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Commercial Real Estate Contract
"I need a Commercial Real Estate Contract for the purchase of a 50,000 square foot industrial warehouse in Penang, Malaysia, with completion scheduled for March 2025, including specific provisions for existing tenant transfer and environmental compliance requirements."
1. Parties: Identification of the vendor/seller and purchaser/buyer with full legal names and registration details
2. Background: Context of the transaction and brief description of the property
3. Definitions: Defined terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including purchase price and basic property details
5. Property Details: Comprehensive description of the property including legal title details
6. Purchase Price: Detailed breakdown of the purchase price, payment terms and schedule
7. Conditions Precedent: Conditions that must be fulfilled before completion
8. Completion: Requirements and procedures for completing the transaction
9. Vendor's Warranties: Warranties regarding property title, condition, and other representations
10. Purchaser's Warranties: Warranties regarding capacity to purchase and funding
11. Title and Transfer: Provisions relating to clean title transfer and registration
12. Default and Termination: Consequences of default and termination rights
13. Notices: Process for serving formal notices between parties
14. Governing Law: Confirmation of Malaysian law governance and jurisdiction
15. Execution: Signature blocks and execution formalities
1. Tenancies: Required if the property is sold subject to existing tenancies
2. Development Conditions: Required if the property is under development or requires specific development approvals
3. Environmental Matters: Required if there are specific environmental concerns or requirements
4. Service Contracts: Required if there are ongoing service contracts to be transferred
5. GST Provisions: Required if the transaction is subject to GST
6. Strata Title Provisions: Required for properties under strata title
7. Planning Permissions: Required if specific planning permissions are relevant to the property
8. Joint Venture Provisions: Required if the purchase involves a joint venture arrangement
9. Foreign Investment Provisions: Required if the purchaser is a foreign entity
1. Property Schedule: Detailed property description, boundaries, and title particulars
2. Payment Schedule: Detailed breakdown of payment terms and installments
3. Title Documents: Copies of relevant title documents and searches
4. Existing Tenancies: Details of current tenancies and lease agreements
5. Property Condition Report: Current condition of the property and any defects
6. Service Contracts Schedule: List of transferring service contracts
7. Planning Permissions: Copies of relevant planning permissions and certificates
8. Property Plans: Floor plans, site plans, and other relevant drawings
9. Inventory: List of fixtures, fittings, and other items included in the sale
10. Form 14A: Statutory transfer form under the National Land Code
Authors
Property
Purchase Price
Completion Date
Completion
Bank
Business Day
Certificate of Completion and Compliance
Charge
Completion Notice
Deposit
Encumbrance
Interest Rate
Land Office
Local Authority
Material Adverse Change
Outgoings
Parties
Payment Date
Permitted Use
Property Tax
Purchase Price
Quit Rent
Registration Fee
Sale Land
Service Charge
Stamp Duty
State Authority
Title
Transfer
Valuation Report
Vendor
Purchaser
Warranties
Working Day
Building
Common Property
Fixtures
Legal Requisitions
Management Corporation
Planning Permission
Possession Date
Prescribed Rate
Principal Sale and Purchase Agreement
Progressive Payment
Property Manager
Real Property Gains Tax
Relevant Authorities
Requisite Consents
Share Units
Strata Title
Tenancies
Term Charges
Title Documents
Utilities
Property Description
Purchase Price
Payment Terms
Title and Transfer
Conditions Precedent
Completion
Representations and Warranties
Property Inspection
Due Diligence
Default
Termination
Risk and Insurance
Assignment
Force Majeure
Taxes and Duties
Planning and Development
Environmental Compliance
Existing Tenancies
Property Management
Utilities and Services
Vacant Possession
Local Authority Requirements
Land Use
Severability
Entire Agreement
Variation
Notices
Costs
Time of Essence
Governing Law
Dispute Resolution
Confidentiality
Further Assurance
Survival
Indemnification
Commercial Real Estate
Retail
Office Space
Industrial
Hospitality
Mixed-Use Development
Logistics
Healthcare Facilities
Educational Facilities
Banking and Finance
Manufacturing
Warehouse and Distribution
Technology Parks
Legal
Real Estate
Property Management
Finance
Operations
Compliance
Risk Management
Business Development
Facilities Management
Asset Management
Investment
Corporate Affairs
Real Estate Director
Property Manager
Commercial Lawyer
Legal Counsel
Property Development Manager
Facilities Manager
Asset Manager
Investment Manager
Chief Financial Officer
Real Estate Agent
Property Valuer
Business Development Director
Risk Manager
Compliance Officer
Operations Director
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