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Notice Of Intent To Sell Template for Malaysia

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Key Requirements PROMPT example:

Notice Of Intent To Sell

"I need a Notice of Intent to Sell for my tenanted residential property in Kuala Lumpur, ensuring compliance with Malaysian tenant notification laws and including a planned sale date of March 2025."

Document background
The Notice of Intent to Sell is a crucial document in Malaysian property transactions that formally initiates the sale process of a property. It is commonly used when property owners need to notify relevant parties, such as tenants, property managers, or other stakeholders, of their intention to sell. The document is particularly important in Malaysia where property transactions are governed by specific legal requirements under the National Land Code 1965 and related legislation. This notice typically includes detailed property information, proposed timelines, and relevant contact details. It serves multiple purposes: protecting the seller's interests, informing stakeholders of the impending sale, and ensuring compliance with legal requirements. The document is especially critical when dealing with tenanted properties, as it triggers certain legal rights and obligations under Malaysian tenancy laws.
Suggested Sections

1. Sender's Details: Full name, address, and contact information of the property owner/seller

2. Date: The date of the notice

3. Recipient's Details: Name and address of the recipient (if applicable, such as for tenants or specific interested parties)

4. Subject Line: Clear indication that this is a Notice of Intent to Sell

5. Property Details: Complete legal description of the property including lot number, title details, and address

6. Declaration of Intent: Clear statement of intention to sell the property

7. Proposed Timeline: Intended timeframe for the sale

8. Signature Block: Signature of the owner/seller with full name and date

Optional Sections

1. Asking Price: Include when the seller wishes to state the intended selling price

2. Tenant Rights Notice: Required when the property is currently tenanted, outlining their rights under Malaysian law

3. Property Agent Details: Include when a property agent has been appointed to handle the sale

4. Current Encumbrances: Include when there are existing loans, liens, or other encumbrances on the property

5. Viewing Arrangements: Include when specifying arrangements for property viewings

6. Special Conditions: Any special conditions or requirements for the sale

Suggested Schedules

1. Property Title Details: Copy of the land title or strata title

2. Property Photos: Recent photographs of the property

3. Floor Plan: Layout and measurements of the property

4. Valuation Report: Recent property valuation report (if available)

5. Tenancy Agreement: Copy of current tenancy agreement (if property is tenanted)

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

Property Management

Legal Services

Banking & Finance

Construction

Residential Housing

Commercial Property

Industrial Property

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Asset Management

Compliance

Administrative Services

Facilities Management

Client Relations

Document Control

Property Operations

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Property Lawyer

Conveyancing Executive

Property Developer

Asset Manager

Facilities Manager

Compliance Officer

Real Estate Investment Manager

Property Administrator

Tenant Relations Manager

Building Manager

Legal Administrator

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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