Document background
The Simple Home Purchase Contract is a fundamental legal document used in Malaysian property transactions for the sale and purchase of residential properties. This agreement is designed to comply with Malaysian property law, particularly the National Land Code 1965 and the Housing Development Act 1966. It is typically used for straightforward property transactions between private parties, providing essential terms including property details, purchase price, payment schedule, and completion requirements. The document includes necessary provisions to protect both parties' interests while ensuring the transaction meets all legal requirements for property transfer in Malaysia. It's particularly suitable for residential property transactions where the terms are relatively standard and uncomplicated.
