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Sale Deed

Sale Deed Template for Malaysia

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Key Requirements PROMPT example:

Sale Deed

"I need a Sale Deed for a residential property in Kuala Lumpur, valued at RM 850,000, with completion scheduled for March 2025; the property is currently tenanted and will require special provisions for vacant possession."

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Document background
The Sale Deed is a fundamental legal instrument in Malaysian property law, used to document and effectuate the transfer of immovable property from one party to another. This document is essential when any real property transfer occurs in Malaysia, whether for residential, commercial, or industrial purposes. The Sale Deed must be drafted in accordance with the National Land Code 1965 and other relevant Malaysian legislation, including the Contracts Act 1950 and Stamp Act 1949. It contains crucial information such as property details, consideration amount, warranties, and transfer terms. The document requires proper execution before witnesses and must be registered with the relevant Land Office to complete the property transfer process.
Suggested Sections

1. Parties: Full details of the Vendor(s) and Purchaser(s) including names, identification numbers, and addresses

2. Background: Brief recital of the circumstances leading to the sale and the Vendor's ownership rights

3. Definitions: Definitions of key terms used throughout the deed

4. Property Details: Comprehensive description of the property including title details, lot number, and location

5. Consideration: Purchase price and payment terms

6. Vendor's Warranties: Warranties regarding ownership, encumbrances, and condition of the property

7. Transfer of Title: Terms of legal transfer of the property

8. Completion: Details of completion date and procedures

9. Execution: Formal execution clause and signing requirements

Optional Sections

1. Conditions Precedent: Used when there are specific conditions that must be met before completion

2. Strata Title Provisions: Required for apartments or condominiums under the Strata Titles Act

3. Tenancy Details: Included if the property is subject to existing tenancies

4. Islamic Finance Provisions: Required when the purchase involves Islamic financing

5. Development Orders: Necessary for properties under development or with pending renovations

6. Special Conditions: For any unique requirements specific to the property or transaction

Suggested Schedules

1. Property Schedule: Detailed property description including boundaries, measurements, and fixtures

2. Title Documents: Copies of relevant title documents and land office records

3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

4. Inventory List: List of fixtures and fittings included in the sale

5. Encumbrances Schedule: Details of any existing charges, liens, or encumbrances

6. Planning Permissions: Copies of relevant planning permissions and certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Construction

Retail

Manufacturing

Hospitality

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Corporate Affairs

Facilities Management

Risk Management

Operations

Relevant Roles

Legal Counsel

Property Manager

Real Estate Manager

Conveyancing Lawyer

Company Secretary

Corporate Lawyer

Property Developer

Land Administrator

Compliance Officer

Real Estate Agent

Bank Manager

Finance Manager

Industries
National Land Code 1965: The primary legislation governing land matters in Peninsular Malaysia, including procedures for land transfer, registration requirements, and dealings in land
Contracts Act 1950: Governs the fundamental principles of contract formation, validity, and enforcement in Malaysia, essential for the sale agreement
Stamp Act 1949: Regulates the stamp duty payments required for property transactions and legal documents in Malaysia
Real Property Gains Tax Act 1976: Governs the taxation aspects of property disposal and transfer in Malaysia
Strata Titles Act 1985: Relevant if the property being sold is a stratified property like an apartment or condominium
Housing Development (Control and Licensing) Act 1966: Applicable if the sale involves residential property developed by a licensed housing developer
Street, Drainage and Building Act 1974: Relevant for ensuring compliance with building and structural requirements of the property
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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