Cancellation Of Lease Agreement By Tenant

Cancellation Of Lease Agreement By Tenant Template for Malaysia

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Key Requirements PROMPT example:

"I need a Cancellation of Lease Agreement by Tenant for my residential apartment in Kuala Lumpur, as I'm relocating overseas for work and need to terminate my 2-year lease early, with the termination date set for March 15, 2025."

Document background

The Cancellation Of Lease Agreement By Tenant is a crucial document used in Malaysian property law when a tenant wishes to formally terminate their lease agreement before its natural expiration or at the end of the term. This document is essential for both residential and commercial properties in Malaysia, governed primarily by the National Land Code 1965 and Contracts Act 1950. It serves to protect both parties' interests by clearly documenting the termination terms, including notice periods, property handover conditions, security deposit arrangements, and settlement of any outstanding obligations. The agreement should be used whenever a tenant initiates lease termination, whether early or at term end, and requires careful consideration of Malaysian legal requirements regarding property rental terminations, notice periods, and tenant-landlord obligations.

Suggested Sections

1. Parties: Identification of the Tenant and Landlord with full legal names and addresses

2. Background: Reference to the original lease agreement including its date, property details, and current term

3. Definitions: Key terms used in the agreement including 'Termination Date', 'Original Lease', 'Property', etc.

4. Notice of Termination: Formal declaration of the tenant's intention to terminate the lease and specified termination date

5. Confirmation of Termination: Mutual acknowledgment of the lease termination and its effective date

6. Outstanding Obligations: Details of any remaining rent, utilities, or other payments due up to the termination date

7. Return of Security Deposit: Terms for the inspection of the property and return of the security deposit

8. Handover Requirements: Conditions for returning the property, including cleaning and repair obligations

9. Release and Discharge: Mutual release from future obligations under the original lease

10. Governing Law: Confirmation that the agreement is governed by Malaysian law

11. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Surviving Obligations: Used when certain obligations from the original lease need to survive termination

2. Early Termination Fee: Include when the cancellation occurs before the natural end of the lease term and penalties apply

3. Forwarding Address: Include when the tenant needs to provide a forwarding address for future correspondence or deposit return

4. Keys and Access Devices: Include when there are specific requirements for returning keys, access cards, or other property access devices

5. Utilities Transfer: Include when there are specific requirements for transferring or terminating utility services

6. Existing Damages: Include when there's a need to document pre-existing property conditions or damages

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including address and any included fixtures/fittings

2. Schedule 2 - Payment Settlement: Breakdown of all outstanding payments, deposits, and deductions

3. Schedule 3 - Property Condition Report: Current condition of the property and any agreed damage or wear and tear

4. Appendix A - Original Lease Agreement: Copy of the original lease agreement being terminated

5. Appendix B - Handover Checklist: Detailed checklist for property handover requirements and conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Real Estate

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Residential Property

Commercial Property

Retail

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Industrial

Hospitality

Education

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Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Operations

Asset Management

Tenant Relations

Compliance

Administration

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Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Tenant Relations Manager

Leasing Manager

Property Administrator

Real Estate Agent

Corporate Real Estate Manager

Operations Manager

Housing Officer

Tenant Coordinator

Legal Administrator

Compliance Officer

Asset Manager

Find the exact document you need

Lease Cancellation

A Malaysian law-compliant agreement for the mutual termination of a lease between landlord and tenant, establishing terms for lease ending and property handover.

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Authors

Alex Denne

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