The Simple Home Sale Contract is a fundamental legal instrument used in Malaysian property transactions for the transfer of residential real estate from seller to buyer. This document is essential when conducting property sales in Malaysia, whether for private residences, apartments, or landed properties. It must comply with various Malaysian legislations, including the National Land Code 1965, Contracts Act 1950, and Stamp Act 1949. The contract typically includes crucial details such as property specifications, payment terms, completion timeline, and obligations of both parties. It's designed to be comprehensive yet straightforward, suitable for standard residential property transactions while ensuring all legal requirements are met. The document can be adapted for various property types while maintaining its core structure and legal compliance.

1. Parties: Identification and details of the seller and purchaser, including full names, identification numbers, and addresses

2. Background: Brief context of the transaction and property ownership status

3. Definitions: Key terms used throughout the agreement

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

5. Property Details: Complete description of the property including title details, land area, and built-up area

6. Payment Terms: Purchase price, deposit amount, and payment schedule

7. Completion: Timeline and procedures for completing the sale

8. Seller's Warranties: Warranties regarding property ownership, encumbrances, and condition

9. Purchaser's Obligations: Key responsibilities of the purchaser including payment and documentation

10. Title and Transfer: Process and requirements for transferring property title

11. Costs and Expenses: Allocation of legal fees, stamp duty, and other transaction costs

12. Termination: Circumstances and procedures for contract termination

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