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Deed Of Assignment By Way Of Transfer
"I need a Deed of Assignment By Way of Transfer for a residential property in Kuala Lumpur, with completion scheduled for March 15, 2025, where I'm transferring my apartment to my daughter as a gift."
1. Parties: Identifies and provides full details of the Assignor (transferor) and Assignee (transferee), including names, identification numbers, and addresses
2. Background: Recites the history of the property ownership, previous transactions, and the context of the current transfer
3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty
4. Property Details: Comprehensive description of the property being transferred, including title details, location, and boundaries
5. Consideration: States the purchase price or other consideration for the transfer
6. Assignment Clause: The operative clause that effects the transfer of the property from Assignor to Assignee
7. Assignor's Covenants: Warranties and representations by the Assignor regarding title, encumbrances, and capacity to transfer
8. Completion: Details of the completion process, including timing and delivery of documents
9. Registration and Stamp Duty: Provisions regarding registration requirements and responsibility for stamp duty payment
10. Execution: Formal execution clause meeting the requirements for a deed under Malaysian law
1. Conditions Precedent: Used when the transfer is subject to certain conditions being fulfilled before completion
2. Existing Tenancies: Required when the property is subject to ongoing tenancies that will be transferred
3. Bank Consent: Necessary when the property is subject to an existing charge or mortgage requiring bank's consent
4. Special Conditions: For any unique requirements or circumstances specific to the transaction
5. Tax Provisions: Detailed tax arrangements when complex tax implications are involved
6. Joint Ownership Provisions: Required when the property is being transferred to multiple assignees
7. Power of Attorney: When any party is acting through an attorney
1. Schedule 1 - Property Description: Detailed technical description of the property, including lot number, title details, and exact measurements
2. Schedule 2 - Title Documents: List of all relevant title documents and previous assignments
3. Schedule 3 - Encumbrances: Details of any existing encumbrances, charges, or restrictions on the property
4. Appendix A - Property Plans: Certified plans showing the property boundaries and location
5. Appendix B - Consent Letters: Copies of relevant consent letters from authorities or financial institutions
6. Appendix C - Supporting Documents: Other relevant documents such as power of attorney, company resolutions, or regulatory approvals
Authors
Assignee
Assignor
Assignment
Bank
Beneficial Owner
Business Day
Completion
Completion Date
Consideration
Developer
Effective Date
Encumbrances
Identity Card
Land
Land Office
Master Title
National Land Code
Parties
Principal Sale and Purchase Agreement
Property
Purchase Price
Quit Rent
Registered Proprietor
Registration
Schedule
State Authority
Strata Title
Transfer
Title Deed
Property Description
Consideration
Title and Ownership
Representations and Warranties
Covenants
Conditions Precedent
Registration
Transfer
Completion
Payment Terms
Stamp Duty
Property Delivery
Encumbrances
Risk and Insurance
Default
Remedies
Notice
Costs and Expenses
Governing Law
Successors and Assigns
Execution
Attestation
Real Estate
Property Development
Banking and Financial Services
Legal Services
Construction
Property Investment
Housing Development
Commercial Property
Legal
Real Estate
Compliance
Property Management
Corporate Secretarial
Finance
Risk Management
Operations
Business Development
Asset Management
Legal Counsel
Property Manager
Real Estate Manager
Compliance Officer
Contract Administrator
Property Developer
Real Estate Agent
Bank Manager
Title Officer
Land Administrator
Corporate Lawyer
Conveyancing Executive
Property Investment Manager
Real Estate Director
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