The Provisional Agreement For Sale And Purchase is a critical document in Malaysian property transactions that serves as a legally binding preliminary agreement between parties involved in a property sale. This document is typically used after initial negotiations are successful but before the final Sale and Purchase Agreement is executed, usually while conducting due diligence, arranging financing, or waiting for regulatory approvals. It covers essential elements including property details, purchase price, payment schedule, conditions precedent, and completion requirements, all while adhering to Malaysian property laws and regulations. The agreement provides protection for both parties during this interim period by establishing clear rights, obligations, and remedies, while allowing flexibility for the transaction to progress toward final completion.
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.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification and details of the Vendor and Purchaser, including NRIC/Company numbers and addresses
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Purchase Price', 'Completion Date', etc.
4. Sale and Purchase: Core agreement for the sale and purchase of the property at the specified price
5. Purchase Price: Details of the purchase price, payment schedule, and deposit requirements
6. Conditions Precedent: Essential conditions that must be fulfilled before the agreement becomes fully effective
7. Completion: Timeline and procedures for completing the transaction
8. Vendor's Representations and Warranties: Standard warranties about property ownership, encumbrances, and condition
9. Purchaser's Representations and Warranties: Confirmation of purchaser's capacity and ability to complete the purchase
10. Default and Termination: Consequences of default by either party and termination provisions
11. Notices: How formal communications between parties should be made
12. Governing Law: Confirmation that Malaysian law governs the agreement
1. Property Management: Required for stratified properties to address maintenance fees and sinking funds
2. Third Party Consent: Needed when the property transfer requires approval from authorities or other parties
3. Rental Income: Used when the property is currently tenanted and addressing treatment of existing tenancies
4. GST/Tax Provisions: Detailed tax arrangements if applicable to the transaction
5. Renovation Works: Required when there are ongoing or planned renovation works
6. Foreign Investment: Additional provisions if the purchaser is a foreign national or entity
7. Bank Financing: Specific provisions relating to purchaser's financing arrangements
8. Property Access: Terms for property inspection and access before completion
1. Property Details: Comprehensive description of the property including lot number, title details, and exact measurements
2. Payment Schedule: Detailed breakdown of payment installments and timing
3. Inventory List: List of fixtures, fittings, and furnishings included in the sale
4. Title Particulars: Copy of land title or strata title details
5. Outstanding Charges: List of any existing encumbrances, charges, or caveats
6. Completion Documents: List of documents required for completion
7. Property Condition Report: Current condition of the property and any defects
8. Relevant Permits: Copies of relevant permits, certificates, and approvals
Relevant legal definitions
Agreement
Property
Purchase Price
Deposit
Balance Purchase Price
Completion Date
Completion
Business Day
Bank
Encumbrances
Identity Card
Land Office
Legal Charge
Permitted Use
Property Tax
Purchase Period
Quit Rent
Sale and Purchase Agreement
Title
Transfer
Vendor
Purchaser
Completion Documents
Delivery Date
Due Diligence Period
Effective Date
Land
Building
Payment Date
Possession
Purchase Tax
Registration Fee
Stamp Duty
Title Deed
Vacant Possession
Property
Purchase Price
Deposit
Balance Purchase Price
Completion Date
Completion
Business Day
Bank
Encumbrances
Identity Card
Land Office
Legal Charge
Permitted Use
Property Tax
Purchase Period
Quit Rent
Sale and Purchase Agreement
Title
Transfer
Vendor
Purchaser
Completion Documents
Delivery Date
Due Diligence Period
Effective Date
Land
Building
Payment Date
Possession
Purchase Tax
Registration Fee
Stamp Duty
Title Deed
Vacant Possession
Clauses
Identification of Parties
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Completion
Title and Ownership
Representations and Warranties
Property Condition
Encumbrances
Transfer of Title
Vacant Possession
Default and Remedies
Termination
Force Majeure
Stamp Duty
Registration
Assignment
Notices
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Time of Essence
Further Assurance
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Completion
Title and Ownership
Representations and Warranties
Property Condition
Encumbrances
Transfer of Title
Vacant Possession
Default and Remedies
Termination
Force Majeure
Stamp Duty
Registration
Assignment
Notices
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Time of Essence
Further Assurance
Relevant Industries
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Retail
Hospitality
Commercial Property
Residential Property
Industrial Property
Relevant Teams
Legal
Real Estate
Compliance
Sales
Business Development
Property Management
Corporate Affairs
Finance
Investment
Operations
Relevant Roles
Real Estate Agent
Property Lawyer
Conveyancing Executive
Property Manager
Legal Counsel
Compliance Officer
Bank Manager
Property Developer
Sales Director
Business Development Manager
Corporate Lawyer
Transaction Manager
Real Estate Investment Manager
Asset Manager
Company Secretary
Find the exact document you need
Motor Sale Agreement
A Malaysian law-governed agreement for the sale and purchase of motor vehicles, detailing terms, conditions, and ownership transfer requirements.
find out more
Car Buyer Seller Contract
A Malaysian law-governed agreement for the sale and purchase of motor vehicles, ensuring compliant transfer of vehicle ownership between parties.
find out more
Homesite Lease
A Malaysian law-compliant lease agreement for residential land use, governed by the National Land Code 1965 and state regulations.
find out more
Unconditional Contract Of Sale
A Malaysian law-governed unconditional contract that enables immediate and binding transfer of ownership from seller to buyer.
find out more
Lease To Purchase Contract
A Malaysian law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both leasing and buying phases.
find out more
Agreement To Sell Business
A Malaysian law-governed agreement that documents the formal transfer of business ownership from seller to buyer, including all key terms and conditions of the sale.
find out more
Real Estate Listing Contract
A Malaysian-law governed agreement between property owner and real estate agent establishing terms for property listing and sale.
find out more
Real Estate Installment Contract
A Malaysian law-governed agreement for the purchase of real estate through structured installment payments, outlining terms, conditions, and payment schedules.
find out more
Definitive Purchase Agreement
A Malaysian law-governed agreement that finalizes the terms and conditions for the purchase and sale of assets, shares, or a business.
find out more
Cross Purchase Buy Sell Agreement
A Malaysian law-governed agreement between shareholders establishing terms for purchasing each other's shares upon specific triggering events.
find out more
Absolute Agreement Of Sale
A Malaysian law-governed agreement for the absolute and unconditional transfer of ownership from seller to purchaser.
find out more
Used Car Sale Contract
A Malaysian law-governed contract for the sale and purchase of used vehicles, ensuring legal compliance and protecting both buyer and seller interests.
find out more
Software Sales Contract
A Malaysian law-governed agreement for software sales and licensing, detailing terms of sale, usage rights, and obligations between vendor and purchaser.
find out more
Simple Home Sale Contract
A Malaysian law-governed contract for residential property sale and purchase, incorporating essential elements for legal property transfer.
find out more
Sales Rep Contract
Malaysian-law governed agreement establishing terms between a company and sales representative, including territory rights, commission structure, and compliance requirements.
find out more
House Sale Agreement Form
A Malaysian law-governed agreement for the sale and purchase of residential property, detailing terms, conditions, and obligations of both parties.
find out more
Wholesale Contract
A Malaysian law-governed agreement establishing terms and conditions for wholesale trading relationships between commercial parties.
find out more
Sales Commission Contract
A Malaysian law-governed agreement establishing terms and commission structures for sales representatives and their principal companies.
find out more
Conditional Sale Agreement Land
A Malaysian law-governed agreement for the conditional sale and purchase of land, subject to specific conditions and completion requirements.
find out more
Commission Agent Agreement
A Malaysian law-governed agreement establishing terms between a principal and commission agent for sales representation and commission-based compensation.
find out more
Motor Vehicle Retail Installment Sales Contract
A Malaysian law-compliant contract for the sale of motor vehicles through installment payments, incorporating mandatory provisions under the Hire-Purchase Act 1967.
find out more
Personal Goodwill Purchase Agreement
A Malaysian law-governed agreement for the purchase and transfer of individual personal goodwill, including professional reputation and customer relationships.
find out more
Dealer Consignment Form
A Malaysian law-governed agreement establishing terms for dealers to sell goods on consignment basis, defining rights and obligations of both consignor and consignee.
find out more
Purchase And Sale Agreement For House
A Malaysian law-governed agreement documenting the sale and purchase of residential property, including all essential terms and conditions for property transfer.
find out more
Sale With Buyback Agreement
A Malaysian law-governed agreement for the sale of assets with predetermined buyback terms, suitable for both conventional and Islamic finance transactions.
find out more
Offer To Purchase Real Estate Form Private Sale
A Malaysian legal document presenting a formal offer to purchase real estate from a private seller, outlining purchase terms and conditions under Malaysian law.
find out more
Multi Family Purchase And Sale Agreement
A Malaysian law-governed agreement for the purchase and sale of multi-family residential properties, addressing property transfer, tenancies, and regulatory compliance requirements.
find out more
Commercial Real Estate Purchase Contract
A Malaysian law-governed agreement for the sale and purchase of commercial real estate, ensuring compliant transfer of property ownership.
find out more
Agreement For Sale Of Mortgaged Property
A Malaysian law-governed agreement for the sale of mortgaged property, detailing terms of sale and mortgage discharge procedures.
find out more
Sale Of Shares In Private Company Agreement
A Malaysian law-governed agreement for the sale and purchase of shares in a private company, detailing transaction terms and regulatory compliance requirements.
find out more
Sale And Construction Agreement
A Malaysian law-governed agreement combining property sale and construction obligations, structured to comply with local housing development and construction regulations.
find out more
New Car Purchase Agreement
A Malaysian law-governed agreement for the purchase of a new vehicle, detailing terms of sale, specifications, and obligations of both dealer and buyer.
find out more
Sale Of Partnership Interest Agreement
A Malaysian law-governed agreement facilitating the sale and transfer of partnership interests between parties, including terms, conditions, and regulatory compliance requirements.
find out more
Vehicle Installment Sale Agreement
A Malaysian law-governed agreement for vehicle purchase through installment payments, outlining payment terms, ownership rights, and parties' obligations.
find out more
Commercial Property Sale Contract
A Malaysian law-governed agreement for the sale and purchase of commercial property, establishing terms, conditions, and requirements for property transfer.
find out more
Sub Sale Agreement
A Malaysian legal document governing the sale of property between a current owner and new buyer, compliant with Malaysian property laws and regulations.
find out more
Assignment Of Purchase And Sale Agreement
A Malaysian law-governed agreement transferring rights and obligations under an existing Sale and Purchase Agreement from an original purchaser to a new purchaser.
find out more
Simple Buy Sell Agreement
A Malaysian law-governed agreement documenting the basic terms and conditions for the sale and purchase of goods between two parties.
find out more
Sale Of Sole Proprietorship Business Agreement
A Malaysian law-governed agreement for the complete transfer of ownership and assets of a sole proprietorship business from seller to buyer.
find out more
Bulk Sale Agreement
A Malaysian law-governed agreement for large-volume commercial transactions, detailing terms for bulk sale and purchase of goods between businesses.
find out more
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
.png)
.png)