Grant Bargain Sale Deed Template for Malaysia

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Key Requirements PROMPT example:

Grant Bargain Sale Deed

"I need a Grant Bargain Sale Deed for transferring a commercial property in Kuala Lumpur's Golden Triangle area to a foreign corporation, with completion scheduled for March 2025 and including special provisions for existing tenant agreements."

Document background
The Grant Bargain Sale Deed is a crucial legal instrument in Malaysian property transactions, used when transferring real property ownership from one party to another. This document type is specifically designed to comply with Malaysian property law, particularly the National Land Code 1965 and state-specific land regulations. The deed serves multiple purposes: it evidences the transfer of property rights, confirms the consideration paid, provides warranties about the property's title, and includes various covenants protecting both parties' interests. It must be properly executed, witnessed, and registered with the relevant land office to be legally effective. The document is particularly important in Malaysia's property system as it provides a clear chain of title and helps prevent future property disputes.
Suggested Sections

1. Parties: Identification and details of the Grantor (seller) and Grantee (buyer), including full names, identification numbers, and addresses

2. Background: Recitals explaining the ownership history, the Grantor's right to transfer, and the agreement to sell

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

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

5. Consideration: Statement of the purchase price and confirmation of payment

6. Grant Clause: The operative words of transfer and conveyance of the property

7. Grantor's Covenants: Warranties and representations regarding title, right to sell, and freedom from encumbrances

8. Title Guarantee: Guarantees regarding the state of the title and ownership rights

9. Execution: Formal execution clause and witness requirements

Optional Sections

1. Existing Tenancies: Details of any existing tenancies affecting the property, used when the property is subject to ongoing leases

2. Encumbrances: Description of any existing charges, liens, or encumbrances, included when the property is not completely free from encumbrances

3. Special Conditions: Any special conditions or restrictions affecting the property or its use

4. Planning Permissions: Details of relevant planning permissions or restrictions, included for properties with development potential

5. Strata Title Provisions: Special provisions for strata properties, included when the property is part of a stratified development

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including boundaries, measurements, and plans

2. Title Documents: Copies of relevant title documents and land office records

3. Property Plans: Survey plans, location plans, and building plans if applicable

4. Encumbrance Schedule: List and details of any existing encumbrances affecting the property

5. Payment Schedule: Details of payment terms and conditions if payment is not made in full

6. Inventory: List of fixtures and fittings included in the sale, if applicable

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 Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Construction

Commercial Property

Residential Property

Industrial Property

Agricultural Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Operations

Risk Management

Corporate Services

Documentation

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Legal Counsel

Conveyancing Executive

Land Registry Officer

Property Developer

Real Estate Director

Compliance Officer

Title Examiner

Property Valuer

Real Estate Transaction 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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