Deed Of Sale Property Template for Malaysia

The Deed of Sale Property is a crucial legal document used in Malaysian property transactions to formalize and execute the transfer of real property ownership. This document is essential when any real property in Malaysia is being sold and transferred from one party to another, whether in residential, commercial, or industrial contexts. It must comply with Malaysian law, particularly the National Land Code 1965, and includes comprehensive details about the property, parties involved, purchase price, payment terms, and various warranties and obligations. The deed serves as conclusive evidence of the transaction and forms the basis for the subsequent registration of the transfer at the relevant Land Office. Its proper execution is crucial for ensuring a valid transfer of property ownership and protecting the interests of both parties.

1. Parties: Full details of the Vendor(s) and Purchaser(s), including names, identification numbers, and addresses

2. Background: Context of the sale, brief description of the property, and statement of ownership

3. Definitions: Definitions of key terms used throughout the deed

4. Property Details: Comprehensive description of the property including lot number, title details, and land area

5. Purchase Price: Statement of the agreed purchase price and payment terms

6. Payment Terms: Detailed breakdown of payment schedule, deposit, and completion amounts

7. Conditions Precedent: Conditions that must be fulfilled before completion of the sale

8. Vendor's Obligations: Responsibilities and warranties of the vendor including delivery of vacant possession

9. Purchaser's Obligations: Responsibilities of the purchaser including payment obligations

10. Completion: Details of the completion process, timing, and requirements

11. Title and Transfer: Provisions regarding transfer of title and registration requirements

12. Representations and Warranties: Standard warranties about property ownership, condition, and encumbrances

13. Default Provisions: Consequences and remedies in case of default by either party

14. Governing Law: Specification of Malaysian law as governing law and jurisdiction

15. Execution: Formal execution block for signing as a deed