The As Is Real Estate Contract is a specialized agreement used in Malaysian property transactions where the buyer agrees to purchase the property in its existing condition without warranties about its physical state. This document is particularly relevant in situations involving older properties, distressed sales, or when sellers wish to limit their post-sale liability. The contract complies with Malaysian property law requirements, including the National Land Code 1965 and state-specific regulations, while explicitly documenting the buyer's acceptance of the property's current condition. It includes comprehensive provisions for property description, payment terms, closing requirements, and transfer procedures, with specific attention to local legal requirements for property transactions. This type of agreement is commonly used in both residential and commercial property sales throughout Malaysia where standard warranties are not practical or desired.

1. Parties: Identification of the Seller and Purchaser with complete details as required under Malaysian law

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Key terms used throughout the agreement, including Malaysian legal terminology

4. Property Description: Detailed legal description of the property as per the land title

5. 'As Is' Condition: Clear statement that property is sold 'as is' with buyer acknowledgment of condition

6. Purchase Price: Statement of purchase price and payment structure

7. Payment Terms: Details of deposit, balance payment, and payment methods

8. Property Inspection: Buyer's confirmation of property inspection and acceptance of current condition

9. Seller's Representations: Limited representations regarding ownership and authority to sell

10. Buyer's Acknowledgments: Explicit acknowledgments regarding property condition and inspection

11. Closing: Closing date, process, and requirements

12. Transfer of Title: Process for title transfer under Malaysian land law

13. Costs and Taxes: Allocation of stamp duty, legal fees, and other transaction costs

14. Default: Consequences of default by either party

15. Governing Law: Malaysian law as governing law and jurisdiction