Document background
The Deed of Sale of Property is a fundamental legal instrument in Malaysian property transactions, essential for documenting and executing the transfer of real property ownership. This document is required whenever there is a sale and purchase of real property in Malaysia, whether residential, commercial, or industrial. It must comply with the National Land Code 1965, Contracts Act 1950, and other relevant Malaysian legislation. The deed includes crucial details such as property particulars, purchase price, payment terms, conditions of sale, and warranties. It serves multiple purposes: evidencing the transfer of ownership, protecting both parties' interests, ensuring compliance with legal requirements, and facilitating registration with the land office. Special considerations may apply for properties subject to Bumiputera quotas, foreign ownership restrictions, or strata titles.
