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House Purchase Agreement Form for Malaysia

House Purchase Agreement Form Template for Malaysia

A standardized legal document governed by Malaysian law that facilitates the sale and purchase of residential property in Malaysia. This agreement outlines the terms and conditions of the property transfer, including purchase price, payment terms, completion requirements, and obligations of both parties. It complies with the Housing Development (Control and Licensing) Act 1966 and National Land Code 1965, providing a comprehensive framework for property transactions while protecting the interests of both buyers and sellers in the Malaysian property market.

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What is a House Purchase Agreement Form?

The House Purchase Agreement Form is a crucial legal document used in Malaysian property transactions when transferring ownership of residential properties. It serves as the primary contract between buyers and sellers, ensuring compliance with Malaysian property laws including the National Land Code 1965 and Housing Development (Control and Licensing) Act 1966. This document is essential for both new property purchases from developers and secondary market transactions between private parties. It includes detailed provisions for property description, purchase price, payment terms, conditions precedent, completion requirements, and the rights and obligations of all parties involved. The agreement provides legal protection for both parties and serves as the foundation for the property transfer process in Malaysia.

What sections should be included in a House Purchase Agreement Form?

1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with full legal names, identification numbers, and addresses

2. Background: Brief context of the transaction, including property ownership status and intention to sell/purchase

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including lot number, title details, built-up area, and location

5. Purchase Price: Agreed purchase price and payment terms including deposit, progressive payments, and completion payment

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of late payment

7. Conditions Precedent: Conditions that must be fulfilled before completion of the sale

8. Vendor's Obligations: Responsibilities and warranties of the seller including providing vacant possession and clear title

9. Purchaser's Obligations: Responsibilities of the buyer including payment obligations and compliance with terms

10. Completion: Requirements and procedure for completing the sale including documentation and timing

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

12. Notices: Method and addresses for serving notices between parties

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

What sections are optional to include in a House Purchase Agreement Form?

1. Strata Title: Required for apartments or condominiums, detailing strata title specifics and maintenance fees

2. Third Party Consent: Required when the property requires consent from authorities or other parties for transfer

3. Tenancy: Required when the property is currently tenanted, addressing existing tenancy agreements

4. Renovation: Used when there are existing renovation works or agreements about future renovations

5. Property Management: Required for properties in managed communities, detailing management fees and obligations

6. Bank Financing: Required when the purchase involves bank financing, including specific terms and conditions

7. Special Conditions: For any unique circumstances or requirements specific to the transaction

What schedules should be included in a House Purchase Agreement Form?

1. Schedule 1 - Property Description: Detailed property specifications, boundaries, and included fixtures and fittings

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing

3. Schedule 3 - Title Particulars: Complete details of the property title, restrictions, and encumbrances

4. Schedule 4 - Inventory List: List of fixtures, fittings, and furniture included in the sale

5. Appendix A - Property Documents: Copies of relevant property documents including title deed and floor plan

6. Appendix B - Vendor's Warranties: Detailed list of warranties provided by the vendor regarding the property

7. Appendix C - Completion Documents: List of documents required for completion of the sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions






































Clauses






























Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Construction

Property Management

Insurance

Urban Planning

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Finance

Risk Management

Customer Service

Documentation

Operations

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancing Executive

Property Developer

Bank Officer

Mortgage Specialist

Property Manager

Legal Counsel

Property Valuer

Sales Director

Compliance Officer

Property Consultant

Real Estate Investment Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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