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Apartment Deed

Apartment Deed Template for Malaysia

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Key Requirements PROMPT example:

Apartment Deed

"I need an Apartment Deed for the transfer of a newly completed apartment unit in Kuala Lumpur from a developer to a first-time buyer, with expected completion in March 2025 and including two designated parking spaces."

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Document background
An Apartment Deed is a crucial legal instrument in Malaysian property transactions, specifically designed for the transfer of strata-titled residential properties. This document is required whenever an apartment unit changes ownership, whether through sale, gift, or other forms of transfer. The deed must comply with the National Land Code 1965, Strata Titles Act 1985, and other relevant Malaysian property laws. It contains detailed information about the property, parties involved, rights transferred, obligations assumed, and relationship with the management corporation. The Apartment Deed serves as the definitive record of ownership and must be properly executed and registered to ensure legal validity and protection of the parties' interests.
Suggested Sections

1. Parties: Identification of the transferor and transferee with full legal names, identification numbers, and addresses

2. Background: Brief history of the property ownership and purpose of the deed transfer

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

4. Property Description: Detailed description of the apartment including lot number, floor area, and strata title details

5. Consideration: Purchase price and payment terms

6. Rights and Interests: Specification of rights being transferred and any retained rights

7. Covenants and Warranties: Promises and guarantees made by the transferor regarding the property

8. Common Property Rights: Rights and obligations regarding common areas and facilities

9. Management Corporation: Relationship with and obligations to the management corporation

10. Execution: Formal execution clause and signature requirements

Optional Sections

1. Encumbrances: Details of any existing mortgages, charges, or other encumbrances - include when property has existing loans or liens

2. Special Conditions: Any unique terms specific to the property or transaction - include when there are non-standard arrangements

3. Renovation Terms: Specific conditions regarding property modifications - include when there are existing or planned renovations

4. Parking Rights: Details of car park lots and associated rights - include when parking spaces are included

5. Service Agreements: Reference to ongoing service contracts - include when there are existing service arrangements

Suggested Schedules

1. Schedule A - Property Details: Comprehensive technical description of the property including exact measurements and boundaries

2. Schedule B - Floor Plan: Detailed floor plan showing the layout and dimensions of the apartment

3. Schedule C - Common Facilities: List and description of all common facilities and areas

4. Schedule D - Title Particulars: Copy of relevant strata title information

5. Schedule E - Inventory: List of fixtures and fittings included in the transfer

6. Appendix 1 - Share Units: Calculation and allocation of share units

7. Appendix 2 - Management Rules: Copy of management corporation by-laws and house rules

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Development

Property Management

Construction

Urban Planning

Insurance

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Operations

Finance

Customer Service

Documentation

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Legal Counsel

Conveyancing Executive

Land Registry Officer

Property Developer

Bank Officer

Title Insurance Officer

Property Valuer

Compliance Officer

Real Estate Transaction Manager

Industries
National Land Code 1965: The fundamental law governing land matters in Peninsular Malaysia, including property ownership, transfer procedures, and registration requirements
Strata Titles Act 1985: Specific legislation governing subdivided buildings and the issuance of strata titles for individual units within a development
Housing Development (Control and Licensing) Act 1966: Regulates housing developments and protects homebuyers' interests, including mandatory provisions in sale and purchase agreements
Contracts Act 1950: Governs the fundamental principles of contract formation and enforcement in Malaysia, essential for deed preparation
Stamp Act 1949: Regulates the stamping requirements and duties payable for property transaction documents
Street, Drainage and Building Act 1974: Controls building standards and requirements that may affect property usage and maintenance
Local Government Act 1976: Provides framework for local authority by-laws affecting property management and usage restrictions
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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