The Property License Agreement is a crucial legal instrument in Malaysian property transactions, used when a property owner (licensor) wishes to grant temporary usage rights to another party (licensee) without transferring ownership or creating a leasehold interest. This document is particularly relevant in situations requiring flexible property arrangements, such as temporary commercial spaces, pop-up stores, or shared facilities. The agreement must comply with Malaysian property law, including the National Land Code 1965 and relevant state regulations. It typically includes detailed terms regarding property use, duration, fees, maintenance responsibilities, and termination conditions. This type of agreement offers more flexibility than a lease while still providing legal protection for both parties' interests.
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1. Parties: Identification of the Licensor and Licensee with full legal names and addresses
2. Background: Context of the agreement, brief description of the property, and purpose of the license
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Specific terms of the license grant, including scope, purpose, and any restrictions
5. License Period: Duration of the license, including commencement date and end date
6. License Fee: Amount, payment terms, and schedule of the license fee
7. Use of Property: Permitted uses, restrictions, and conditions for property usage
8. Licensee's Obligations: Specific responsibilities and obligations of the Licensee
9. Licensor's Obligations: Specific responsibilities and obligations of the Licensor
10. Insurance and Liability: Insurance requirements and allocation of liability between parties
11. Maintenance and Repairs: Responsibilities for property maintenance and repairs
12. Termination: Circumstances and procedures for termination of the license
13. General Provisions: Standard clauses including notices, governing law, and dispute resolution
1. Utilities and Services: Include when the license includes responsibility for utilities and services
2. Alterations and Improvements: Include when the Licensee is permitted to make changes to the property
3. Security Deposit: Include when a security deposit is required
4. Assignment and Sublicensing: Include when there's a need to address transfer rights
5. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
6. Environmental Matters: Include for properties where environmental compliance is significant
7. Access Rights: Include when specific provisions about access to the property are needed
8. Intellectual Property: Include when the licensed property includes or involves IP rights
1. Schedule 1 - Property Description: Detailed description of the licensed property including address, boundaries, and relevant title details
2. Schedule 2 - License Fee Schedule: Detailed breakdown of license fees, payment dates, and calculation methods
3. Schedule 3 - Permitted Use: Detailed description of allowed activities and usage restrictions
4. Schedule 4 - Property Condition Report: Documentation of property condition at commencement of license
5. Schedule 5 - Insurance Requirements: Detailed insurance requirements including types and coverage amounts
6. Appendix A - Property Plans: Floor plans, site maps, or other relevant property drawings
7. Appendix B - Special Conditions: Any special terms or conditions specific to this license
8. Appendix C - Building Rules: If applicable, rules and regulations for property use
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Residential Property
Retail
Industrial
Hospitality
Education
Healthcare
Office Space
Coworking Space
Entertainment Venues
Storage Facilities
Relevant Teams
Legal
Property Management
Facilities Management
Operations
Commercial
Compliance
Real Estate
Asset Management
Business Development
Administrative Services
Risk Management
Relevant Roles
Property Manager
Real Estate Manager
Legal Counsel
Facilities Manager
Operations Director
Commercial Director
Contract Administrator
Asset Manager
Property Administrator
Compliance Officer
Real Estate Development Manager
Business Development Manager
Space Planning Manager
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