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Deed Of Sale Of Condominium Unit Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Sale Of Condominium Unit

"I need a Deed of Sale of Condominium Unit for a foreign buyer purchasing a luxury unit in Kuala Lumpur, with completion scheduled for March 2025, including specific clauses about foreign ownership approval and renovation restrictions."

Document background
The Deed of Sale of Condominium Unit is a crucial legal instrument in Malaysian property transactions, used when transferring ownership of strata-titled residential units. This document is essential for both private sales and developer-to-buyer transactions, ensuring compliance with Malaysian property laws including the Strata Titles Act 1985 and the National Land Code 1965. It contains comprehensive details about the property, parties involved, financial terms, and legal obligations, serving as the primary evidence of the transaction and the basis for title transfer registration. The deed is particularly important in Malaysia's growing condominium market, where proper documentation and legal compliance are crucial for protecting both buyers' and sellers' interests.
Suggested Sections

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

2. Background: Recitals establishing the Vendor's ownership, property details, and intention to sell

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

4. Property Details: Comprehensive description of the condominium unit, including unit number, floor area, and share in common property

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

6. Payment Terms: Detailed breakdown of payment schedule and method of payment

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

8. Vendor's Obligations: Responsibilities and warranties of the seller

9. Purchaser's Obligations: Responsibilities and commitments of the buyer

10. Completion: Terms and procedures for completing the sale and transfer of the property

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

12. Representations and Warranties: Standard warranties about the property's condition and ownership

13. Default and Termination: Consequences of default and termination provisions

14. Notices: Process for giving notices under the deed

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

Optional Sections

1. Foreign Ownership Approval: Required when the purchaser is a foreign national, detailing necessary approvals

2. Mortgage Terms: Included when the purchase involves bank financing

3. Property Management: Special conditions regarding management corporation and maintenance fees

4. Renovation Restrictions: Specific terms about permitted renovations and restrictions

5. Car Park Assignment: Details of any car park lots included in the sale

6. Vacant Possession: Terms for delivery of vacant possession if the unit is currently occupied

7. GST/Tax Provisions: Special provisions regarding tax implications where applicable

Suggested Schedules

1. Property Schedule: Detailed description of the property including floor plan and specifications

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Inventory List: List of fixtures, fittings, and furnishings included in the sale

4. Title Particulars: Copy of the strata title or details from the land office

5. Vendor's Documentation: Copies of required documents from the vendor

6. House Rules: Copy of the condominium's house rules and regulations

7. Maintenance Agreement: Details of maintenance fees and sinking fund contributions

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



























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Relevant Industries

Real Estate

Property Development

Legal Services

Banking and Financial Services

Property Management

Construction

Insurance

Professional Services

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Corporate Services

Documentation

Operations

Risk Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Conveyancing Executive

Property Developer

Sales Director

Compliance Officer

Banking Officer

Property Consultant

Real Estate Investment Manager

Title Officer

Contract Administrator

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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