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Real Estate Buyers Agreement Form Template for Malaysia

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Key Requirements PROMPT example:

Real Estate Buyers Agreement Form

"I need a Real Estate Buyers Agreement Form for purchasing a commercial property in Kuala Lumpur's business district, with completion scheduled for March 2025, including special provisions for existing tenant arrangements and parking rights."

Document background
The Real Estate Buyers Agreement Form is a crucial legal document used in Malaysian property transactions to formalize the sale and purchase of real estate. This document is essential when any party wishes to purchase property in Malaysia, whether for residential, commercial, or industrial purposes. It must comply with various Malaysian legislation including the National Land Code 1965, Contracts Act 1950, and relevant state-specific property laws. The agreement typically includes detailed property descriptions, purchase price, payment terms, conditions precedent, and completion requirements. It serves as the primary reference document throughout the transaction process and can be used for both primary market (developer sales) and secondary market (sub-sale) transactions. The document is designed to protect both buyers' and sellers' interests while ensuring compliance with local property regulations and transfer requirements.
Suggested Sections

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

2. Background: Brief context of the transaction and property ownership status

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

4. Property Details: Comprehensive description of the property including lot number, title details, size, and location

5. Purchase Price: Agreed purchase price and payment terms including deposit and completion amounts

6. Payment Terms: Detailed schedule of payments, including deposit, progressive payments, and completion sum

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

8. Vendor's Obligations: Responsibilities and warranties of the seller including title guarantee and property condition

9. Purchaser's Obligations: Responsibilities of the buyer including payment obligations and due diligence

10. Completion: Details of the completion process, including timing and requirements

11. Default Provisions: Consequences and remedies in case of default by either party

12. Notices: Process for serving notices between parties

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

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Strata Title Provisions: Required when the property is a strata-titled property such as apartment or condominium

2. Developer Consent: Required when the property is still under developer's control or has developer's interest

3. Bank Consent: Required when the property is currently charged to a bank

4. Tenancy Provisions: Required when the property is currently tenanted

5. GST Provisions: Required when the transaction is subject to Goods and Services Tax

6. Property Management: Required for properties in managed communities with maintenance fees

7. Renovation Conditions: Required when specific renovation terms need to be agreed upon

8. Estate Agency Provisions: Required when real estate agents are involved in the transaction

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including boundaries, fixtures, and fittings

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

3. Schedule 3 - Title Particulars: Copy of land title or strata title details

4. Schedule 4 - Inventory List: List of fixtures, fittings, and furniture included in the sale

5. Appendix A - Property Documents: Copies of relevant property documents including title, assessments, and quit rent receipts

6. Appendix B - Property Plans: Floor plans, location maps, and other relevant property plans

7. Appendix C - Photographs: Current photographs of the property and its condition

8. Appendix D - Regulatory Approvals: Copies of relevant permits, certificates, and approvals

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

Banking & Finance

Legal Services

Property Development

Construction

Property Management

Commercial Property

Residential Property

Industrial Property

Professional Services

Relevant Teams

Legal

Real Estate

Conveyancing

Property Management

Sales

Compliance

Finance

Business Development

Risk Management

Operations

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancing Executive

Property Developer

Bank Manager

Mortgage Officer

Property Valuer

Legal Director

Real Estate Manager

Property Investment Advisor

Compliance Officer

Transaction Manager

Sales Director

Property Consultant

Land 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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