Asset Lease Agreement Template for Malaysia

1. Option to Purchase: Include when the lessee has an option to purchase the asset during or at the end of the lease term

2. Subletting and Assignment: Include when subletting or assignment rights are to be granted or specifically prohibited

3. Force Majeure: Include for longer-term leases or when specific events might affect the asset's use

4. Environmental Compliance: Include for assets that may have environmental impacts or requirements

5. Modifications and Improvements: Include when the lessee may need to make changes to the asset

6. Intellectual Property Rights: Include when the asset involves or incorporates intellectual property

7. Import/Export Compliance: Include for assets that may cross international borders

8. Data Protection: Include when the asset's use involves personal data processing

1. Schedule 1 - Asset Description: Detailed technical specifications and description of the leased asset

2. Schedule 2 - Rental Payment Schedule: Detailed breakdown of rental payments, including dates and amounts

3. Schedule 3 - Condition Report: Initial condition report of the asset at the time of delivery

4. Schedule 4 - Maintenance Schedule: Required maintenance procedures and schedules

5. Schedule 5 - Insurance Requirements: Detailed insurance requirements and minimum coverage

6. Schedule 6 - Return Conditions: Specific conditions the asset must meet upon return

7. Schedule 7 - Permitted Users: List of authorized users or operators of the asset, if applicable

8. Appendix A - Required Certifications: Copies of necessary certifications or licenses