All Countries
Real Estate
Mortgage Sales Agreement

Mortgage Sales Agreement Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Mortgage Sales Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Mortgage Sales Agreement

"I need a Mortgage Sales Agreement for a commercial property purchase in Kuala Lumpur, Malaysia, with a completion date of March 15, 2025, including specific provisions for existing tenants and staged payment arrangements."

Celebrated by
Collaborations with
Investors
Document background
The Mortgage Sales Agreement is a crucial document used in Malaysian property transactions where financing is required for the purchase. This agreement is essential when a property is being sold with mortgage financing, combining the sale and purchase elements with the mortgage security arrangements. It must comply with Malaysian property law, including the National Land Code 1965, Financial Services Act 2013, and other relevant regulations. The document typically includes detailed provisions about the property, purchase price, payment terms, mortgage conditions, security arrangements, and obligations of all parties. It's particularly important for ensuring proper registration of both the property transfer and the mortgage security, protecting the interests of the seller, buyer, and the financing institution.
Suggested Sections

1. Parties: Identification of all parties to the agreement including the seller, purchaser, and mortgagee (financial institution)

2. Background: Context of the transaction, including brief property description and purpose of the agreement

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

4. Sale and Purchase Terms: Core terms of the property sale including purchase price and payment structure

5. Property Details: Comprehensive description of the property including title details and encumbrances

6. Mortgage Terms: Terms of the mortgage including principal amount, interest rate, and repayment schedule

7. Conditions Precedent: Conditions that must be satisfied before completion

8. Representations and Warranties: Statements of fact and assurances by both parties

9. Completion: Process and requirements for completing the sale and mortgage arrangement

10. Default and Remedies: Consequences of default and available remedies

11. Covenants: Ongoing obligations of the parties

12. Notices: Process for serving notices between parties

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

Optional Sections

1. Insurance: Required when specific insurance arrangements need to be detailed beyond standard requirements

2. Property Management: Needed for properties within managed developments or with shared facilities

3. Construction Warranties: Required for new properties or those under construction

4. Environmental Matters: Necessary for industrial properties or properties with environmental concerns

5. Assignment Rights: Required when specific assignment restrictions or rights need to be detailed

6. Valuation: Needed when specific valuation requirements or conditions apply

7. Third Party Rights: Required when there are specific rights granted to third parties

Suggested Schedules

1. Property Description Schedule: Detailed property description including boundaries, fixtures, and fittings

2. Payment Schedule: Detailed breakdown of payment terms and installments

3. Mortgage Payment Schedule: Amortization schedule showing payment structure over the mortgage term

4. Title Documents: Copies of relevant title documents and searches

5. Condition Report: Property condition report and any identified defects

6. Completion Requirements: Detailed list of documents and requirements for completion

7. Form of Transfer: Prescribed form for property transfer under Malaysian law

8. Disclosure Schedule: Detailed disclosures relating to warranties and representations

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Banking & Financial Services

Construction & Development

Legal Services

Property Management

Insurance

Mortgage Broking

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate

Mortgage Services

Compliance

Risk Management

Property Sales

Financial Services

Documentation

Property Development

Relevant Roles

Real Estate Lawyer

Property Manager

Mortgage Officer

Bank Manager

Real Estate Agent

Property Developer

Legal Counsel

Compliance Officer

Risk Manager

Financial Advisor

Conveyancing Executive

Property Sales Manager

Industries
National Land Code 1965: The fundamental land law in Malaysia that governs all matters related to land ownership, transfer, and registration of titles. It provides the legal framework for property transactions and mortgage creation.
Contracts Act 1950: Governs the formation and enforcement of contracts in Malaysia, including essential elements like offer, acceptance, consideration, and contractual obligations.
Housing Development (Control and Licensing) Act 1966: Regulates residential property development and sales, including requirements for developers and protection for homebuyers.
Financial Services Act 2013: Regulates financial institutions and banking services, including mortgage lending practices and requirements for financial service providers.
Stamp Act 1949: Governs the stamp duty payable on various instruments, including property sale agreements and mortgage documents.
Consumer Protection Act 1999: Provides protection for consumers in transactions, including financial services and property purchases.
Money Lenders Act 1951: Regulates money lending activities, relevant when the mortgage is provided by licensed money lenders rather than banks.
Real Property Gains Tax Act 1976: Governs the taxation aspects of property disposals, which may be relevant in mortgage sale transactions.
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

Find the exact document you need

Home Buyer Seller Agreement Form

A Malaysian law-governed agreement that documents the terms and conditions for the sale and purchase of residential property.

find out more

Sale Of Personal Goodwill Agreement

A Malaysian law-governed agreement for transferring personal goodwill, including individual reputation and client relationships, from a business owner to a purchaser.

find out more

Hotel Purchase Agreement

A legal agreement governing hotel property sales in Malaysia, combining property transfer and hospitality operational requirements under Malaysian law.

find out more

Buyer And Seller Agreement Contract

A Malaysian law-governed agreement establishing terms and conditions between buyer and seller for the sale and purchase of goods or services.

find out more

Asset Purchase Agreement Installment Payments

A Malaysian law-governed agreement for asset purchase with structured installment payments, detailing sale terms and payment conditions.

find out more

Mortgage Sales Agreement

A Malaysian law-governed agreement combining property sale terms with mortgage financing arrangements, detailing property transfer and financing conditions.

find out more

Receivables Sale Agreement

Malaysian law-governed agreement for the sale and transfer of receivables, setting out terms, conditions, and obligations of the seller and purchaser.

find out more

Pre Sale Purchase Agreement

A Malaysian law-governed agreement for the purchase of property before completion, detailing construction, payment terms, and delivery obligations under local housing development regulations.

find out more

Agreement For Sale Of Machinery

A Malaysian law-governed agreement establishing terms and conditions for the sale and purchase of industrial or commercial machinery, including specifications, warranties, and compliance requirements.

find out more

Buy Sell Life Insurance Agreement

A Malaysian law-governed agreement combining life insurance with business succession planning to facilitate the transfer of business interests upon specific triggering events.

find out more

Letter Of Intent To Sell House

A preliminary document used in Malaysian property transactions outlining the intended terms and conditions for a house sale.

find out more

Form For Real Estate Purchase Agreement

A standardized agreement for real estate purchases in Malaysia, ensuring compliance with Malaysian property laws while protecting both parties' interests.

find out more

Owner Financed Sales Contract

A Malaysian law-governed agreement combining property sale and seller financing arrangements, detailing property transfer and payment terms with seller as financier.

find out more

Real Estate Sales Agreement

A Malaysian law-governed agreement for the sale and purchase of real estate property, detailing terms, conditions, and obligations of the transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.