As a tenant or a landlord in Malaysia, it is essential to have a well-detailed and clear tenancy agreement in place. This is where the sample tenancy agreement comes in handy. A tenancy agreement is a legally binding document that outlines the terms and conditions of the rental agreement between the landlord and tenant.
In this article, we take a closer look at the sample tenancy agreement for landlords and tenants in Malaysia.
The tenancy agreement starts with an introduction stating the date it is being signed, the landlord’s name and address, and the tenant’s name and address. It is important to ensure that the names and addresses are correct and that there are no typographical errors.
Duration of the tenancy
The next section of the agreement outlines the duration of the tenancy, including the start and end date. This section is important as it sets expectations for both sides and ensures that there are no misunderstandings.
Rent and deposits
The agreement should clearly outline the amount of rent to be paid and the date it is due. It should also outline any deposits required, including the security deposit and utility deposit. The security deposit is paid to protect the landlord in case of any damage or unpaid rent, while the utility deposit is used to cover any unpaid bills.
Property maintenance and repairs
The agreement should clearly state who is responsible for maintaining and repairing the property. Generally, the landlord is responsible for major repairs, while minor repairs and maintenance are the tenant`s responsibility.
Termination of tenancy
This section outlines the conditions under which the tenancy can be terminated. It may include clauses such as the landlord giving notice of their intention to terminate the agreement or the tenant giving notice of their intention to vacate the property.
If the landlord does not allow pets, this should be outlined in the tenancy agreement. If pets are allowed, the terms and conditions should be clearly stated, including any additional deposits required.
A well-drafted tenancy agreement is essential for both the landlord and tenant. It provides clarity on expectations and helps avoid disputes. The sample tenancy agreement for landlords and tenants in Malaysia provides a framework for creating a clear and concise agreement, ensuring both parties` peace of mind.