The Intent To Sell Notice is a crucial document in Malaysian property transactions, used when a property owner needs to formally communicate their intention to sell a property to specific parties. This document is particularly important in situations involving rights of first refusal, tenant notifications, or corporate property disposals. It must comply with Malaysian property law, including the National Land Code 1965 and relevant state regulations. The notice typically includes essential details such as property description, proposed sale terms, and notice periods. It serves as a preliminary step in the property sale process and can help prevent future disputes by providing clear documentation of the seller's intentions and compliance with legal notification requirements.
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Key Requirements PROMPT example:
Intent To Sell Notice
"I need an Intent to Sell Notice for my residential property in Kuala Lumpur, to be sent to my current tenant who has a right of first refusal, with plans to sell the property by March 2025."
1. Sender's Details: Full name and address of the property owner/seller
2. Date: Date of the notice
3. Recipient's Details: Full name and address of the notice recipient
4. Subject Line: Clear indication that this is an Intent to Sell Notice
5. Property Details: Complete legal description of the property including lot number, title details, and address
6. Declaration of Intent: Clear statement of intention to sell the property
7. Proposed Sale Terms: Basic terms including proposed sale price and any key conditions
8. Notice Period: Specification of the notice period being given
9. Signature Block: Space for seller's signature and details
1. Right of First Refusal: Include when the recipient has a contractual or legal right of first refusal
2. Existing Tenancy Details: Include when the property is currently tenanted
3. Property Encumbrances: Include when there are existing charges, liens, or encumbrances on the property
4. Conditional Terms: Include when the sale is subject to specific conditions or requirements
5. Agent Details: Include when a real estate agent is involved in the sale
1. Property Description Schedule: Detailed legal description of the property including boundaries, fixtures, and fittings
2. Photographic Appendix: Recent photographs of the property (optional but recommended)
3. Title Documents: Copies of relevant title documents or extract
4. Valuation Report: If available, recent property valuation report to support the proposed sale price
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Real Estate
Property Development
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Agriculture (for agricultural land)
Mixed-Use Development
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Real Estate
Property Management
Asset Management
Facilities Management
Compliance
Administrative
Corporate Secretarial
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Risk Management
Relevant Roles
Property Manager
Real Estate Director
Legal Counsel
Corporate Secretary
Facilities Manager
Asset Manager
Property Administrator
Real Estate Agent
Compliance Officer
Contract Manager
Property Developer
Estate Agent
Land Administrator
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