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Non Exclusive Lease Agreement Template for Malaysia

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Key Requirements PROMPT example:

Non Exclusive Lease Agreement

"I need a Non-Exclusive Lease Agreement for a shared office space in Kuala Lumpur, where multiple tenants will occupy different sections of the same floor, with the lease starting January 2025 and including provisions for shared meeting rooms and kitchen facilities."

Document background
The Non-Exclusive Lease Agreement is essential in Malaysian property transactions where landlords wish to retain the right to lease different portions of their property to multiple tenants. This document is particularly relevant in commercial settings, shared office spaces, retail complexes, and industrial parks throughout Malaysia. It must comply with local property laws, including the National Land Code 1965 and related regulations. The agreement typically includes detailed provisions for shared facilities, maintenance responsibilities, and clear demarcation of leased areas. It's commonly used when businesses require flexible space arrangements or when property owners want to maximize property utilization while maintaining clear legal boundaries between different tenancies. The non-exclusive nature of the lease must be explicitly stated to avoid any future disputes regarding exclusive possession rights.
Suggested Sections

1. Parties: Identification and details of the Landlord and Tenant, including registration/ID numbers and addresses

2. Background: Brief context of the agreement and property ownership status

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Specific details of the property being leased and confirmation of non-exclusive nature

5. Term and Renewal: Duration of lease, commencement date, and renewal terms

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, payment terms, and conditions for return of security deposit

8. Utilities and Outgoings: Responsibility for utility payments and other ongoing charges

9. Use of Premises: Permitted use of the property and any restrictions

10. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance

11. Insurance: Insurance requirements for both parties

12. Landlord's Covenants: Obligations and promises of the landlord

13. Tenant's Covenants: Obligations and promises of the tenant

14. Termination: Grounds and process for early termination

15. Assignment and Subletting: Restrictions on assignment and subletting rights

16. Notices: Process for serving notices between parties

17. Governing Law: Confirmation of Malaysian law as governing law

18. Execution: Signature blocks and execution requirements

Optional Sections

1. Common Areas: Rules and access rights for shared facilities, used when property is part of a larger complex

2. Renovation and Alterations: Terms for making changes to the property, included when renovations are anticipated

3. Option to Purchase: Terms for tenant's right to purchase property, included when agreed between parties

4. Break Clause: Conditions allowing early termination, included when specifically negotiated

5. Service Charge: Details of service charges for maintained properties, used for managed buildings

6. Green Lease Provisions: Environmental and sustainability requirements, included for green buildings or when specifically required

7. Quiet Enjoyment: Extended provisions for peaceful possession, included for longer-term leases

8. Force Majeure: Provisions for unforeseen circumstances, important during uncertain times

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including floor plans and boundaries

2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the lease

3. Schedule 3 - House Rules: Building or complex rules and regulations

4. Schedule 4 - Service Standards: Maintenance and service standards if applicable

5. Schedule 5 - Rental Payment Schedule: Detailed breakdown of rental payments and escalation

6. Schedule 6 - Handover Form: Property condition report at commencement of lease

7. Appendix A - Special Conditions: Any additional terms specific to this lease

8. Appendix B - Utilities Reading: Initial utility meter readings at handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























Clauses




























Relevant Industries

Real Estate

Commercial Property

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Technology

Manufacturing

Logistics

Warehousing

Professional Services

Relevant Teams

Legal

Operations

Facilities Management

Finance

Real Estate

Procurement

Risk & Compliance

Administration

Property Management

Business Development

Relevant Roles

Property Manager

Facilities Manager

Real Estate Manager

Legal Counsel

Contract Manager

Operations Director

Chief Financial Officer

Business Development Manager

Office Manager

Procurement Manager

Real Estate Agent

Leasing Executive

Company Secretary

Risk Manager

Compliance Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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