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Land Buying Agreement
"I need a Land Buying Agreement for the purchase of a 2-acre industrial plot in Selangor, Malaysia, from a corporate seller, with completion scheduled for March 2025 and including specific conditions for existing tenant rights."
1. Parties: Identification and details of the Vendor and Purchaser, including full names, identification numbers, and addresses
2. Background: Context of the transaction, brief description of the property, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the land, including title details, lot number, land area, and category of land use
5. Purchase Price: Agreed purchase price and payment terms, including deposit and completion amounts
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
7. Conditions Precedent: Conditions that must be fulfilled before completion of the sale
8. Completion: Process and requirements for completing the transaction
9. Vendor's Warranties: Warranties regarding title, encumbrances, and property condition
10. Purchaser's Warranties: Warranties regarding capacity to purchase and source of funds
11. Title and Transfer: Provisions regarding transfer of title and registration process
12. Default and Termination: Consequences of default and termination rights
13. Notices: Method and addresses for serving notices between parties
14. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
1. Development Conditions: Required when the land is subject to development plans or restrictions
2. Native Title Matters: Needed when dealing with native land or indigenous rights
3. Environmental Conditions: Required when there are environmental concerns or requirements
4. Third Party Rights: Included when there are existing tenancies or other third-party interests
5. Planning Permissions: Required when future development is contemplated
6. Agricultural Conditions: Needed for agricultural land with specific restrictions or requirements
7. Shariah Compliance: Required when parties wish to ensure compliance with Islamic law principles
8. State Consent: Required when the transaction requires specific state authority approval
1. Property Schedule: Detailed description of the property including boundaries, measurements, and plans
2. Title Particulars: Copy of land title and detailed particulars of the property registration
3. Payment Schedule: Detailed breakdown of payment terms and milestone payments
4. Execution Requirements: List of documents required for completion
5. Encumbrances Schedule: List of existing encumbrances, charges, or restrictions on the land
6. Form 14A: Statutory transfer form under the National Land Code
7. Property Plan: Survey plans and location maps of the property
8. Vendor's Documents: List of all documents to be delivered by vendor at completion
Authors
Real Estate
Property Development
Agriculture
Industrial Manufacturing
Retail
Hospitality
Infrastructure
Mining
Education
Healthcare
Logistics
Renewable Energy
Legal
Real Estate
Finance
Compliance
Operations
Property Management
Business Development
Risk Management
Corporate Affairs
Project Management
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Property Manager
Real Estate Director
Development Manager
Land Acquisition Manager
Commercial Director
Investment Manager
Compliance Officer
Project Manager
Operations Director
Corporate Secretary
Risk Manager
Finance Manager
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