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Real Estate Contract Of Sale
"I need a Real Estate Contract of Sale for a residential property in Kuala Lumpur, with completion scheduled for March 2025. The property is a freehold condominium unit and the buyer requires bank financing."
1. Parties: Identification and details of the Vendor and Purchaser, including full names, identification numbers, and addresses
2. Background: Brief context of the transaction and statement of Vendor's ownership of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, title details, and physical address
5. Purchase Price: Agreed purchase price and payment terms including deposit, balance, and payment schedule
6. Conditions Precedent: Conditions that must be fulfilled before completion, including title searches and financing approval
7. Vendor's Obligations: Responsibilities and warranties of the seller including delivery of vacant possession and settlement of outstanding charges
8. Purchaser's Obligations: Responsibilities of the buyer including payment obligations and due diligence requirements
9. Completion: Details of the completion process, timing, and requirements for transfer of title
10. Title and Transfer: Provisions regarding the transfer of title and registration process
11. Default and Termination: Consequences of default by either party and termination provisions
12. Notices: Process and requirements for serving notices under the agreement
13. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction details
14. Execution: Signature blocks and execution requirements
1. Tenancy: Required if the property is currently tenanted, detailing arrangements for existing tenants
2. Strata Title: Required for apartments or condominiums, including details of share in common property and maintenance obligations
3. Property Condition: Detailed when specific property conditions need to be addressed or when property is sold 'as is'
4. Renovation Works: Required if there are ongoing or planned renovation works that affect the sale
5. GST/Tax Provisions: Detailed GST or tax provisions if applicable to the transaction
6. Developer's Consent: Required if the property is still under developer's control or subject to developer's restrictions
7. Bumiputera Restrictions: Required if the property is subject to Bumiputera ownership restrictions
1. Schedule 1 - Property Description: Detailed description of the property including boundaries, fixtures, and fittings
2. Schedule 2 - Title Particulars: Copy of title details, including any endorsements or encumbrances
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and timeline
4. Schedule 4 - Vendor's Warranties: List of specific warranties given by the vendor regarding the property
5. Schedule 5 - Inventory List: List of items included in the sale (if furnished property)
6. Appendix A - Property Plans: Floor plans, location maps, and other relevant property diagrams
7. Appendix B - Required Consents: Copies of relevant consents and approvals
8. Appendix C - Special Conditions: Any special conditions or requirements specific to the transaction
Authors
Real Estate
Legal Services
Banking & Finance
Property Development
Construction
Property Investment
Real Estate Investment Trusts (REITs)
Property Management
Legal
Real Estate
Property Management
Acquisitions
Compliance
Corporate Services
Investment
Operations
Risk Management
Documentation
Real Estate Lawyer
Property Lawyer
Conveyancing Lawyer
Real Estate Agent
Property Agent
Property Developer
Legal Counsel
Corporate Lawyer
Property Manager
Real Estate Investment Manager
Land Administrator
Title Officer
Compliance Officer
Real Estate Transaction Manager
Property Acquisition Manager
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