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Deed Of Sale Of Land
"I need a Deed of Sale of Land for a residential property transfer in Selangor, Malaysia, where I'm selling my freehold landed property to an individual buyer, with completion scheduled for March 2025."
1. Parties: Identifies and provides full details of the Vendor and Purchaser, including names, identification numbers, and addresses
2. Background: Recites the ownership status of the property and the parties' intention to enter into the sale and purchase transaction
3. Definitions: Defines key terms used throughout the deed including 'Property', 'Purchase Price', 'Completion Date', and other relevant terms
4. Agreement to Sell and Purchase: The core provision where the Vendor agrees to sell and the Purchaser agrees to buy the Property at the specified price
5. Purchase Price: States the agreed purchase price and payment terms, including deposit and balance payment arrangements
6. Property Details: Detailed description of the property being sold, including title particulars and reference to the detailed description in Schedule 1
7. Conditions Precedent: Lists any conditions that must be fulfilled before the sale becomes unconditional
8. Completion: Details the completion process, including timing, documentation requirements, and handover procedures
9. Vendor's Warranties: The Vendor's representations and warranties regarding the property's title, condition, and encumbrances
10. Purchaser's Warranties: The Purchaser's representations and warranties regarding capacity to purchase and funding
11. Title and Registration: Provisions relating to the transfer of title and registration requirements under the National Land Code
12. Costs and Stamp Duty: Allocation of responsibility for legal costs, stamp duty, and registration fees
13. Notices: Procedures for serving notices between parties
14. Governing Law: Confirms Malaysian law as the governing law and jurisdiction
1. Existing Tenancies: Required when the property is subject to existing tenancies or occupancy rights
2. Property Tax Adjustments: Used when there need to be adjustments for property taxes paid in advance or in arrears
3. Development Orders: Needed when the property is subject to specific development orders or restrictions
4. Condition of Property: Detailed provisions about the property's physical condition, usually included for older properties
5. Environmental Matters: Required when there are environmental considerations or compliance requirements
6. Planning Permissions: Needed when the property requires specific planning permissions or has development potential
7. Service Agreements: Required when there are ongoing service contracts that need to be addressed
8. Islamic Finance Provisions: Required when the purchase involves Islamic financing arrangements
1. Schedule 1 - Property Description: Detailed legal description of the property including lot number, title details, and area
2. Schedule 2 - Purchase Price Payment Terms: Detailed breakdown of payment schedule and method of payment
3. Schedule 3 - Title Particulars: Copy of title particulars and any relevant land office extracts
4. Schedule 4 - Existing Encumbrances: List of any existing charges, liens, or encumbrances affecting the property
5. Schedule 5 - Completion Documents: List of documents required for completion
6. Appendix A - Property Plans: Plans showing the property boundaries and location
7. Appendix B - Special Conditions: Any special conditions or requirements specific to the transaction
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Agriculture (for agricultural land)
Industrial
Commercial Property
Residential Property
Infrastructure Development
Legal
Real Estate
Compliance
Property Management
Corporate Affairs
Land Administration
Conveyancing
Risk Management
Business Development
Asset Management
Property Lawyer
Real Estate Agent
Property Developer
Land Administrator
Corporate Lawyer
Conveyancing Executive
Property Manager
Legal Director
Compliance Officer
Land Surveyor
Real Estate Investment Manager
Property Acquisition Manager
Title Search Officer
Legal Partner
Real Estate Transaction Manager
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