Offer Letter To Purchase Property Template for Malaysia

The Offer Letter To Purchase Property is a fundamental document in Malaysian property transactions that initiates the formal property acquisition process. It is typically used when a potential buyer has identified a property of interest and wishes to formalize their purchase intention. The document serves as a preliminary agreement that outlines the key terms of the proposed transaction, including the purchase price, payment terms, and any specific conditions. This letter must comply with Malaysian property laws and regulations, including the National Land Code 1965, Contracts Act 1950, and relevant state-specific requirements. While not as detailed as the final Sale and Purchase Agreement, this document is crucial as it forms the basis for further negotiations and the eventual property transfer. It is particularly important in both residential and commercial property transactions, providing a clear framework for both parties to proceed with the transaction.

1. Date and Reference: Current date and any reference number for the offer letter

2. Addressee Details: Full name and address of the property owner/seller

3. Subject Line: Clear indication that this is an offer to purchase property

4. Property Details: Complete legal description of the property including lot number, title details, and address

5. Purchase Price: Proposed purchase price in both numbers and words

6. Payment Terms: Proposed payment structure including deposit amount and payment timeline

7. Completion Period: Proposed timeline for completing the transaction

8. Offer Validity Period: Duration for which the offer remains valid

9. Purchaser Details: Full name, IC/Passport number, and contact details of the purchaser