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Unilateral Deed Of Sale

Unilateral Deed Of Sale Template for Malaysia

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Key Requirements PROMPT example:

Unilateral Deed Of Sale

"I need a Unilateral Deed of Sale for transferring ownership of my industrial property in Penang, Malaysia, which includes existing tenant agreements and specialized manufacturing equipment that will be transferred along with the property, with completion planned for March 2025."

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Document background
The Unilateral Deed of Sale is a crucial document in Malaysian property transactions where a single party (the Transferor) formally declares and executes the transfer of property ownership. This document is commonly used in situations where pre-existing agreements are being formalized, or where the transfer needs to be executed by one party independently. The deed must conform to Malaysian legal requirements, including proper execution, witnessing, and registration under the National Land Code 1965 and related legislation. It contains comprehensive details about the property, transfer terms, warranties, and completion requirements. The document is particularly important in Malaysia's dual legal system, where property transactions must comply with both common law principles and, where applicable, Shariah law considerations.
Suggested Sections

1. Date and Parties: Formal deed date and identification of the Transferor/Seller (executing party)

2. Recitals: Background information establishing the Transferor's ownership and right to sell the property

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the deed

4. Property Description: Detailed description of the property being sold, including all legal identifiers

5. Consideration: Statement of the sale price and payment terms

6. Transfer Declaration: Formal declaration of transfer and assignment of rights

7. Transferor's Warranties: Warranties regarding property title, encumbrances, and right to sell

8. Title and Risk: Provisions regarding transfer of title and risk

9. Completion: Requirements and procedures for completing the sale

10. Registration and Stamp Duty: Provisions for deed registration and payment of stamp duty

11. Execution: Formal execution clause and attestation requirements

Optional Sections

1. Property Condition: Detailed description of property condition, used when selling property 'as is' or with specific condition acknowledgments

2. Encumbrances: Section detailing any existing encumbrances, needed if property has existing charges or restrictions

3. Tax Matters: Special tax provisions, required when there are specific tax implications or requirements

4. Planning Permissions: Details of planning permissions and restrictions, necessary for properties with development potential or restrictions

5. Vacant Possession: Provisions regarding vacant possession, needed if property is currently occupied

6. Service Agreements: Details of ongoing service contracts, relevant for properties with existing service arrangements

7. Environmental Matters: Environmental declarations and warranties, necessary for industrial or potentially contaminated properties

Suggested Schedules

1. Property Schedule: Detailed legal description of the property including lot numbers, boundaries, and title details

2. Title Documents: List of all relevant title documents and their copies

3. Property Plans: Plans, drawings, and maps of the property

4. Inventory: List of fixtures, fittings, and contents included in the sale

5. Encumbrances Schedule: Details of any existing encumbrances, charges, or restrictions

6. Planning Permissions Schedule: Copies of relevant planning permissions and certificates

7. Service Contracts: Copies of existing service contracts affecting the property

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions

























Clauses






















Relevant Industries

Real Estate

Property Development

Construction

Manufacturing

Retail

Hospitality

Industrial

Agriculture

Commercial Services

Healthcare

Education

Relevant Teams

Legal

Property Management

Compliance

Corporate Secretarial

Real Estate

Operations

Facilities Management

Business Development

Asset Management

Risk Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Company Secretary

Corporate Lawyer

Property Development Manager

Asset Manager

Facilities Manager

Land Administrator

Real Estate Officer

Business Development Manager

Operations Director

Chief Legal Officer

Property 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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