Document background
The Formal Lease Termination Letter is a crucial legal document used in Malaysian property law to officially end a lease agreement. It serves as formal documentation of the intention to terminate a lease and must comply with Malaysian legal requirements, particularly the National Land Code 1965 and Contracts Act 1950. This document is typically used when either the landlord or tenant wishes to end the lease agreement according to the terms specified in the original lease or as required by law. The letter should include specific details about the property, termination date, notice period, and any conditions that must be met before the lease can be terminated. It also typically addresses matters such as security deposit return, outstanding payments, and property condition requirements. The document protects both parties' interests by clearly documenting the termination process and ensuring compliance with Malaysian legal requirements.
