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Land Buying Agreement Template for Malaysia

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Key Requirements PROMPT example:

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."

Document background
The Land Buying Agreement is a crucial legal instrument used in Malaysian property transactions to formalize the sale and purchase of land between parties. This document is essential when any individual or entity wishes to acquire land in Malaysia, whether for personal use, development, or commercial purposes. The agreement must comply with the National Land Code 1965, state-specific regulations, and other relevant Malaysian legislation. It typically includes comprehensive details about the property, parties involved, purchase price, payment terms, conditions precedent, warranties, and completion requirements. The document's structure and content are designed to protect both parties' interests while ensuring compliance with local land laws, including requirements for state consent where applicable, consideration of native title rights, and adherence to land use restrictions.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Property Development

Agriculture

Industrial Manufacturing

Retail

Hospitality

Infrastructure

Mining

Education

Healthcare

Logistics

Renewable Energy

Relevant Teams

Legal

Real Estate

Finance

Compliance

Operations

Property Management

Business Development

Risk Management

Corporate Affairs

Project Management

Relevant Roles

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

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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