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Parking Lease Agreement for Malaysia

Parking Lease Agreement Template for Malaysia

A comprehensive legal agreement governed by Malaysian law that establishes the terms and conditions for leasing parking space(s) between a lessor and lessee. The document incorporates relevant provisions from Malaysian property and contract law, including compliance with the Contracts Act 1950 and local authority regulations. It details specific rights, obligations, and responsibilities of both parties, including rental terms, maintenance obligations, security arrangements, and operational guidelines for the parking facility, while ensuring adherence to local building and safety standards.

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What is a Parking Lease Agreement?

The Parking Lease Agreement is essential for formalizing arrangements between parking space owners and tenants in Malaysia, whether in commercial, residential, or mixed-use developments. This document becomes necessary when a property owner or management company wishes to lease out designated parking spaces on a long-term basis. It ensures compliance with Malaysian legislation, including the Contracts Act 1950, National Land Code 1965, and relevant local authority regulations. The agreement covers crucial aspects such as lease duration, payment terms, maintenance responsibilities, security measures, and specific conditions of use. It's particularly relevant in urban areas where parking space is premium and requires formal management and clear contractual obligations.

What sections should be included in a Parking Lease Agreement?

1. Parties: Identification of the lessor and lessee with full legal names and details

2. Background: Context of the agreement and brief description of the parking facility

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

4. Demised Premises: Specific description and identification of the parking space(s) being leased

5. Term and Renewal: Duration of the lease and any renewal options

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

7. Security Deposit: Amount, terms, and conditions for the security deposit

8. Use of Premises: Permitted use of the parking space and any restrictions

9. Operating Hours: Access times and operational hours for the parking facility

10. Maintenance and Repairs: Responsibilities for maintaining the parking space

11. Insurance and Liability: Insurance requirements and allocation of risks

12. Default and Termination: Events of default and termination procedures

13. Governing Law: Specification of Malaysian law as governing law

14. Notices: Method and addresses for official communications

15. Execution: Signature blocks and execution formalities

What sections are optional to include in a Parking Lease Agreement?

1. Security and Access Systems: Details of security systems and access cards when parking is in a secured facility

2. Common Areas: Rights and regulations regarding common areas when parking is part of a larger facility

3. Building Rules: Applicable when parking is within a commercial or residential building

4. Environmental Compliance: Required for facilities where environmental regulations apply

5. Subletting: Include if subletting of the parking space is to be permitted

6. Electric Vehicle Charging: Required if the parking space includes EV charging facilities

7. Strata Title Provisions: Necessary when parking is part of a strata-titled property

8. Force Majeure: Optional clause for circumstances preventing performance of obligations

What schedules should be included in a Parking Lease Agreement?

1. Schedule 1 - Plan of Parking Space: Detailed plan showing the exact location and dimensions of the parking space

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, including rental rates and any additional charges

3. Schedule 3 - Building Rules and Regulations: Comprehensive list of rules and regulations governing the use of the parking facility

4. Schedule 4 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities

5. Schedule 5 - Access Card Procedures: Procedures for issuing, using, and returning access cards or permits

6. Appendix A - Condition Report: Initial condition report of the parking space

7. Appendix B - Insurance Requirements: Detailed insurance requirements and minimum coverage limits

Authors

Alex Denne

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

Jurisdiction

Malaysia

Publisher

Ƶ

Document Type

Rental Agreement

Cost

Free to use
Relevant legal definitions

























Clauses






























Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Retail

Office Space

Shopping Centers

Hotels and Hospitality

Industrial and Warehousing

Mixed-use Development

Automotive Services

Transportation

Relevant Teams

Legal

Operations

Facilities Management

Property Management

Asset Management

Leasing

Administration

Contract Management

Building Services

Real Estate

Relevant Roles

Property Manager

Facilities Manager

Real Estate Manager

Building Manager

Operations Manager

Legal Counsel

Contract Administrator

Asset Manager

Leasing Manager

Property Administrator

Building Services Supervisor

Parking Operations Manager

Commercial Property Manager

Strata Manager

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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