Consent To Transfer Form for Malaysia

Consent To Transfer Form Template for Malaysia

A Malaysian Consent to Transfer Form is a formal legal document used to document and execute the voluntary transfer of assets, property, or rights from one party (transferor) to another (transferee). Governed by Malaysian law, particularly the National Land Code 1965 and Contracts Act 1950, this document serves as official evidence of consent and includes details of the parties involved, specific description of the assets being transferred, and explicit consent statements. The form must comply with Malaysian legal requirements for property transfers, including proper attestation and, where applicable, registration with relevant authorities.

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What is a Consent To Transfer Form?

The Consent To Transfer Form is a crucial document in Malaysian business and legal practice, used when one party needs to formally transfer ownership or rights of assets to another party. This document is essential for ensuring compliance with Malaysian legal requirements and providing clear evidence of the transfer transaction. The form is commonly used in various contexts, including property transfers, share transfers, and asset disposals. It must be drafted in accordance with the National Land Code 1965, Contracts Act 1950, and other relevant Malaysian legislation. The document typically includes detailed information about the parties involved, specific descriptions of the assets being transferred, and explicit consent statements. A properly executed Consent To Transfer Form helps prevent future disputes and ensures the transfer is legally recognized by Malaysian authorities.

What sections should be included in a Consent To Transfer Form?

1. Transferor Details: Full legal name, identification number, and contact details of the current owner/transferor

2. Transferee Details: Full legal name, identification number, and contact details of the recipient/transferee

3. Asset Description: Detailed description of the asset being transferred (property details, share certificates, etc.)

4. Declaration of Consent: Clear statement of consent to transfer the specified asset from transferor to transferee

5. Consideration: Statement of any consideration being paid for the transfer, if applicable

6. Execution Block: Space for signatures, witness details, and dates

7. Attestation: Witnessing clause and details of the witness(es)

What sections are optional to include in a Consent To Transfer Form?

1. Conditions Precedent: Any conditions that must be met before the transfer can take effect - include when transfer is conditional

2. Spousal Consent: Required when transferring matrimonial property or when required by specific cultural or religious laws

3. Company Resolution Reference: Include when the transfer involves corporate assets and requires board approval

4. Foreign Investment Declaration: Required when the transferee is a foreign entity or person

5. Value Declaration: Statement of the market value of the asset - include for stamp duty purposes when required

What schedules should be included in a Consent To Transfer Form?

1. Schedule 1 - Asset Details: Comprehensive description and particulars of the asset being transferred

2. Schedule 2 - Supporting Documents: List of all supporting documents attached to the consent form

3. Appendix A - Identity Documents: Copies of identification documents of all parties

4. Appendix B - Title Documents: Copies of relevant title documents or certificates of ownership

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

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Consent Form

Cost

Free to use
Relevant Industries

Real Estate

Banking & Finance

Corporate Services

Legal Services

Manufacturing

Retail

Technology

Agriculture

Mining

Construction

Education

Healthcare

Relevant Teams

Legal

Corporate Secretarial

Compliance

Real Estate

Property Management

Corporate Services

Administrative Services

Business Development

Asset Management

Operations

Relevant Roles

Legal Counsel

Company Secretary

Property Manager

Real Estate Agent

Corporate Lawyer

Compliance Officer

Contract Administrator

Property Administrator

Business Development Manager

Asset Manager

Transaction Manager

Legal Executive

Corporate Services Executive

Land Administrator

Property Officer

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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