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The Simple Real Estate Purchase Contract serves as a fundamental legal instrument for property transactions in Malaysia, designed to facilitate straightforward property purchases between vendors and purchasers. This document is primarily used when parties wish to document a direct property sale without complex conditions or unusual terms. It incorporates essential requirements from Malaysian property law, including the National Land Code 1965, Contracts Act 1950, and relevant state-level regulations. The contract typically includes property details, purchase price, payment terms, warranties, and completion requirements, while ensuring compliance with local stamping and registration requirements. It's particularly suitable for residential property transactions and can be adapted for both individual and corporate buyers, providing a clear framework for the transfer of property ownership under Malaysian jurisdiction.

1. Parties: Identification of the Vendor and Purchaser with full legal names, identification numbers, and addresses as required under Malaysian law

2. Background: Brief context of the transaction and property ownership status

3. Definitions: Key terms used throughout the agreement including Property, Purchase Price, Completion Date, etc.

4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price

5. Property Details: Detailed description of the property including title details as per National Land Code requirements

6. Purchase Price: Agreed purchase price and payment structure including deposit and balance payment terms

7. Conditions Precedent: Essential conditions that must be fulfilled before completion, including title searches and legal requirements

8. Completion: Timeline and procedures for completing the transaction, including documentation and registration requirements

9. Vendor's Warranties: Standard warranties regarding property ownership, encumbrances, and condition

10. Purchaser's Warranties: Confirmations regarding financial capability and compliance with relevant laws

11. Default Provisions: Consequences and remedies in case of default by either party

12. Notices: Process for serving formal notices between parties

13. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction

14. Execution: Formal signing section complying with Malaysian requirements