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Deed Of Sale For House And Lot Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Sale For House And Lot

"I need a Deed of Sale for House and Lot for a Malaysian property with multiple owners selling to a single foreign buyer, including special provisions for obtaining Foreign Investment Committee approval and handling the staggered payment structure."

Document background
The Deed of Sale for House and Lot is a crucial legal instrument in Malaysian property transactions, essential for documenting and executing the transfer of residential property ownership. This document is required when selling or purchasing any house and lot in Malaysia, ensuring compliance with the National Land Code 1965 and related property legislation. It contains detailed information about the property, parties involved, purchase price, payment terms, warranties, and conditions for completion. The deed must be properly executed and stamped according to Malaysian law before being registered with the relevant Land Office. It provides legal protection for both vendors and purchasers while facilitating proper recording of the transaction in official land records.
Suggested Sections

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

2. Background: Recitals stating the Vendor's ownership, intention to sell, and Purchaser's intention to buy

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

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

5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment arrangements

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

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

8. Completion: Details of completion date, venue, and requirements for completion

9. Title and Documents: Requirements for delivery of title documents and execution of transfer instruments

10. Vacant Possession: Terms for delivering vacant possession of the property

11. Rights and Obligations: Ongoing rights and obligations of both parties

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

13. Notices: Process for serving notices between parties

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

Optional Sections

1. Strata Title Provisions: Required if the property is part of a stratified development, including provisions about management corporation and service charges

2. Tenancy Provisions: Required if the property is currently tenanted, addressing existing tenancy agreements

3. Developer's Consent: Required if the property is still under developer's interest or restriction

4. Bank Discharge: Required if there is an existing charge/mortgage to be discharged

5. Property Condition: Detailed provisions about the state and condition if the property is sold with specific fixtures or in a particular condition

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

7. Joint Ownership: Required if the purchase is made by multiple buyers, specifying ownership shares and rights

Suggested Schedules

1. Schedule 1 - Property Description: Detailed legal description of the property including boundaries, measurements, and title particulars

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

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

4. Schedule 4 - Outstanding Charges: List of any outstanding charges, taxes, or assessments to be settled

5. Schedule 5 - Title Conditions: List of existing conditions and restrictions on the land title

6. Appendix A - Property Plans: Certified plans showing property boundaries and building layout

7. Appendix B - Relevant Permits: Copies of relevant permits, certificates of fitness, and approvals

8. Appendix C - Power of Attorney: If applicable, power of attorney documentation for either party

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

Legal Services

Banking and Finance

Property Development

Construction

Property Management

Professional Services

Housing Development

Relevant Teams

Legal

Real Estate

Conveyancing

Property Management

Compliance

Documentation

Property Development

Sales

Risk Management

Administrative

Relevant Roles

Real Estate Lawyer

Property Lawyer

Conveyancing Executive

Real Estate Agent

Property Manager

Legal Manager

Compliance Officer

Property Developer

Bank Manager

Mortgage Officer

Land Administrator

Property Valuer

Title Search Officer

Legal Documentation Specialist

Real Estate Transaction Coordinator

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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