Document background
The Assignment Of Lease By Landlord is a crucial document in Malaysian property transactions where a landlord wishes to transfer their interest in a lease to another party while maintaining the existing tenant's occupancy. This document is commonly used in situations such as property sales, corporate restructuring, or portfolio management. It must comply with Malaysian law, particularly the National Land Code 1965 and the Contracts Act 1950, and typically requires registration with the relevant Land Office. The document covers essential elements including property details, existing lease terms, financial obligations, and the specific rights and duties being transferred. It's particularly important in commercial property transactions where maintaining lease continuity is crucial for both business operations and asset value.
