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Real Estate Sales Agreement
"I need a Real Estate Sales Agreement for the sale of a commercial property in Kuala Lumpur from my company to a foreign corporation, with completion scheduled for March 2025 and including provisions for existing tenant agreements."
1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses
2. Background: Recitals explaining the context of the sale and brief description 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 exact measurements
5. Purchase Price: Statement of the agreed purchase price and payment terms including deposit and completion payment details
6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and consequences of late payment
7. Conditions Precedent: Any conditions that must be fulfilled before completion of the sale
8. Vendor's Obligations: All obligations and warranties provided by the vendor including title guarantee and property condition
9. Purchaser's Obligations: All obligations of the purchaser including payment and due diligence responsibilities
10. Completion: Details of the completion process, including timing, location, and documentation requirements
11. Default Provisions: Consequences and remedies in case of default by either party
12. Notices: Process and requirements for serving notices under the agreement
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction details
14. Execution: Signature blocks and execution requirements
1. Strata Title Provisions: Required when the property is a strata-titled property, covering management corporation rules and maintenance fees
2. Foreign Investment Approval: Required when the purchaser is a foreign national or entity, addressing FIC guidelines and approvals
3. Tenancy Details: Required when the property is sold with existing tenants, covering handover of tenancy agreements and deposits
4. Property Financing: Required when the purchase involves bank financing, including conditions related to loan approval
5. Development Orders: Required for properties under construction or pending development approvals
6. GST Provisions: Required when the transaction is subject to Goods and Services Tax
7. Special Conditions: For any unique requirements specific to the particular transaction
1. Schedule 1 - Property Details: Detailed property information including exact measurements, boundaries, and title particulars
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms including installment amounts and due dates
3. Schedule 3 - Property Inventory: List of fixtures, fittings, and other items included in the sale
4. Schedule 4 - Title Conditions: List of existing encumbrances, easements, and restrictions on the title
5. Appendix A - Property Documents: Copies of relevant property documents including title deed and land survey
6. Appendix B - Property Plans: Floor plans, location maps, and other relevant property layouts
7. Appendix C - Completion Checklist: List of documents and actions required for completion
8. Appendix D - Relevant Approvals: Copies of planning permissions, certificates of fitness, and other regulatory approvals
Authors
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Property Investment
Housing Development
Commercial Property
Residential Property
Property Management
Legal
Real Estate
Compliance
Property Management
Sales
Business Development
Risk Management
Finance
Operations
Corporate Affairs
Real Estate Agent
Property Lawyer
Conveyancing Executive
Property Developer
Legal Counsel
Real Estate Manager
Property Investment Manager
Compliance Officer
Real Estate Broker
Property Consultant
Title Officer
Contract Administrator
Business Development Manager
Property Sales Director
Legal Director
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