Property Settlement Agreement for Malaysia

Property Settlement Agreement Template for Malaysia

A comprehensive legal document governed by Malaysian law that formalizes the terms and conditions of a property settlement between parties. This agreement outlines the complete transfer or settlement of property rights, including detailed property descriptions, consideration, payment terms, and completion requirements. It incorporates relevant provisions from the National Land Code 1965, Contracts Act 1950, and where applicable, Islamic law principles. The document ensures compliance with Malaysian property regulations, stamp duty requirements, and relevant state-specific property laws.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Property Settlement Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Property Settlement Agreement?

The Property Settlement Agreement is a crucial legal document used in Malaysian property transactions to formalize the transfer or settlement of property rights between parties. It is essential when finalizing property transfers, resolving property disputes, or implementing property divisions. The agreement must comply with Malaysian property laws, including the National Land Code 1965 and state-specific regulations. For Muslim parties, additional considerations under Shariah law may apply. The document typically includes comprehensive details about the property, payment terms, conditions precedent, completion requirements, and obligations of all parties involved. It serves as a legally binding record of the settlement terms and provides protection for all parties' interests.

What sections should be included in a Property Settlement Agreement?

1. Parties: Identification and details of all parties involved in the settlement

2. Background: Context of the settlement, including the relationship between parties and reason for the settlement

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

4. Property Details: Comprehensive description of the subject property/properties including legal title details

5. Consideration: Details of the settlement amount or value exchange

6. Payment Terms: Structure and timeline of payments, including deposit and completion amounts

7. Settlement Conditions: Conditions precedent and subsequent to settlement

8. Completion Requirements: Process and requirements for completing the settlement

9. Representations and Warranties: Statements of fact and guarantees by both parties

10. Title and Transfer: Provisions regarding transfer of title and ownership

11. Costs and Stamp Duty: Allocation of transaction costs and stamp duty responsibilities

12. Default and Remedies: Consequences and remedies in case of breach

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

14. Execution: Signing requirements and execution formalities

What sections are optional to include in a Property Settlement Agreement?

1. Islamic Law Compliance: Required when either party is Muslim, ensuring compliance with Shariah principles

2. Staged Settlement: Used when settlement will occur in multiple stages

3. Property Management: Required for properties with ongoing management issues or shared facilities

4. Existing Tenancies: Include when the property has existing tenants

5. Condition of Property: Detailed when there are specific concerns about property condition

6. Development Potential: Include when property has future development possibilities

7. Third Party Rights: Required when there are existing rights or claims by third parties

8. Special Conditions: Any unique requirements or conditions specific to the settlement

What schedules should be included in a Property Settlement Agreement?

1. Schedule 1 - Property Description: Detailed legal description of property including lot number, title details, and boundaries

2. Schedule 2 - Title Documents: List of all relevant title documents and certificates

3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and timing

4. Schedule 4 - Completion Checklist: List of documents and actions required for completion

5. Schedule 5 - Existing Encumbrances: Details of any existing charges, liens, or encumbrances

6. Appendix A - Property Plans: Copy of certified plans and drawings of the property

7. Appendix B - Photographs: Current photographs of the property's condition

8. Appendix C - Regulatory Approvals: Copies of relevant permits and approvals

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

Cost

Free to use
Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Investment Management

Islamic Finance

Urban Planning

Facilities Management

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Investment

Finance

Risk Management

Operations

Documentation

Islamic Finance

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Property Development Manager

Contract Administrator

Compliance Officer

Property Agent

Real Estate Investment Manager

Islamic Law Advisor

Land Officer

Title Officer

Settlement Officer

Property Rights Specialist

Real Estate Transaction Manager

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

Find the exact document you need

Bodily Injury Release

A Malaysian law-governed agreement releasing liability for bodily injury claims, including settlement terms and releases.

Download

Employment Termination Settlement Agreement

A Malaysian law-governed agreement that documents the terms of an employment termination and mutual settlement between employer and employee.

Download

Matrimonial Settlement Agreement

A Malaysian law-governed agreement detailing divorce settlement terms including asset division, financial arrangements, and maintenance provisions between separating spouses.

Download

Retrenchment Settlement Agreement

A Malaysian law-governed agreement documenting terms of employee retrenchment, including settlement package and mutual obligations.

Download

Government Settlement Agreement

A Malaysian law-governed agreement documenting settlement terms between government entities and other parties, including required approvals and compliance measures.

Download

Trademark Infringement Settlement Agreement

A Malaysian law-governed agreement to settle trademark infringement disputes, outlining cessation terms and compensation requirements.

Download

Workplace Settlement Agreement

A Malaysian law-governed agreement that documents the settlement terms between employer and employee to resolve employment disputes or termination.

Download

Tripartite Settlement Agreement

A Malaysian law-governed agreement that formalizes settlement terms and obligations between three parties, providing a legally binding resolution framework.

Download

Settlement Agreement Between Landlord And Tenant

A Malaysian law-governed agreement that formally resolves disputes between landlords and tenants, including settlement terms and mutual releases.

Download

Selling House Divorce Agreement

A Malaysian legal agreement governing the sale of matrimonial property and division of proceeds during divorce proceedings, compliant with Malaysian civil and Shariah law where applicable.

Download

Redundancy Agreement

A Malaysian law-governed agreement documenting redundancy terms, conditions, and payments between employer and employee.

Download

Mutual Divorce Settlement Agreement

A Malaysian civil law agreement documenting mutually agreed divorce terms and settlements between spouses.

Download

General Mutual Release Agreement

A Malaysian law-governed agreement where parties mutually release each other from all claims and obligations.

Download

Division Agreement

A Malaysian law-governed agreement that structures and implements the division of a business entity into separate parts, detailing asset and liability allocation.

Download

Contract Settlement Agreement

A Malaysian law-governed agreement that documents the final settlement terms between disputing parties and prevents future legal actions.

Download

Injury Settlement Agreement

A Malaysian law-governed agreement that documents settlement terms and releases claims between parties following a personal injury incident.

Download

Divorce Agreement

A Malaysian law-governed agreement that formalizes divorce terms, including asset division and custody arrangements.

Download

Amicable Settlement Agreement

A Malaysian law-governed agreement documenting mutually agreed terms to resolve disputes between parties without court intervention.

Download

Formal Settlement Agreement

A legally binding agreement under Malaysian law that documents the full and final settlement of disputes between parties, including settlement terms, releases, and enforcement provisions.

Download

Compromise And Release Agreement

A Malaysian law-governed agreement that settles disputes between parties through mutual release of claims and defined settlement terms.

Download

Settlement Agreement No Further Claims

A Malaysian law-governed agreement that resolves disputes between parties and prevents any future claims related to the settled matter.

Download

Mutual Consent Divorce Settlement Agreement

A Malaysian law-governed agreement documenting mutually agreed divorce terms between consenting spouses, including asset division and settlement arrangements.

Download

Amended Marital Settlement Agreement

A Malaysian legal document modifying an existing marital settlement agreement under the Law Reform (Marriage and Divorce) Act 1976.

Download

Pre Divorce Settlement Agreement

A Malaysian law-governed agreement establishing terms and conditions between spouses planning to divorce, covering asset division, maintenance, and custody arrangements.

Download

Resignation Settlement Agreement

A Malaysian law-governed agreement that formalizes employee resignation terms, settlement conditions, and mutual releases between employer and employee.

Download

Marital Settlement Agreement For Simplified Dissolution Of Marriage

A Malaysian legal agreement for uncontested divorces between non-Muslim couples, outlining mutually agreed terms for marriage dissolution under Malaysian civil law.

Download

Divorce Mediation Settlement Agreement

A Malaysian law-governed agreement documenting terms agreed upon by divorcing spouses through mediation, covering asset division, financial arrangements, and family matters.

Download

Conciliation Settlement Agreement

A Malaysian law-governed agreement documenting the resolution terms reached through conciliation proceedings between disputing parties.

Download

Simple Settlement Agreement

A Malaysian law-governed agreement that formally documents the resolution of disputes between parties, including settlement terms and mutual releases.

Download

Private Divorce Agreement

A Malaysian law-governed agreement detailing mutually agreed terms for marriage dissolution, including asset division and related arrangements.

Download

Lien Settlement Agreement

A Malaysian law-governed agreement that sets out terms for settling and discharging an existing lien between a lien holder and debtor.

Download

Consultant Settlement Agreement

A Malaysian law-governed agreement that documents the settlement terms and mutual releases between a company and consultant, formally concluding their consulting relationship.

Download

Payment And Release Agreement

A Malaysian law-governed agreement documenting payment terms and release of claims between parties, providing a legally binding settlement framework.

Download

General Settlement Agreement

A Malaysian law-governed agreement that documents dispute resolution terms and mutual obligations between parties to prevent future litigation.

Download

Director Settlement Agreement

A Malaysian law-governed agreement that sets out the terms and conditions for a director's departure from a company, including settlements and mutual obligations.

Download

Compromise Agreement Between Two Parties

A Malaysian law-governed agreement that documents the settlement terms and mutual releases between two disputing parties, providing a final resolution to their differences.

Download

Agreement For Settlement Of Dispute

A Malaysian law-governed agreement that formalizes dispute resolution between parties, outlining settlement terms and mutual obligations.

Download

Multi Party Settlement Agreement

A Malaysian law-governed agreement that resolves complex disputes between multiple parties, establishing settlement terms and mutual obligations.

Download

Final Settlement Agreement

A Malaysian law-governed agreement that provides for the full and final settlement of all claims between parties, including payment terms, releases, and confidentiality provisions.

Download

Ex Gratia Payment Settlement Agreement

A Malaysian law-governed agreement documenting voluntary payments made without admission of liability, including payment terms and mutual releases.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now