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Cancellation Of Rental Agreement

Cancellation Of Rental Agreement Template for Malaysia

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Key Requirements PROMPT example:

Cancellation Of Rental Agreement

"I need a Cancellation of Rental Agreement for my residential property in Kuala Lumpur, with a mutual termination date of March 15, 2025, including standard security deposit refund terms and a simple handover process."

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Document background
The Cancellation Of Rental Agreement is a crucial document used in Malaysian property law when both parties mutually agree to terminate an existing tenancy before its natural end date or at the conclusion of the rental period. This document is essential for properly documenting the termination process, protecting both landlord and tenant interests, and ensuring compliance with Malaysian legislation including the Contracts Act 1950, National Land Code 1965, and relevant property laws. It typically includes provisions for security deposit returns, property condition assessments, utility account settlements, and mutual release of future obligations. The agreement is particularly important in Malaysia's dynamic property market where both residential and commercial rental terminations need to be handled with clear documentation and legal certainty.
Suggested Sections

1. Parties: Identification of the Landlord and Tenant with their full names, identification numbers, and addresses

2. Background: References to the original Tenancy Agreement including its date, property address, and current rental terms

3. Definitions: Definitions of key terms used in the agreement including 'Termination Date', 'Security Deposit', and 'Original Agreement'

4. Mutual Agreement to Terminate: Clear statement of both parties' agreement to terminate the tenancy and the effective termination date

5. Security Deposit Settlement: Details of the security deposit refund process, amount to be returned, and timeline

6. Property Handover: Specifications for the property handover process including key return and inspection requirements

7. Release and Discharge: Mutual release of obligations and liabilities under the original agreement

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

9. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Outstanding Payments: Used when there are pending rental payments, utility bills, or other charges to be settled

2. Property Damage Resolution: Included when there are agreements regarding repair of damage or deductions from security deposit

3. Early Termination Fee: Required if there is a penalty for early termination as per the original agreement

4. Utilities Transfer: Used when there are specific arrangements for transferring or terminating utility accounts

5. Personal Property: Included when addressing removal of tenant's personal belongings or abandoned property

6. Forwarding Address: Used when specifying requirements for tenant to provide forwarding address for future correspondence

7. Confidentiality: Optional clause for maintaining confidentiality of the termination terms if required

Suggested Schedules

1. Schedule 1 - Property Condition Report: Detailed report of the property's condition at the time of termination

2. Schedule 2 - Settlement Calculation: Breakdown of security deposit refund calculation including any deductions

3. Schedule 3 - Inventory List: List of fixtures and fittings to be checked during handover

4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated

5. Appendix B - Handover Checklist: Checklist of items to be completed for successful property handover

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions




















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Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Office Space

Industrial

Education

Healthcare

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Operations

Tenant Relations

Asset Management

Compliance

Contract Administration

Customer Service

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Property Administrator

Facilities Manager

Asset Manager

Tenant Relations Officer

Property Operations Manager

Compliance Officer

Contract Administrator

Real Estate Portfolio Manager

Housing Officer

Building Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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