Document background
The Pre-Tenancy Agreement is a crucial document used in Malaysian property transactions to bridge the gap between initial property viewing and the execution of a formal tenancy agreement. It serves multiple purposes: securing the property for the prospective tenant through a booking fee, establishing key terms for the future tenancy, and protecting both parties' interests during the preliminary phase. This document is particularly important in Malaysia's dynamic property market, where due diligence and formal arrangements are essential before committing to a full tenancy. The agreement typically includes property details, payment terms, conditions precedent, and the framework for transitioning to the main tenancy agreement, all while complying with Malaysian property and contract law requirements.
