The Home Lease Agreement serves as a legally binding document under Malaysian law for the rental of residential properties. It is essential for both private landlords and property management companies who wish to lease residential properties in Malaysia. This document incorporates all necessary elements required by Malaysian property law, including provisions from the National Land Code 1965, Contracts Act 1950, and other relevant legislation. The agreement typically covers crucial aspects such as rental terms, security deposits, maintenance obligations, and termination conditions, while ensuring compliance with local legal requirements for residential tenancies. It provides protection for both landlords and tenants by clearly defining their respective rights and responsibilities throughout the lease period.
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1. Parties: Identification of landlord and tenant with full names, identification numbers, and addresses
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Demised Premises: Detailed description of the property being leased, including address and property type
5. Term and Possession: Duration of lease, commencement date, and possession details
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Utilities and Charges: Responsibility for utility payments and other charges
9. Use of Premises: Permitted use of the property and restrictions
10. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance and repairs
11. Landlord's Covenants: Obligations and promises of the landlord
12. Tenant's Covenants: Obligations and promises of the tenant
13. Insurance: Insurance requirements for both parties
14. Termination: Conditions and procedures for termination of the lease
15. Notices: Method and addresses for serving notices
16. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Special Conditions for Furnished Property: Additional terms when property is leased with furnishings
2. Pet Clause: Terms and conditions if pets are allowed in the property
3. Subletting and Assignment: Terms regarding subletting rights, if permitted
4. Option to Renew: Terms for lease renewal if offered
5. Break Clause: Early termination provisions if agreed
6. Renovation and Alterations: Terms for making changes to the property if permitted
7. Special Access Rights: Additional access provisions for shared facilities or restricted areas
8. Force Majeure: Provisions for unforeseen circumstances affecting the tenancy
1. Schedule 1: Inventory List: Detailed inventory of furnishings and fixtures provided with the property
2. Schedule 2: Property Condition Report: Detailed description of property condition at commencement of lease
3. Schedule 3: House Rules: Specific rules and regulations for the property
4. Schedule 4: Maintenance Schedule: Schedule of regular maintenance tasks and responsibilities
5. Appendix A: Photos: Photographic evidence of property condition
6. Appendix B: Floor Plan: Layout and measurements of the property
7. Appendix C: Utility Reading Records: Initial utility meter readings at handover
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Legal Services
Property Investment
Housing Development
Property Rental
Facilities Management
Relevant Teams
Legal
Real Estate
Property Management
Facilities
Contract Administration
Compliance
Asset Management
Tenant Relations
Operations
Administrative Support
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Housing Officer
Leasing Manager
Property Administrator
Facilities Manager
Tenant Relations Manager
Contract Administrator
Real Estate Investment Manager
Property Consultant
Compliance Officer
Asset Manager
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