This document template is specifically designed for Ending A Fixed Term Tenancy Agreement Early in Malaysia, providing a structured approach to early lease termination by mutual consent. It is essential when both landlord and tenant agree to terminate a fixed-term tenancy before its scheduled end date, ensuring compliance with Malaysian property law and contractual requirements. The document incorporates key provisions from the National Land Code 1965 and Contracts Act 1950, addressing critical aspects such as notice periods, property handover procedures, security deposit returns, and mutual release of obligations. It's particularly valuable in situations requiring documented agreement for early termination, protecting both parties' interests while ensuring a smooth transition of property possession.
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1. Parties: Identification of the landlord and tenant, including full names, identification numbers, and addresses
2. Background: Details of the original tenancy agreement including its date, property address, and original term
3. Definitions: Definitions of key terms used in the agreement
4. Early Termination Agreement: Clear statement of mutual agreement to terminate the tenancy early and the effective termination date
5. Handover Obligations: Tenant's obligations regarding the condition of the property and the handover process
6. Financial Settlement: Details of security deposit return, any pro-rated rent refunds, and settlement of outstanding utilities
7. Release and Discharge: Mutual release from obligations under the original tenancy agreement
8. Governing Law: Confirmation that the agreement is governed by Malaysian law
1. Compensation Payment: Required when there is an agreed compensation amount for early termination
2. Outstanding Repairs: Needed when there are specific repair obligations to be completed before termination
3. Key Return Protocol: Useful for properties with security systems or multiple sets of keys
4. Forwarding Address: Include when parties need to specify future contact details
5. Utility Transfer: Required when there are specific arrangements for transferring or terminating utility accounts
1. Schedule 1 - Property Inspection Report: Detailed checklist of property condition at termination
2. Schedule 2 - Financial Statement: Breakdown of all financial settlements including deposit return calculations
3. Schedule 3 - Handover Inventory: List of items to be returned or checked during property handover
4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement for reference
5. Appendix B - Photographic Evidence: Photos documenting the property condition at termination
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Professional Services
Legal Services
Property Development
Asset Management
Relevant Teams
Legal
Real Estate Operations
Property Management
Facilities Management
Contract Administration
Asset Management
Tenant Relations
Property Operations
Lease Administration
Relevant Roles
Property Manager
Real Estate Manager
Leasing Administrator
Legal Counsel
Tenancy Coordinator
Asset Manager
Facilities Manager
Property Administrator
Real Estate Agent
Lease Manager
Contract Administrator
Housing Officer
Property Operations Manager
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