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Resale Property Agreement For Sale
"I need a Resale Property Agreement For Sale for a double-story terrace house in Petaling Jaya, Malaysia, with completion scheduled for March 2025, including standard payment terms with a 10% deposit."
1. Parties: Identifies and provides full details of the Vendor and Purchaser, including their legal names, identification numbers, and addresses
2. Background: Sets out the context of the agreement, including that the Vendor is the registered proprietor of the property and wishes to sell it to the Purchaser
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Sale and Purchase: States the agreement to sell and purchase the property and the purchase price
5. Property Details: Comprehensive description of the property including title details, address, and land area
6. Payment Terms: Details the purchase price, deposit amount, and payment schedule
7. Conditions Precedent: Specifies conditions that must be fulfilled before completion of the sale
8. Vendor's Obligations: Lists all obligations and warranties provided by the Vendor
9. Purchaser's Obligations: Lists all obligations and commitments of the Purchaser
10. Completion: Details the completion process, including timing and requirements
11. Title and Transfer: Addresses transfer of title and related procedures
12. Default: Specifies consequences of default by either party
13. Notices: Specifies how formal notices should be given between parties
14. General Provisions: Standard contractual provisions including governing law, whole agreement, and amendments
1. Foreign Investment: Required when the Purchaser is a foreign national, addressing additional requirements under Malaysian law
2. Existing Tenancies: Required when the property is sold subject to existing tenancies
3. Renovation Works: Required when there are ongoing or planned renovation works
4. Bank Financing: Required when the purchase is contingent on obtaining bank financing
5. Strata Title: Required for apartments or condominiums under strata title
6. Real Property Gains Tax: Required when specific RPGT arrangements need to be documented
7. Vacant Possession: Required when specific terms about vacant possession need to be included
1. Schedule 1 - Property Details: Detailed description of the property including lot number, title details, and exact measurements
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and timeline
3. Schedule 3 - Title Particulars: Copy of land title or strata title particulars
4. Schedule 4 - Inventory List: List of fixtures and fittings included in the sale
5. Schedule 5 - Form 14A: Transfer of title form as required under National Land Code
6. Appendix A - Property Documents: Copies of relevant property documents including latest quit rent and assessment receipts
7. Appendix B - Due Diligence Results: Results of title and encumbrance searches
8. Appendix C - Property Photos: Current photographs of the property condition
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Property Management
Construction
Real Estate Investment
Property Consultancy
Facilities Management
Legal
Real Estate
Property Management
Sales
Compliance
Corporate Services
Risk Management
Operations
Documentation
Business Development
Real Estate Agent
Property Lawyer
Conveyancing Executive
Property Manager
Legal Counsel
Real Estate Manager
Property Consultant
Compliance Officer
Real Estate Broker
Title Officer
Property Valuer
Sales Director
Legal Director
Property Development Manager
Transaction Manager
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