The Property Contract serves as the primary legal instrument for real estate transactions in Malaysia, essential for both residential and commercial property transfers. It is designed to comply with Malaysian property laws, particularly the National Land Code 1965, Contracts Act 1950, and other relevant legislation. This document is utilized when transferring property ownership, whether for individual home purchases, commercial real estate transactions, or development projects. The contract typically includes crucial elements such as property details, payment terms, conditions precedent, and completion requirements. It also addresses specific Malaysian legal requirements such as land office registration, consent requirements, and applicable property taxes. The document's structure and content are tailored to protect both parties' interests while ensuring compliance with local property regulations and transfer procedures.

1. Parties: Identification of the vendor/seller and purchaser/buyer with full legal names, identification numbers, and addresses as required by Malaysian law

2. Background: Context of the transaction, including brief property description and intention of the parties

3. Definitions: Definitions of key terms used throughout the agreement, including property-specific terminology

4. Property Details: Comprehensive description of the property including lot number, title details, and land office registration information as per National Land Code requirements

5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Conditions Precedent: Conditions that must be fulfilled before completion, including title searches and relevant authority approvals

8. Vendor's Obligations: Responsibilities of the vendor including delivery of vacant possession and execution of transfer documents

9. Purchaser's Obligations: Responsibilities of the purchaser including timely payment and compliance with transfer requirements

10. Completion: Completion date, delivery of documents, and transfer procedures

11. Title and Transfer: Provisions regarding title guarantee and transfer process as per National Land Code

12. Default and Termination: Consequences of breach and termination rights

13. Governing Law: Specification of Malaysian law as governing law and jurisdiction