Document background
The Sublease Deposit Agreement is essential in Malaysian property transactions where a tenant subleases property to another party. This document becomes necessary when the original tenant (sublessor) requires a security deposit from the subtenant, establishing clear terms for its handling. The agreement ensures compliance with Malaysian property laws and provides security for both parties by defining deposit amounts, maintenance requirements, permitted uses, and return conditions. It should be used whenever a sublease arrangement is created and a deposit is required, particularly in commercial or residential property situations where the original lease permits subleasing. The document typically works in conjunction with the main lease and sublease agreements, ensuring all parties' rights and obligations regarding the deposit are clearly defined and legally protected.
