Termination Of Lease Agreement By Landlord

Termination Of Lease Agreement By Landlord Template for Malaysia

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Key Requirements PROMPT example:

"I need a Termination of Lease Agreement by Landlord for my commercial property in Kuala Lumpur, as I'm planning to redevelop the building and need all tenants to vacate by March 1, 2025; the agreement should include specific provisions about early termination compensation and property clearance requirements."

Document background

The Termination Of Lease Agreement By Landlord is a crucial legal document used in the Malaysian property market when a landlord needs to formally end a lease arrangement. This document is typically employed when there are breaches of lease terms, property sale requirements, or other valid grounds for termination under Malaysian law. It must comply with the National Land Code 1965, relevant state enactments, and the original lease agreement's provisions. The document includes essential details such as property information, termination grounds, notice periods, and settlement terms. It's particularly important in protecting landlords' rights while ensuring proper legal procedure is followed under Malaysian jurisdiction. The agreement can be used for various property types, including residential, commercial, and industrial premises.

Suggested Sections

1. Parties: Identifies the landlord and tenant with their full legal names, identification numbers, and addresses

2. Background: References the original lease agreement, its date, property details, and current rental terms

3. Definitions: Defines key terms used in the agreement including 'Premises', 'Original Lease', 'Termination Date', and other relevant terms

4. Notice of Termination: Formal declaration of the landlord's intention to terminate the lease and the effective termination date

5. Grounds for Termination: States the specific reasons for termination, referencing relevant clauses from the original lease or applicable laws

6. Termination Process: Outlines the steps and timeline for the termination process

7. Vacant Possession: Requirements for returning the property in acceptable condition and returning keys

8. Final Settlement: Details regarding security deposit, outstanding rent, utilities, and other financial matters

9. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Breach Details: Required when termination is due to tenant's breach, detailing specific violations and evidence

2. Reinstatement Requirements: Used when specific property restoration or renovation requirements need to be detailed

3. Outstanding Payments: Include when there are specific unpaid rent, utilities, or other charges to be addressed

4. Legal Action: Include when the landlord reserves the right to take legal action for breaches or outstanding payments

5. Personal Property: Include when addressing abandoned personal property and disposal procedures

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including address, boundaries, and included fixtures/fittings

2. Schedule 2 - Original Lease Agreement: Copy of the original lease agreement being terminated

3. Schedule 3 - Photographic Evidence: Current photographs of property condition (if relevant to termination grounds)

4. Schedule 4 - Payment Records: Summary of rental payment history and any outstanding amounts

5. Appendix A - Property Inspection Report: Current condition report of the property

6. Appendix B - Correspondence History: Copies of relevant notices, warnings, or communications leading to termination

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

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Real Estate Manager

Facility Manager

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Property Administrator

Asset Manager

Leasing Manager

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Compliance Officer

Real Estate Agent

Property Portfolio Manager

Building Manager

Operations Manager

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Let's create your Termination Of Lease Agreement By Landlord

Authors

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