The Multi Family Purchase And Sale Agreement is essential for transactions involving residential properties with multiple dwelling units in Malaysia. This document is typically used when investors, developers, or property companies are acquiring apartment buildings, condominiums, or other multi-unit residential complexes. It addresses specific requirements under Malaysian law, including compliance with the National Land Code 1965, Housing Development (Control and Licensing) Act 1966, and Strata Titles Act 1985. The agreement covers crucial elements such as property description, purchase price, payment terms, existing tenancies, property management arrangements, and closing conditions. It also includes provisions for due diligence, title transfer, and regulatory approvals, while accounting for unique Malaysian market considerations such as bumiputera ownership quotas and optional Shariah-compliant financing structures.

1. Parties: Identification of the seller(s) and buyer(s), including their full legal names, registration numbers for companies, and addresses

2. Background: Context of the transaction, brief description of the property, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.

4. Sale and Purchase: Core agreement to sell and purchase the property, including the total purchase price and payment terms

5. Property Description: Detailed description of the multi-family property, including all units, common areas, and facilities

6. Purchase Price and Payment: Detailed breakdown of the purchase price, deposit requirements, and payment schedule

7. Conditions Precedent: Conditions that must be satisfied before the agreement becomes fully effective

8. Due Diligence: Buyer's right to investigate the property and related documents

9. Representations and Warranties: Seller's representations regarding property condition, title, tenancies, and other material facts

10. Completion: Closing procedures, including documentation requirements and timing

11. Title and Transfer: Provisions regarding transfer of title and registration requirements

12. Existing Tenancies: Treatment of current tenants and lease agreements

13. Property Management: Arrangements for management of the property between agreement and completion

14. Risk and Insurance: Allocation of risk and insurance requirements

15. Default and Termination: Consequences of default and termination rights

16. Notices: Requirements for giving formal notices under the agreement

17. Governing Law and Dispute Resolution: Applicable law and methods for resolving disputes