The Real Property License Agreement is essential for businesses and individuals seeking to utilize property in Malaysia without acquiring full leasehold or ownership rights. This document is commonly used for temporary or flexible property arrangements, such as pop-up stores, shared workspaces, or specific-use facilities. Operating under Malaysian jurisdiction, it provides a more flexible alternative to traditional leases while still offering legal protection to both parties. The agreement typically includes detailed terms about property usage, fees, duration, and compliance with local regulations, making it particularly valuable for short-term or specialized property use arrangements.
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1. Parties: Identification of the Licensor and Licensee with full legal names and registration details
2. Background: Context of the agreement, property ownership confirmation, and purpose of the license
3. Definitions: Key terms used throughout the agreement including Property, License Period, Permitted Use, etc.
4. Grant of License: Specific terms of the license grant, scope, and limitations
5. License Fee and Payment Terms: Details of license fees, payment schedule, and payment methods
6. Duration and Renewal: Term of the license and any renewal provisions
7. Licensee's Obligations: Specific responsibilities and restrictions on the Licensee's use of the property
8. Licensor's Obligations: Responsibilities of the Licensor including maintenance and access provisions
9. Insurance and Liability: Insurance requirements and allocation of risks between parties
10. Termination: Grounds for termination and consequences of termination
11. Governing Law and Dispute Resolution: Applicable Malaysian law and dispute resolution procedures
1. Utilities and Services: Used when the license includes provisions for utilities and additional services
2. Alterations and Improvements: Include when the Licensee is permitted to make changes to the property
3. Security Deposit: Required when a security deposit is part of the arrangement
4. Assignment and Sublicensing: Include if transfer or sublicensing rights are to be addressed
5. Force Majeure: Optional provisions for unforeseen circumstances affecting performance
6. Environmental Compliance: Required for properties with specific environmental considerations
7. Access and Security: Include for properties requiring specific access control measures
1. Schedule 1 - Property Description: Detailed description of the licensed property including address, boundaries, and relevant title details
2. Schedule 2 - Plan/Drawing of Licensed Area: Floor plans or site maps clearly identifying the licensed area
3. Schedule 3 - Permitted Use: Detailed description of allowed activities and use restrictions
4. Schedule 4 - License Fee Calculation: Breakdown of license fees, including any variable components
5. Schedule 5 - House Rules: Property-specific rules and regulations
6. Appendix A - Required Approvals: List of necessary governmental or regulatory approvals
7. Appendix B - Maintenance Schedule: Details of maintenance responsibilities and schedules
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Retail
Commercial Property
Industrial
Hospitality
Coworking Spaces
Education
Healthcare
Logistics
Manufacturing
Technology
Relevant Teams
Legal
Real Estate
Operations
Facilities
Finance
Risk & Compliance
Business Development
Property Management
Asset Management
Relevant Roles
Real Estate Manager
Property Manager
Legal Counsel
Facilities Manager
Operations Director
Commercial Director
Chief Financial Officer
Risk Manager
Compliance Officer
Business Development Manager
Asset Manager
Property Development Manager
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