contract is a standardized legal document used in Malaysia for residential property transactions. It serves as the primary agreement between a seller and buyer of residential property, ensuring compliance with Malaysian property law, particularly the National Land Code 1965 and the Contracts Act 1950. This document is essential for both new property purchases and secondary market transactions, incorporating all necessary elements for a valid property transfer in Malaysia. The Area Residential Purchase Contract includes provisions for property description, purchase price, payment terms, conditions precedent, completion requirements, and specific Malaysian legal requirements such as land office registration procedures and stamp duty obligations. It can be adapted for various residential property types, including landed properties and strata titles, and can accommodate both conventional and Islamic financing arrangements.

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

2. Background: Brief context of the transaction and property ownership status

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

4. Property Details: Complete description of the property including lot number, title details, and exact measurements

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

6. Conditions Precedent: Conditions that must be fulfilled before completion of the sale

7. Completion: Terms and process for completing the sale, including timing and deliverables

8. Vendor's Obligations: Responsibilities and warranties of the seller including property condition and title guarantee

9. Purchaser's Obligations: Responsibilities of the buyer including payment obligations and due diligence

10. Title and Transfer: Provisions regarding transfer of title and registration process

11. Default and Termination: Consequences of default by either party and termination provisions

12. Costs and Stamp Duty: Allocation of transaction costs and stamp duty responsibilities

13. Notices: How formal notices between parties should be given

14. General Provisions: Standard legal provisions including governing law and dispute resolution