Document background
The Contract to Sell Land is a crucial legal document used in Malaysian property transactions when transferring real property ownership from one party to another. It is primarily governed by the National Land Code 1965 and must comply with Malaysian contract law principles. This document is essential for both residential and commercial property transactions, setting out the complete terms of sale including property details, purchase price, payment schedule, conditions precedent, and completion requirements. It serves as the foundation for the property transfer process and is typically prepared after the parties have agreed on basic terms but before the actual transfer is executed. The contract must account for specific Malaysian legal requirements such as consent requirements, restrictions on foreign ownership, and state-specific land rules.
