When searching for a new place to live in Malaysia, it’s crucial to find a good property that meets your needs. A tenancy agreement is a legal contract between a landlord and tenant that outlines the terms and conditions of renting a property. It’s important to have a clear understanding of the agreement before signing it.
If you’re in the process of renewing your tenancy agreement in Malaysia, it’s important to make sure you have all the necessary information to ensure a smooth transition. To help you out, we’ve put together a sample renewal tenancy agreement that you can use as a guide.
Before we dive into the sample agreement, let’s go over a few important points to keep in mind when renewing your tenancy agreement:
1. Give yourself plenty of time: It’s important to start the renewal process early to ensure that everything is in order before the current agreement expires.
2. Review the terms of the existing agreement: Take time to review the terms of the current tenancy agreement to ensure that everything is clear and that there are no misunderstandings.
3. Negotiate any changes: If you have any concerns about the current agreement, take the time to discuss them with your landlord to see if any changes can be made.
With these points in mind, let’s take a look at our sample renewal tenancy agreement for Malaysia:
[Insert Date]
RENEWAL OF TENANCY AGREEMENT
This agreement is made between [Insert Landlord Name] (“Landlord”) and [Insert Tenant Name] (“Tenant”) for the rental of [Insert Property Address] (“Property”) for a period of [Insert Number of Months or Years] beginning on [Insert Start Date] and ending on [Insert End Date].
TERMS AND CONDITIONS
1. RENT: Tenant agrees to pay Landlord a rental fee of [Insert Monthly Rental Amount] per month, payable on the [Insert Date of Payment] of each month.
2. SECURITY DEPOSIT: Tenant has paid the Landlord a security deposit of [Insert Security Deposit Amount] which shall be refunded to Tenant upon the satisfactory termination of the tenancy.
3. UTILITIES: Tenant shall pay for all utilities consumed by Tenant during the tenancy period, including but not limited to water, electricity, gas, cable TV, internet and telephone.
4. USE OF PROPERTY: Tenant agrees to use the Property solely for residential purposes and shall not use the Property for any unlawful activities.
5. MAINTENANCE RESPONSIBILITIES: Tenant shall keep the Property and all fixtures and fittings in good repair and shall be responsible for any damage caused by Tenant or Tenant’s guests.
6. PETS: Tenant shall not keep any pets on the Property without the prior written consent of the Landlord.
7. SUBLETTING: Tenant shall not sublet any part of the Property without the prior written consent of the Landlord.
8. TERMINATION: Either party may terminate the tenancy by giving [Insert Notice Period] written notice to the other party.
9. GOVERNING LAW: This agreement shall be governed by and construed in accordance with the laws of Malaysia.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.
______________________________ ______________________________
[Insert Landlord Name] [Insert Tenant Name]
This sample renewal tenancy agreement provides a basic template that can be adapted to meet your specific needs. However, it’s important to remember that every agreement is unique. It’s always a good idea to consult with a legal professional to ensure that your agreement is compliant with local laws and regulations.
In conclusion, renewing your tenancy agreement in Malaysia can seem daunting at first, but with careful planning and attention to detail, it can be a straightforward process. Use this sample agreement as a guide to ensure that you have all your bases covered.