Residential Lease Rental Agreement And Deposit Receipt

Residential Lease Rental Agreement And Deposit Receipt Template for Malaysia

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Key Requirements PROMPT example:

"I need a standard Residential Lease Rental Agreement And Deposit Receipt for a 12-month lease starting March 1, 2025, for my condominium unit in Kuala Lumpur, with monthly rental of RM 3,000 and two months' security deposit."

Document background

The Residential Lease Rental Agreement And Deposit Receipt is a crucial legal document used in Malaysia when leasing residential properties. It serves as both a formal lease agreement and an acknowledgment of security deposit payment, providing legal protection for both landlords and tenants under Malaysian law. This document is essential for any residential property rental transaction in Malaysia, whether involving individual landlords or property management companies. It includes comprehensive terms covering rental payments, security deposits, maintenance obligations, utility responsibilities, and other key aspects of the landlord-tenant relationship. The agreement must comply with Malaysian legislation including the National Land Code 1965, Contracts Act 1950, and Specific Relief Act 1950, while also addressing practical aspects of property rental and management.

Suggested Sections

1. Parties: Identification and details of the landlord and tenant, including NRIC/Passport numbers and contact information

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

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

4. Demised Premises: Detailed description of the property being leased, including address and property type

5. Term and Possession: Duration of the lease, commencement date, and possession details

6. Rent and Security Deposit: Rental amount, payment terms, security deposit amount, and utility deposit requirements

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

8. Maintenance and Repairs: Responsibilities of landlord and tenant regarding property maintenance

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

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

11. Insurance: Requirements for property insurance and contents insurance

12. Utilities and Services: Responsibility for utility payments and service charges

13. Default and Remedies: Consequences of breach and available remedies

14. Termination: Conditions and procedures for early termination

15. Notices: Method and addresses for serving notices

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

17. Execution: Signature blocks and witnessing requirements

Optional Sections

1. Special Conditions: Additional terms specific to the property or circumstances

2. Renovation and Alterations: Terms regarding permitted modifications to the property

3. Quiet Enjoyment: Specific covenant for peaceful possession

4. Assignment and Subletting: Terms regarding transfer of lease or subletting

5. Option to Renew: Terms for lease renewal

6. Pet Clause: Terms regarding keeping pets on the premises

7. Force Majeure: Provisions for unforeseen circumstances

8. Environmental Matters: Specific environmental obligations or restrictions

9. Car Parking: Terms regarding parking facilities and rights

Suggested Schedules

1. Schedule 1 - Inventory List: Detailed list of furniture, fixtures, and fittings provided

2. Schedule 2 - Property Condition Report: Detailed description of property condition at commencement

3. Schedule 3 - House Rules: Specific rules and regulations for the property

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

5. Appendix A - Floor Plan: Layout plan of the property

6. Appendix B - Photographs: Photographic evidence of property condition

7. Appendix C - Utilities Reading: Initial meter readings for utilities

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Management

Residential Property

Legal Services

Property Investment

Housing Development

Facility Management

Property Insurance

Relevant Teams

Legal

Property Management

Real Estate

Facilities

Contract Administration

Tenant Relations

Investment

Compliance

Operations

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Housing Officer

Leasing Manager

Property Administrator

Facilities Manager

Residential Letting Agent

Contract Administrator

Property Investment Manager

Real Estate Consultant

Tenant Relations Manager

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