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Purchase Deed
"I need a Purchase Deed for buying a commercial warehouse property in Penang, Malaysia, with a staged payment plan to be completed by March 2025, including specific provisions for existing tenant agreements."
1. Parties: Identifies and provides full details of the Vendor/Seller and Purchaser/Buyer, including their names, identification numbers, and addresses
2. Background: Recites the ownership history of the property and the context of the current sale
3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty
4. Property Details: Comprehensive description of the property including lot number, title details, and exact measurements as per the land title
5. Consideration: States the purchase price and payment terms agreed between the parties
6. Vendor's Warranties: Warranties given by the vendor regarding property ownership, encumbrances, and condition
7. Transfer of Title: Details the mechanism and timing of the transfer of legal ownership
8. Completion: Specifies the completion date and procedures for finalizing the transaction
9. Execution: Format and requirements for proper execution of the deed by all parties
1. Conditions Precedent: Used when there are specific conditions that must be fulfilled before completion, such as obtaining state consent or bank approval
2. Strata Title Provisions: Required when the property is a stratified property such as an apartment or condominium
3. Foreign Investment Provisions: Necessary when the purchaser is a foreign national or entity, incorporating relevant FIC guidelines
4. Agricultural Land Provisions: Required when the property is agricultural land with specific restrictions or conditions
5. Lease/Tenancy Details: Included when the property is subject to existing tenancies that will continue after the sale
6. Development Orders: Required when the property is subject to specific development orders or restrictions
1. Property Schedule: Detailed description of the property including boundaries, measurements, and any fixtures and fittings included in the sale
2. Title Schedule: Copy of the land title particulars and details of any registered interests or encumbrances
3. Payment Schedule: Breakdown of payment terms including deposits, progressive payments, and completion payment
4. Warranties Schedule: Comprehensive list of warranties given by the vendor regarding the property
5. Encumbrances Schedule: List of any existing charges, liens, or other encumbrances affecting the property
6. Documents Schedule: List of all documents to be delivered on completion
Authors
Sale and Purchase
Purchase Price
Payment Terms
Title and Ownership
Representations and Warranties
Condition of Property
Encumbrances
Completion
Transfer of Title
Possession
Property Tax
Insurance
Default
Stamp Duty
Registration
Force Majeure
Notices
Governing Law
Dispute Resolution
Assignment
Entire Agreement
Severability
Costs and Expenses
Time of Essence
Further Assurance
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Agriculture (for agricultural land)
Commercial Property
Residential Property
Industrial Property
Legal
Real Estate
Compliance
Property Management
Business Development
Operations
Finance
Investment
Corporate Affairs
Risk Management
Legal Counsel
Property Lawyer
Real Estate Manager
Property Development Manager
Conveyancing Executive
Land Administrator
Compliance Officer
Real Estate Agent
Property Investment Manager
Corporate Lawyer
Business Development Manager
Property Portfolio Manager
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