Deed Of Sale Of Land Rights Template for Malaysia

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Key Requirements PROMPT example:

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."

Document background
The Deed of Sale of Land Rights is a crucial legal instrument in Malaysian property transactions, essential for documenting and effecting the transfer of land ownership. It is primarily governed by the National Land Code 1965 and various state-specific land regulations. This document is used whenever there is a transfer of land rights between parties, whether they are individuals or corporate entities. The deed must contain specific details about the property, parties involved, consideration, and various warranties and covenants required by Malaysian law. It serves as evidence of the transaction and forms the basis for registration of the transfer at the land office. The document must comply with strict formal requirements, including proper execution, witnessing, and stamping, and may require additional approvals such as state consent for certain categories of land or transactions involving foreign interests.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Real Estate

Property Development

Agriculture

Industrial Manufacturing

Retail

Hospitality

Commercial Office

Residential Development

Infrastructure

Mining

Energy

Healthcare

Education

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretarial

Facilities Management

Project Development

Asset Management

Investment

Risk Management

Operations

Finance

Business Development

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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