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Deed Of Sale Of Land Rights
"I need a Deed of Sale of Land Rights for a Malaysian corporate entity purchasing industrial land in Selangor, with specific provisions for future development rights and environmental warranties, to be completed by March 2025."
1. Parties: Identification of the Vendor (Transferor) and Purchaser (Transferee) with full legal names, identification numbers, and addresses
2. Background: Recitals explaining the Vendor's ownership of the land, intention to sell, and any relevant historical context
3. Definitions: Definitions of key terms used throughout the deed including 'Property', 'Completion Date', 'Purchase Price', and other relevant terms
4. Property Details: Comprehensive description of the land including title details, lot number, area, category of land use, and express conditions
5. Consideration: Statement of the purchase price, payment terms, and method of payment
6. Agreement to Sell and Purchase: The operative part of the deed where the Vendor agrees to sell and the Purchaser agrees to buy the Property
7. Vendor's Warranties: Warranties regarding title, encumbrances, planning permissions, and other property-related assurances
8. Completion: Details of the completion process, including timing, location, and documents to be delivered
9. Title and Registration: Provisions regarding the transfer of title and registration requirements under the National Land Code
10. Costs and Stamp Duty: Allocation of responsibility for legal costs, stamp duty, and registration fees
11. Notices: Procedure for serving notices between parties
12. Governing Law: Confirmation that the deed is governed by Malaysian law
13. Execution: Formal execution block meeting the requirements for deeds under Malaysian law
1. Conditions Precedent: Used when completion is subject to fulfillment of specific conditions such as obtaining state consent or subdivision approval
2. Islamic Law Compliance: Required when the transaction involves Muslim parties or land subject to Shariah principles
3. Foreign Investment Provisions: Needed when the purchaser is a foreign entity or person, addressing FIC guidelines and restrictions
4. Environmental Warranties: Important for industrial or potentially contaminated land
5. Existing Tenancies: Required when the property is subject to ongoing leases or tenancies
6. Development Obligations: Necessary when the land carries specific development conditions or restrictions
7. Service Agreements: Used when the property includes ongoing service arrangements that need to be transferred
8. Anti-Money Laundering Declarations: May be required for high-value transactions or when required by relevant authorities
1. Property Schedule: Detailed legal description of the land, including title particulars, boundaries, and attached plans
2. Title Documents: List of all title documents and certified copies to be delivered on completion
3. Purchase Price Schedule: Breakdown of the purchase price and payment schedule if paid in installments
4. Encumbrances Schedule: Details of any existing encumbrances, easements, or restrictions on the land
5. Outstanding Liabilities: List of any outstanding charges, taxes, or assessments to be settled
6. Plans and Drawings: Certified true copies of relevant plans, including location plans and approved building plans
7. Inventory: If applicable, list of fixtures and fittings included in the sale
8. Relevant Permissions: Copies of planning permissions, certificates of fitness, and other relevant approvals
Authors
Bank
Business Day
Completion
Completion Date
Consideration
Deposit
Encumbrances
Identity Card
Land
Land Office
Land Registry
Land Title
Local Authority
Material Adverse Change
National Land Code
Parties
Property
Purchase Price
Purchaser
Registration
State Authority
Title Deed
Transfer
Vendor
Warranties
Working Day
Charge
Consent
Fixtures
Interest Rate
Notice
Outstanding Balance
Payment Date
Plans
Possession
Restriction in Interest
Security Interest
Stamp Duty
Taxes
Title Particulars
Interpretation
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Title Warranties
Property Condition
Encumbrances
Completion
Registration
State Consent
Representations and Warranties
Transfer of Rights
Possession
Vacant Possession
Title Documents
Taxes and Duties
Costs
Risk and Insurance
Default
Termination
Notices
Assignment
Force Majeure
Governing Law
Dispute Resolution
Entire Agreement
Severability
Further Assurance
Execution
Real Estate
Property Development
Agriculture
Industrial Manufacturing
Retail
Hospitality
Commercial Office
Residential Development
Infrastructure
Mining
Energy
Healthcare
Education
Legal
Real Estate
Property Management
Compliance
Corporate Secretarial
Facilities Management
Project Development
Asset Management
Investment
Risk Management
Operations
Finance
Business Development
Legal Counsel
Property Manager
Real Estate Director
Land Administrator
Compliance Officer
Corporate Secretary
Property Development Manager
Asset Manager
Investment Manager
Real Estate Agent
Facilities Manager
Land Surveyor
Project Manager
Chief Legal Officer
Real Estate Investment Officer
Property Acquisition Manager
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