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Commercial Real Estate Purchase And Sale Agreement
"I need a Commercial Real Estate Purchase And Sale Agreement for acquiring a 10-story office building in Kuala Lumpur's central business district, with existing tenants who will remain after the purchase, planned for completion by March 2025."
1. Parties: Identification of the Vendor and Purchaser with full legal names and registration details
2. Background: Recitals explaining the context of the transaction and basic premise of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the commercial property including lot number, title details, and exact boundaries
5. Purchase Price: Statement of the purchase price and payment terms including deposit and balance payment schedules
6. Conditions Precedent: Conditions that must be satisfied before the agreement becomes fully effective
7. Due Diligence: Terms regarding the purchaser's right to investigate the property and related documentation
8. Representations and Warranties: Statements of fact and promises made by both parties regarding the property and their capacity to enter into the agreement
9. Completion: Requirements and procedures for closing the transaction
10. Title and Transfer: Provisions regarding transfer of title and registration requirements
11. Default and Termination: Consequences of default and circumstances allowing termination
12. Notices: Methods and addresses for formal communications between parties
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Foreign Investment Approval: Required when purchaser is a foreign entity, detailing necessary approvals and conditions
2. Tenancies: Required when property is subject to existing tenancies, describing treatment of leases
3. Environmental Matters: Required when property has potential environmental issues or requires specific compliance
4. GST/Tax Provisions: Detailed tax treatments when specific tax considerations apply
5. Property Management: Required for properties with ongoing management requirements during transition
6. Development Approvals: Required when property has pending or required development approvals
7. Strata Title Provisions: Required for properties under strata title
8. Vendor Finance: Required when seller is providing financing for the purchase
1. Property Schedule: Detailed property information including lot numbers, title details, and encumbrances
2. Payment Schedule: Breakdown of payment terms, amounts, and timing
3. Due Diligence Checklist: List of required documents and investigations
4. Existing Tenancies: Details of current lease agreements and tenant information
5. Property Inventory: List of included fixtures, fittings, and equipment
6. Outstanding Works: List of repairs or improvements to be completed before closing
7. Required Approvals: List of necessary governmental and regulatory approvals
8. Form 14A: Statutory transfer form under National Land Code
9. Title Search Results: Recent land title search results and encumbrance information
Authors
Business Day
Completion
Completion Date
Deposit
Encumbrances
Land Office
Local Authority
Material Adverse Change
Party
Permitted Use
Property
Purchase Price
Registration Fees
Sale Land
Stamp Duty
Title
Transfer
Vendor
Purchaser
Building
Conditions Precedent
Due Diligence Period
Effective Date
Environmental Law
Fixtures
Land Revenue
Legal Charge
License
Outgoings
Possession
Quit Rent
Requisite Approvals
Security Interest
State Authority
Strata Title
Survey Plan
Tenancy
Title Documents
Valuation Report
Warranties
Purchase Price
Payment Terms
Title Transfer
Conditions Precedent
Due Diligence
Representations and Warranties
Covenants
Risk and Insurance
Completion Requirements
Default
Termination
Force Majeure
Assignment
Confidentiality
Notices
Stamp Duty
Registration
Environmental Compliance
Property Inspection
Existing Tenancies
Property Management
Utilities and Outgoings
Vacant Possession
Time of Essence
Further Assurance
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Third Party Rights
Amendments
Survival
Indemnification
Real Estate
Commercial Property
Retail
Industrial
Office Space
Hospitality
Healthcare
Manufacturing
Warehousing
Logistics
Banking and Finance
Professional Services
Education
Legal
Real Estate
Finance
Compliance
Risk Management
Operations
Facilities Management
Business Development
Investment
Property Management
Corporate Affairs
Asset Management
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Manager
Legal Counsel
Corporate Lawyer
Commercial Director
Investment Manager
Asset Manager
Facilities Manager
Development Manager
Acquisition Manager
Real Estate Analyst
Finance Director
Risk Manager
Compliance Officer
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