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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."
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
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
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
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Property Management
Professional Services
Housing Development
Legal
Real Estate
Conveyancing
Property Management
Compliance
Documentation
Property Development
Sales
Risk Management
Administrative
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
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