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Change Of Tenant Lease Addendum

Change Of Tenant Lease Addendum Template for Malaysia

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Key Requirements PROMPT example:

Change Of Tenant Lease Addendum

"I need a Change of Tenant Lease Addendum for my residential property in Kuala Lumpur, where the current tenant is moving out on March 1, 2025, and the new tenant will take over the remaining 8 months of the lease with the same terms and rental amount."

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Document background
The Change of Tenant Lease Addendum is essential in Malaysian property leasing arrangements when an existing tenant needs to be replaced by a new tenant without terminating the original lease agreement. This document is commonly used in situations where a tenant needs to exit a lease early and has found a replacement tenant, or when a business transfer necessitates a change in tenancy. The addendum ensures compliance with Malaysian property law, including the National Land Code 1965 and relevant tenancy regulations. It typically includes detailed provisions for the transfer of rights and obligations, security deposit arrangements, and necessary consents from all parties. The document serves as a crucial legal instrument for property managers, landlords, and tenants in both commercial and residential settings, providing clear documentation of the change while preserving the original lease terms.
Suggested Sections

1. Parties: Identifies all parties involved: the landlord, original tenant (outgoing), and new tenant (incoming)

2. Background: Provides context about the original lease agreement and the circumstances leading to the change of tenant

3. Definitions: Defines key terms used in the addendum, including references to the original lease agreement

4. Effective Date: Specifies when the change of tenant becomes effective

5. Assignment and Assumption: Details the transfer of rights and obligations from original tenant to new tenant

6. Original Lease Terms: Confirms that all other terms and conditions of the original lease remain in effect

7. Security Deposit Arrangements: Specifies the handling and transfer of security deposits between parties

8. Representations and Warranties: Standard declarations by all parties regarding their authority and capacity to enter into the agreement

9. Governing Law: Confirms Malaysian law as the governing law of the addendum

10. Execution: Signature blocks for all parties and witnessing requirements

Optional Sections

1. Outstanding Obligations: Used when there are existing financial obligations or repairs that need to be addressed between the original and new tenant

2. Conditions Precedent: Include when specific conditions must be met before the change becomes effective

3. Landlord's Additional Requirements: Used when the landlord imposes additional conditions on the new tenant

4. Broker/Agent Provisions: Include when a property agent is involved in facilitating the change

5. Guarantor Provisions: Required when the new tenant needs to provide a guarantor

6. Renovation/Restoration: Include when there are specific arrangements regarding property modifications

Suggested Schedules

1. Original Lease Agreement: Copy of the original lease agreement being modified

2. Property Inventory: Updated list of furniture, fixtures, and fittings if applicable

3. Condition Report: Documentation of property condition at the time of tenant change

4. Security Deposit Statement: Detailed accounting of security deposit transfer and any deductions

5. Identification Documents: Copies of identification documents for all parties

6. Landlord's Consent: Written consent from landlord approving the change of tenant

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
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Relevant Industries

Real Estate

Residential Property

Commercial Property

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Operations

Facilities

Compliance

Administrative Services

Asset Management

Contract Management

Tenant Relations

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Tenant Relations Manager

Facilities Manager

Asset Manager

Property Administrator

Compliance Officer

Contract Administrator

Real Estate Director

Operations 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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