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Real Estate Memorandum Of Agreement
"I need a Real Estate Memorandum of Agreement for the purchase of a commercial warehouse in Kuala Lumpur, with completion scheduled for March 2025, including specific provisions for existing equipment and machinery on the premises."
1. Parties: Identifies and provides full details of all parties to the agreement, including names, identification numbers, and addresses
2. Background: Sets out the context of the agreement and briefly describes the intention of the parties to enter into the property transaction
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity
4. Property Details: Comprehensive description of the property including lot number, title details, and physical address
5. Purchase Price: States the agreed purchase price and payment terms, including deposit and balance payment schedule
6. Completion: Details the completion process, timing, and requirements for finalizing the transaction
7. Representations and Warranties: Statements and guarantees made by both parties regarding their capacity to enter the agreement and the property's condition
8. Vendor's Obligations: Lists all obligations of the seller including delivery of vacant possession and necessary documentation
9. Purchaser's Obligations: Details all obligations of the buyer including payment terms and due diligence requirements
10. Conditions Precedent: Specifies conditions that must be fulfilled before the agreement becomes fully effective
11. Default and Termination: Outlines circumstances constituting default and consequences of breach by either party
12. Notices: Specifies how formal communications between parties should be made and delivered
13. Governing Law: Confirms Malaysian law as governing law and specifies jurisdiction for dispute resolution
14. Execution: Formal signing section including witness requirements
1. Existing Tenancies: Required when the property is subject to ongoing tenancies that will continue after the sale
2. Renovation Works: Needed when there are ongoing or planned renovation works that affect the transaction
3. Property Management: Required for properties in managed developments with specific management requirements
4. Special Conditions: Used when there are unique circumstances or requirements specific to the transaction
5. Assignment Clause: Required when rights under the agreement may need to be assigned to third parties
6. Strata Title Provisions: Necessary for properties under strata titles with specific obligations and restrictions
7. Environmental Matters: Required when there are environmental considerations or obligations affecting the property
1. Property Schedule: Detailed description of the property including boundaries, fixtures, and fittings
2. Payment Schedule: Detailed breakdown of payment terms, amounts, and due dates
3. Title Documents: Copies of relevant title documents and land office records
4. Property Condition Report: Detailed report on the current condition of the property
5. Existing Tenancy Agreements: Copies of any current tenancy agreements affecting the property
6. Outstanding Charges: List of any outstanding charges, taxes, or encumbrances on the property
7. Completion Documents Checklist: List of documents required for completion of the transaction
Authors
Balance Purchase Price
Completion Date
Deposit
Encumbrances
Identity Card
Land Office
Land Title
Local Authority
Party
Parties
Premises
Property
Purchase Price
Purchaser
Quit Rent
Registration Fee
Sale and Purchase Agreement
Stamp Duty
Title Deed
Transfer Document
Vacant Possession
Vendor
Working Day
Property Description
Purchase Price
Payment Terms
Conditions Precedent
Completion
Representations and Warranties
Title and Ownership
Vacant Possession
Due Diligence
Vendor Obligations
Purchaser Obligations
Property Condition
Encumbrances
Assignment
Default
Termination
Force Majeure
Notices
Stamp Duty
Registration
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendments
Confidentiality
Time of Essence
Further Assurance
Real Estate
Property Development
Legal Services
Banking & Finance
Construction
Property Management
Real Estate Investment
Property Consulting
Legal
Real Estate
Property Management
Compliance
Business Development
Investment
Operations
Risk Management
Document Management
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Property Developer
Conveyancing Executive
Real Estate Investment Manager
Property Consultant
Compliance Officer
Business Development Manager
Property Valuer
Transaction Manager
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