The License Rental Agreement serves as a crucial legal instrument in Malaysian commercial property transactions where both property occupation and operational licensing are required. This document type is particularly relevant when a business needs to both rent a physical space and obtain permission for specific commercial activities within that space. It addresses the requirements of the Malaysian legal framework, including compliance with the Contracts Act 1950, National Land Code 1965, and relevant local authority regulations. The agreement typically includes detailed terms about property use, rental payments, maintenance obligations, and operational restrictions, while also incorporating specific licensing provisions that govern the permitted commercial activities. This type of agreement is commonly used in retail, food and beverage, and other commercial sectors where specific operational licenses are required alongside property rental.
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1. Parties: Identification of the licensor/landlord and licensee/tenant, including full legal names, registration numbers for companies, and addresses
2. Background: Context of the agreement, including brief description of the property and purpose of the license rental arrangement
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'License Period', 'Permitted Use', etc.
4. Grant of License: Specific terms of the license grant, including scope and limitations of use
5. Term and Renewal: Duration of the agreement, commencement date, expiry date, and any renewal provisions
6. License Fee and Rental Payment: Payment terms, including amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Details of security deposit amount, terms of holding, and conditions for refund
8. Permitted Use: Specific details of how the property may be used under the license
9. Maintenance and Repairs: Responsibilities of each party regarding property maintenance and repairs
10. Utilities and Outgoings: Responsibility for utility payments and other operating costs
11. Insurance: Insurance requirements for both parties
12. Termination: Grounds for termination, notice requirements, and consequences of termination
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
14. Notices: Process and requirements for formal communications between parties
1. Alterations and Improvements: Include when licensee is permitted to make changes to the property
2. Assignment and Sublicensing: Include when there's a need to address potential transfer of rights
3. Environmental Matters: Include for properties where environmental compliance is significant
4. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
5. Intellectual Property: Include when the license involves use of trademarks or other IP
6. Health and Safety: Include for properties requiring specific health and safety compliance
7. Competition and Exclusivity: Include when there are restrictions on competing businesses
8. Break Clause: Include when early termination options are to be provided
1. Schedule 1 - Property Description: Detailed description of the property including floor plans and photographs
2. Schedule 2 - License Fee and Payment Schedule: Detailed breakdown of fees, payment dates, and escalation terms
3. Schedule 3 - Permitted Use Specifications: Detailed specifications of permitted activities and usage limitations
4. Schedule 4 - Maintenance Schedule: Detailed breakdown of maintenance responsibilities and schedules
5. Schedule 5 - Inventory List: List of any furniture, fixtures, or equipment included in the license
6. Appendix A - House Rules: Building or property rules and regulations
7. Appendix B - Required Licenses and Permits: List of necessary governmental or regulatory permits
Relevant legal definitions
Clauses
Relevant Industries
Retail
Food and Beverage
Commercial Office Space
Industrial
Healthcare
Education
Entertainment
Hospitality
Technology
Logistics
Manufacturing
Professional Services
Relevant Teams
Legal
Operations
Facilities Management
Finance
Compliance
Real Estate
Risk Management
Commercial
Property Management
Business Development
Administration
Relevant Roles
Legal Counsel
Property Manager
Facilities Manager
Operations Director
Commercial Director
Chief Financial Officer
Real Estate Manager
Compliance Officer
Business Development Manager
Asset Manager
Lease Administrator
Risk Manager
Property Development Manager
Regional Manager
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