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Deed Of Assignment Property
"I need a Deed of Assignment Property for a residential condominium unit in Kuala Lumpur, with completion scheduled for March 2025, including specific provisions for maintenance fees and developer's consent."
1. Parties: Identification of the Assignor (seller) and Assignee (buyer) with full names, identification numbers, and addresses
2. Background: Recitals explaining the Assignor's ownership/rights to the property and the agreement to assign to the Assignee
3. Definitions: Definitions of key terms used throughout the deed
4. Property Details: Comprehensive description of the property being assigned including lot number, title details, and exact measurements
5. Consideration: Details of the purchase price and payment terms
6. Assignment Clause: The operative clause transferring all rights, title, and interest in the property from Assignor to Assignee
7. Assignor's Covenants: Warranties and representations by the Assignor regarding property ownership, encumbrances, and right to assign
8. Assignee's Covenants: Obligations of the Assignee including payment terms and compliance with property conditions
9. Completion: Details of completion date, venue, and requirements for completion of the assignment
10. Execution: Formal execution clause with witness requirements as per Malaysian law
1. Conditions Precedent: Used when there are specific conditions that must be met before the assignment becomes effective
2. Developer's Consent: Required when the property is still under developer's interest and requires their consent for assignment
3. Bank's Consent: Needed when the property is subject to an existing charge/mortgage
4. Strata Title Provisions: Included for apartments/condominiums where strata title is involved
5. Special Conditions: Any unique terms specific to the property or agreement between parties
6. Tax Provisions: Detailed provisions about Real Property Gains Tax when applicable
7. Vacant Possession: Terms regarding delivery of vacant possession when the property is currently occupied
1. First Schedule: Detailed property description including boundary marks, measurements, and title particulars
2. Second Schedule: Copy of the original sale and purchase agreement or prior title document
3. Third Schedule: List of fixtures and fittings included in the assignment (if applicable)
4. Fourth Schedule: Payment schedule and breakdown of consideration
5. Appendix A: Copy of the land title or strata title
6. Appendix B: Developer's consent letter (if applicable)
7. Appendix C: Property plans and drawings
8. Appendix D: List of outstanding charges, caveats, or encumbrances (if any)
Authors
Assignee
Property
Consideration
Completion Date
Developer
Sale and Purchase Agreement
Principal Sale and Purchase Agreement
Land
Building
Title Deed
Encumbrances
Bank
Charge
Beneficial Owner
Completion
Facilities
Identity Card
Land Office
Local Authority
Master Title
Parties
Purchase Price
Quit Rent
Assessment
Strata Title
Transfer
Vacant Possession
Vendor
Common Property
Fixtures
Fittings
Legal Fees
Maintenance Charges
Original Purchaser
Permitted Use
Purchase Tax
Security Interest
Stamp Duty
Title Particulars
Completion Notice
Property Description
Consideration
Payment Terms
Warranties
Representations
Title Covenants
Possession
Completion
Registration
Stamp Duty
Tax Obligations
Insurance
Encumbrances
Default
Remedies
Notice
Severability
Governing Law
Dispute Resolution
Force Majeure
Assignment Rights
Entire Agreement
Costs and Expenses
Vacant Possession
Property Maintenance
Indemnification
Execution
Third Party Rights
Amendment
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Urban Development
Housing Development
Commercial Property
Residential Property
Legal
Real Estate
Property Development
Compliance
Risk Management
Operations
Sales
Documentation
Land Administration
Property Lawyer
Real Estate Manager
Property Developer
Legal Counsel
Conveyancing Executive
Real Estate Agent
Bank Manager
Property Investment Manager
Compliance Officer
Title Officer
Land Administrator
Property Transaction Manager
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