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Commercial Property Purchase Agreement
"I need a Commercial Property Purchase Agreement for acquiring a multi-story office building in Kuala Lumpur's business district, with completion scheduled for March 2025, including provisions for existing tenants and building maintenance contracts."
1. Parties: Identification of the vendor and purchaser, including registration details for companies or NRIC for individuals
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement to sell and purchase the property at the agreed price
5. Purchase Price: Details of the purchase price and payment terms including deposit and balance
6. Conditions Precedent: Conditions that must be fulfilled before completion can occur
7. Property Condition: Current state of the property and any warranties regarding its condition
8. Title and Ownership: Confirmation of vendor's ownership and guarantee of clear title
9. Due Diligence: Purchaser's right to conduct investigations and timing
10. Completion: Requirements and procedures for completing the transaction
11. Post-Completion Obligations: Actions required after completion, including registration of transfer
12. Default and Termination: Consequences of default and circumstances allowing termination
13. Representations and Warranties: Standard warranties given by both parties
14. Notices: How formal notices between parties should be given
15. Governing Law and Jurisdiction: Confirmation of Malaysian law and jurisdiction
16. General Provisions: Standard boilerplate clauses including entire agreement, variations, etc.
1. Foreign Investment Approval: Required when purchaser is a foreign entity requiring regulatory approval
2. Tenancies: Required when property is sold subject to existing tenancies
3. Planning and Development: Required when property involves ongoing or planned development works
4. Environmental Matters: Required for industrial properties or where environmental issues are relevant
5. Service Contracts: Required when property comes with ongoing service contracts to be transferred
6. Employee Matters: Required when property sale includes transfer of employees
7. Intellectual Property: Required when sale includes trading names or other IP associated with the property
8. Tax Structure: Required when special tax considerations apply to the transaction
1. Property Description: Detailed description of the property including title particulars and plan
2. Purchase Price Payment Schedule: Breakdown of payment instalments and timing
3. Completion Requirements: Detailed list of documents required for completion
4. Vendor's Deliverables: List of items to be delivered by vendor at completion
5. Existing Tenancies: Details of any existing lease agreements
6. Property Inventory: List of fixtures, fittings and other items included in the sale
7. Outstanding Repairs: List of agreed repairs to be completed before completion
8. Title Documents: Copies of relevant title documents and encumbrances
9. Due Diligence Results: Summary of key findings from due diligence investigations
10. Regulatory Approvals: Copies of required governmental or regulatory approvals
Authors
Real Estate
Banking & Finance
Legal Services
Property Development
Retail
Manufacturing
Hospitality
Healthcare
Education
Logistics
Technology
Professional Services
Legal
Real Estate
Finance
Compliance
Operations
Facilities Management
Business Development
Investment
Risk Management
Property Management
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Manager
Legal Counsel
Corporate Lawyer
Real Estate Agent
Property Consultant
Facilities Manager
Investment Manager
Asset Manager
Development Manager
Compliance Officer
Finance Director
Commercial Director
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