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Real Estate Purchase Contract Form
"I need a Real Estate Purchase Contract Form for a three-story commercial property in Kuala Lumpur, with completion scheduled for March 2025, including specific provisions for existing tenants and renovation allowances."
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 confirmation of Vendor's ownership and right to sell
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including title details, lot number, address, and land area
5. Purchase Price: Agreed purchase price and payment structure
6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and balance payment arrangements
7. Conditions Precedent: Conditions that must be fulfilled before completion of the sale
8. Vendor's Obligations: Responsibilities and warranties of the seller including delivering vacant possession
9. Purchaser's Obligations: Responsibilities of the buyer including payment obligations and due diligence
10. Completion: Requirements and procedure for completion of the sale
11. Title and Transfer: Provisions regarding transfer of title and registration requirements
12. Default: Consequences and remedies in case of default by either party
13. Notices: Method and addresses for serving notices between parties
14. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction
1. Strata Title Provisions: Additional provisions for properties under strata title, including management corporation obligations
2. Foreign Ownership: Special conditions and requirements if the purchaser is a foreign national
3. Developer's Consent: Required when the property is still under developer's control or has restrictions
4. Tenancy Provisions: Required when the property is sold with existing tenants
5. Bank Consent: Required when the property has an existing charge or mortgage
6. Real Property Gains Tax Retention: Special provisions for RPGT retention sum if applicable
7. Renovation Works: Provisions regarding any agreed renovation works to be completed before/after completion
1. Schedule 1 - Property Details: Detailed description of the property including boundaries, fixtures, and fittings
2. Schedule 2 - Title Particulars: Copy of land title or strata title details
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and installments
4. Schedule 4 - Vendor's Warranties: List of warranties provided by the vendor regarding the property
5. Schedule 5 - Completion Documents: List of documents required for completion
6. Appendix A - Property Plans: Floor plans, location maps, and other relevant property drawings
7. Appendix B - Inventory List: List of included furnishings and fittings (if applicable)
8. Appendix C - Special Conditions: Any special conditions or requirements specific to the transaction
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Investment
Housing Development
Commercial Property
Residential Property
Property Management
Legal
Real Estate
Compliance
Property Management
Business Development
Investment
Document Control
Operations
Finance
Risk Management
Real Estate Agent
Property Lawyer
Legal Counsel
Property Developer
Real Estate Manager
Compliance Officer
Contract Administrator
Property Investment Manager
Real Estate Transaction Coordinator
Title Officer
Conveyancing Executive
Property Acquisition Manager
Real Estate Business Development Manager
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