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Property Waiver Form
"I need a Property Waiver Form for a residential property in Kuala Lumpur where I'm waiving my inheritance rights to my family home in favor of my younger sibling, to be effective from March 1, 2025."
1. Parties: Identification of the party giving the waiver (Waiving Party) and the party receiving the benefit of the waiver (Beneficiary), including full legal names, identification numbers, and addresses
2. Background: Context of the waiver, including reference to the property, existing rights, and reason for the waiver
3. Definitions: Definitions of key terms used in the waiver form, including 'Property', 'Rights', 'Effective Date', and other relevant terms
4. Property Details: Specific description of the property including lot number, title details, address, and relevant property identifiers as per National Land Code requirements
5. Rights Being Waived: Clear and specific description of the rights, claims, or interests being waived
6. Consideration: Statement of consideration (if any) being provided in exchange for the waiver
7. Representations and Warranties: Declarations by the Waiving Party regarding their authority to waive the rights and ownership of the property
8. Irrevocability: Statement confirming the irrevocable nature of the waiver
9. Execution: Formal execution block including signature lines, witness requirements, and attestation
1. Condition Precedent: Used when the waiver is subject to certain conditions being met before becoming effective
2. Duration: Include when the waiver is temporary or has a specific time limitation
3. Governing Law and Jurisdiction: While Malaysian law applies by default, this section may be included for additional clarity or in cases involving international parties
4. Notices: Include when ongoing communications between parties may be necessary
5. Successors and Assigns: Include when the waiver needs to bind future successors or assigns of either party
6. Spouse Consent: Required when the property involves matrimonial rights or interests
1. Property Description Schedule: Detailed technical description of the property including boundaries, measurements, and relevant land office details
2. Title Documents: Copies of relevant title documents and property ownership proof
3. Rights Description: Detailed description of specific rights being waived if too extensive for main document
4. Power of Attorney: If applicable, authorization documents for representatives executing the waiver
5. Related Agreements: Copies of any related agreements referenced in the waiver
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Infrastructure Development
Commercial Property Management
Residential Property Management
Industrial Property
Urban Planning and Development
Legal
Real Estate
Property Management
Compliance
Land Administration
Contract Administration
Documentation
Risk Management
Corporate Affairs
Operations
Legal Counsel
Property Manager
Real Estate Developer
Land Administrator
Compliance Officer
Property Rights Specialist
Contract Manager
Real Estate Attorney
Property Development Manager
Legal Administrative Officer
Land Officer
Property Rights Coordinator
Real Estate Transaction Manager
Legal Documentation Specialist
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