Document background
The Home Offer Contract is a crucial preliminary document in Malaysian property transactions, typically used when a prospective buyer wishes to formalize their intention to purchase a property. It is prepared in accordance with Malaysian property laws and regulations, including the National Land Code 1965 and the Housing Development (Control and Licensing) Act 1966. This document precedes the Sale and Purchase Agreement and includes essential information such as property details, purchase price, payment terms, conditions precedent, and completion requirements. The Home Offer Contract serves as a binding document once accepted, subject to any conditions specified within it, and forms the basis for the subsequent property transaction process. It is particularly important in Malaysian property transactions as it helps secure the property while detailed due diligence and financing arrangements are being completed.
