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The Lifetime Lease Agreement is a specialized legal instrument used in Malaysian property transactions where a property owner (lessor) grants a tenant (lessee) the right to occupy a property for their lifetime. This document is particularly crucial in situations involving retirement planning, long-term care arrangements, or family property settlements. The agreement must comply with Malaysian property law, including the National Land Code 1965 and relevant state legislation. It typically includes detailed provisions for property maintenance, succession rights, termination conditions, and dispute resolution mechanisms. The document's lifetime nature requires careful consideration of both immediate and long-term implications, making it essential to address various contingencies and clearly define the rights and obligations of all parties involved.

1. Parties: Identification of the lessor and lessee, including full legal names, identification numbers, and addresses

2. Background: Context of the agreement, including property ownership status and intention to create a lifetime lease

3. Definitions: Definitions of key terms used throughout the agreement, including 'lifetime,' 'property,' and other relevant terms

4. Grant of Lease: Explicit grant of lifetime leasehold rights and specification of the property being leased

5. Duration and Nature of Lease: Clear statement that the lease is for the lifetime of the lessee and conditions for continuation or termination

6. Consideration: Details of any upfront payment, periodic payments, or other consideration for the lifetime lease

7. Rights and Obligations of the Lessor: Lessor's ongoing responsibilities and rights regarding the property

8. Rights and Obligations of the Lessee: Lessee's responsibilities including maintenance, permitted use, and restrictions

9. Property Maintenance and Repairs: Detailed obligations regarding property upkeep, major repairs, and improvements

10. Insurance and Property Taxes: Requirements for property insurance and responsibility for property-related taxes

11. Succession and Transfer Rights: Rules regarding transfer of lease rights and succession upon lessee's death

12. Termination: Circumstances under which the lifetime lease may be terminated

13. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

14. Notices: Process and requirements for formal communications between parties

15. General Provisions: Standard contractual provisions including severability, entire agreement, and amendments