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Condo Deed

Condo Deed Template for Malaysia

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Key Requirements PROMPT example:

Condo Deed

"I need a standard Condo Deed for the purchase of a new luxury condominium unit in Kuala Lumpur's KLCC area, with completion scheduled for March 2025, including standard provisions for parking space allocation and access to premium facilities."

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Document background
The Condo Deed is a crucial legal instrument in Malaysian property transactions, used specifically for the transfer of stratified properties under the Strata Titles Act 1985. This document is essential when transferring ownership of condominium units, apartments, or any property governed by strata title. It must comply with Malaysian property law requirements and includes detailed information about the property, parties involved, rights transferred, and obligations assumed. The deed becomes necessary during property sales, inheritance transfers, or any other form of ownership change for stratified properties. It must address both the individual unit specifics and shared property aspects, making it more complex than traditional land transfers. The document serves as permanent evidence of the transfer and must be properly registered with Malaysian authorities.
Suggested Sections

1. Parties: Identification of the transferor/seller and transferee/buyer with full legal names and identification details

2. Background: Brief recital of the context of the transfer and property history

3. Definitions: Definitions of key terms used throughout the deed, including property-specific terminology

4. Property Description: Detailed description of the condominium unit, including strata title number, floor area, and location within the development

5. Consideration: Purchase price and payment terms for the property transfer

6. Rights and Interests: Specification of rights being transferred, including share in common property

7. Covenants and Warranties: Seller's warranties regarding title, encumbrances, and property condition

8. Restrictions on Use: Limitations and conditions on property use as per strata regulations

9. Common Property: Rights and obligations regarding common areas and facilities

10. Management Corporation: Acknowledgment of management corporation authority and buyer's obligations

11. Execution: Formal execution clause and signature blocks for all parties

Optional Sections

1. Mortgage Details: Include when the property is subject to an existing mortgage or new financing

2. Special Conditions: Any unique terms specific to this unit or transaction

3. Renovation Guidelines: Include when specific renovation restrictions or requirements apply

4. Car Park Allocation: Include when parking spaces are separately assigned

5. Rental Restrictions: Include when there are specific limitations on rental arrangements

6. Development Plans: Include when future development phases are planned that may affect the unit

Suggested Schedules

1. Schedule A - Property Details: Detailed technical description of the unit, including exact measurements and boundaries

2. Schedule B - Floor Plan: Architectural plan showing the unit layout and dimensions

3. Schedule C - Common Facilities: List and description of all common facilities and amenities

4. Schedule D - Share Units: Calculation and allocation of share units for the property

5. Schedule E - House Rules: Current management corporation by-laws and regulations

6. Appendix 1 - Strata Title: Copy of the individual strata title or draft strata title

7. Appendix 2 - Special Conditions: Detailed special conditions or restrictions specific to the unit

Authors

Alex Denne

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

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Property Development

Legal Services

Banking and Finance

Property Management

Construction

Insurance

Relevant Teams

Legal

Real Estate

Property Management

Conveyancing

Compliance

Operations

Administrative Support

Document Processing

Transaction Support

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Conveyancing Executive

Bank Officer

Property Developer

Legal Administrator

Title Officer

Compliance Officer

Real Estate Transaction Coordinator

Property Valuer

Strata Manager

Industries





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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