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The Simple Real Estate Purchase Agreement Between Family Members is specifically designed for use in Malaysia when transferring property ownership between related parties. This document is particularly useful when family members wish to formalize property transfers with proper legal documentation while maintaining simplified terms appropriate for familial transactions. It incorporates essential requirements from Malaysian property law, including compliance with the National Land Code 1965, while addressing unique aspects of family transfers such as special pricing considerations or occupancy rights. The agreement is commonly used for various scenarios including parent-to-child transfers, sibling-to-sibling property sales, or transfers between extended family members. It includes provisions for purchase price, payment terms, property details, and any special family arrangements while ensuring all legal requirements for property transfer in Malaysia are met.

1. Parties: Identification of the family member selling the property (Vendor) and the family member purchasing the property (Purchaser), including their full legal names, MyKad numbers, and addresses

2. Background: Brief context of the family relationship between parties and the intention to transfer the property, establishing the familial nature of the transaction

3. Definitions: Key terms used in the agreement including 'Property', 'Completion Date', 'Purchase Price', and other relevant terms

4. Property Details: Full legal description of the property including title details, lot number, and address as registered with the Land Office

5. Purchase Price: Agreed purchase price and detailed payment terms, including any family-related considerations or adjustments

6. Payment Terms: Structure and schedule of payments, including deposit and completion payment details

7. Conditions Precedent: Any conditions that must be met before the sale can proceed, including obtaining necessary consents

8. Completion: Details of the completion process, including timing, location, and requirements for transfer of title

9. Vendor's Obligations: Responsibilities of the selling family member, including providing clean title and necessary documentation

10. Purchaser's Obligations: Responsibilities of the purchasing family member, including payment and due diligence obligations

11. Representations and Warranties: Basic warranties about property ownership, condition, and authority to sell

12. Governing Law: Specification that the agreement is governed by Malaysian law