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Land Sale Agreement Form
"I need a Land Sale Agreement Form for the purchase of a 2-acre industrial plot in Selangor, Malaysia, with completion scheduled for March 2025, including specific provisions for existing tenant rights and environmental compliance requirements."
1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses
2. Background: Recitals explaining the ownership of the property and the intention to sell/purchase
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price
5. Property Details: Detailed description of the land including title particulars, lot number, and land area
6. Payment Terms: Structure and timing of payments, including deposit and completion amounts
7. Conditions Precedent: Essential conditions that must be fulfilled before completion
8. Completion: Requirements and procedures for completing the sale
9. Vendor's Warranties: Warranties regarding title, encumbrances, and property condition
10. Purchaser's Warranties: Warranties regarding capacity to purchase and source of funds
11. Default: Consequences of default by either party
12. Notices: Method and addresses for serving notices
13. Governing Law: Specification of Malaysian law and jurisdiction
14. Execution: Signing and witnessing requirements
1. Foreign Ownership Approval: Required when purchaser is a foreign entity or individual, detailing the necessary approvals
2. Development Status: Included when the land is part of a development project or has development potential
3. Agricultural Conditions: Required when the land is subject to agricultural conditions or restrictions
4. Native Land Requirements: Necessary for land in states with native land regulations
5. Existing Tenancies: Required when the land has existing tenants or occupiers
6. Planning Permissions: Included when specific planning permissions affect the land use
7. Environmental Conditions: Required when environmental issues or restrictions affect the land
8. Special Conditions: Any unique requirements specific to the particular transaction
1. Property Schedule: Detailed technical description of the property including boundaries, measurements, and title particulars
2. Payment Schedule: Detailed breakdown of payment terms, amounts, and timing
3. Title Documents: Copies of relevant title documents and searches
4. Land Use Restrictions: Details of any restrictions or conditions affecting the land use
5. Outstanding Charges: List of any existing charges, liens, or encumbrances
6. Completion Documents: List of documents required for completion
7. Property Plans: Survey plans, location maps, and other relevant plans
8. Regulatory Approvals: Copies of relevant governmental or regulatory approvals
Authors
Real Estate
Property Development
Agriculture
Industrial Manufacturing
Retail
Hospitality
Commercial Services
Construction
Infrastructure
Banking and Finance
Legal Services
Legal
Real Estate
Compliance
Business Development
Finance
Operations
Property Management
Investment
Corporate Secretariat
Risk Management
Legal Counsel
Property Manager
Real Estate Director
Compliance Officer
Business Development Manager
Land Surveyor
Property Valuer
Contract Manager
Real Estate Agent
Development Manager
Investment Analyst
Corporate Secretary
Finance Manager
Operations Director
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