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Property Transfer Agreement
"I need a Property Transfer Agreement for transferring a commercial warehouse in Kuala Lumpur from my company to a foreign corporate buyer, with completion scheduled for March 2025 and including specific provisions for existing tenant rights."
1. Parties: Identification and details of the transferor and transferee, including full names, identification numbers, and addresses
2. Background: Context of the transfer, including brief property history and purpose of the transfer
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Complete description of the property including title details, lot number, address, and land area
5. Consideration: Purchase price or value of the transfer and payment terms
6. Transfer Obligations: Core obligations of both parties in executing the transfer
7. Conditions Precedent: Conditions that must be fulfilled before the transfer can take place
8. Representations and Warranties: Statements of fact and guarantees by both parties regarding the property and their capacity to execute the transfer
9. Completion: Details of the completion process, including timing and procedures
10. Costs and Taxes: Allocation of transfer costs, stamp duty, and other applicable taxes
11. Governing Law: Specification of Malaysian law as governing law and jurisdiction
12. Notices: Process for sending and receiving formal notices between parties
13. Execution: Signature blocks and execution requirements
1. Existing Tenancies: Required if the property has existing tenants, detailing their rights and status post-transfer
2. Encumbrances: Required if there are existing charges, liens, or other encumbrances on the property
3. Foreign Investment Approval: Required if the transferee is a foreign entity or person
4. Condition of Property: Detailed when there are specific agreements about the property's physical condition
5. Environmental Matters: Required for industrial properties or where environmental issues are relevant
6. Development Status: Required for properties under construction or pending development approvals
7. Strata Title Provisions: Required for apartments, condominiums, or other stratified properties
1. Property Schedule: Detailed property information including title particulars, boundaries, and area plans
2. Payment Schedule: Breakdown of payment terms and installments if applicable
3. Inventory List: List of fixtures, fittings, and other items included in the transfer
4. Title Documents: Copies of relevant title documents and searches
5. Existing Tenancy Agreements: Copies of any existing lease or tenancy agreements
6. Property Plans: Official plans, drawings, and maps of the property
7. Completion Checklist: List of documents and actions required for completion
8. Form 14A: Standard Malaysian land transfer form as required by the National Land Code
Authors
Completion
Completion Date
Consideration
Encumbrances
Land Office
Land Title
National Land Code
Party
Parties
Property
Purchase Price
Registration
State Authority
Title Deed
Transfer
Transferor
Transferee
Transfer Date
Working Day
Charges
Deposit
Effective Date
Identity Card
Land
Legal Fees
Memorandum of Transfer
Quit Rent
Stamp Duty
Title Particulars
Transaction Documents
Warranties
Property Description
Consideration
Payment Terms
Conditions Precedent
Due Diligence
Title and Ownership
Representations and Warranties
Transfer Obligations
Completion
Post-Completion
Costs and Taxes
Risk and Insurance
Default
Termination
Force Majeure
Notice
Assignment
Entire Agreement
Severability
Variation
Waiver
Governing Law
Dispute Resolution
Confidentiality
Registration
Encumbrances
Property Condition
Vacant Possession
Third Party Rights
Real Estate
Property Development
Banking and Finance
Construction
Legal Services
Property Investment
Commercial Property
Residential Property
Industrial Property
Agriculture
Hospitality
Retail
Legal
Real Estate
Property Management
Compliance
Corporate Secretarial
Asset Management
Facilities Management
Investment
Operations
Risk Management
Documentation
Legal Counsel
Property Lawyer
Real Estate Manager
Property Development Manager
Land Officer
Compliance Officer
Property Investment Manager
Real Estate Agent
Property Administrator
Contract Manager
Corporate Secretary
Property Portfolio Manager
Asset Manager
Facilities Manager
Legal Director
Chief Legal Officer
Real Estate Director
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