Sale And Purchase Agreement Key Terms Template for Malaysia

1. Condition of Property: Detailed section used for property sales describing the physical condition and any defects

2. Vacant Possession: Used in property sales to specify terms of delivering vacant possession

3. Strata Title: Required for sale of stratified properties, dealing with maintenance fees and sinking funds

4. Third Party Consents: Required when the sale requires approval from authorities or other parties

5. Tax Provisions: Detailed tax considerations when significant tax implications exist

6. Assignment: Used when rights under the agreement may need to be assignable

7. Intellectual Property: Required when the sale includes IP rights or licensed materials

8. Confidentiality: Added when transaction details need to remain confidential

9. Post-Completion Obligations: Used when parties have continuing obligations after completion

1. Property Description Schedule: Detailed description of the property including lot number, title details, and measurements

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

3. Inventory List: List of fixtures, fittings, or items included in the sale

4. Title Documents: Copies of relevant title documents and ownership proof

5. Property Plans: Floor plans, location maps, and other relevant drawings

6. Defects List: List of known defects and agreed repairs if applicable

7. Required Approvals: List of necessary governmental or regulatory approvals

8. Form of Transfer: Template transfer document to be used at completion

9. Special Conditions: Any special terms or conditions specific to the transaction