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Cancellation Of Tenancy Agreement

Cancellation Of Tenancy Agreement Template for Malaysia

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Key Requirements PROMPT example:

Cancellation Of Tenancy Agreement

"I need a Cancellation of Tenancy Agreement for my residential property in Kuala Lumpur, where both my tenant and I have mutually agreed to terminate the lease on March 1, 2025, with the security deposit to be returned after final utility bills are settled."

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Document background
The Cancellation Of Tenancy Agreement is a crucial legal document used in Malaysia when both landlord and tenant mutually agree to terminate their existing tenancy arrangement before the original end date. This document is essential when circumstances require early termination of a lease, such as relocation, property sale, or other mutually agreed situations. It provides legal protection for all parties by clearly documenting the termination terms, including the handover date, security deposit settlement, and resolution of any outstanding obligations. The agreement must comply with Malaysian property law, particularly the National Land Code 1965 and Contracts Act 1950, and can be used for both residential and commercial properties. It serves as formal evidence of the agreed termination and helps prevent future disputes by clearly documenting the terms of separation.
Suggested Sections

1. Parties: Details of the Landlord and Tenant, including full names, identification numbers, and addresses

2. Background: Reference to the original tenancy agreement, including its date and essential terms

3. Definitions: Definitions of key terms used in the agreement

4. Effective Date of Termination: Specific date when the tenancy will be terminated and the premises vacated

5. Mutual Agreement to Terminate: Declaration that both parties agree to terminate the tenancy agreement

6. Return of Security Deposit: Terms and conditions for the return of the security deposit, including deductions if any

7. Settlement of Outstanding Payments: Agreement on settlement of any outstanding rent, utilities, or other charges

8. Handover of Premises: Requirements for the condition of the property upon handover and key return

9. Release of Obligations: Mutual release from future obligations under the original tenancy agreement

10. Governing Law: Confirmation that the agreement is governed by Malaysian law

Optional Sections

1. Inspection and Repairs: Details of property inspection and required repairs, used when there are specific condition issues to address

2. Pro-rata Rent Adjustment: Calculation and terms for rent adjustment if termination occurs mid-month

3. Forwarding Address: New contact details for the tenant, included when required for future correspondence or deposit return

4. Third Party Rights: Clause addressing rights of third parties, included when there are guarantors or other involved parties

5. Dispute Resolution: Specific procedures for resolving any disputes, included in more complex situations

Suggested Schedules

1. Schedule 1 - Original Tenancy Agreement: Copy or key details of the original tenancy agreement being cancelled

2. Schedule 2 - Property Inventory: Current inventory and condition report of the premises

3. Schedule 3 - Outstanding Payments Schedule: Detailed list of any outstanding payments or adjustments

4. Schedule 4 - Handover Checklist: Checklist for property handover including utilities, keys, and cleaning requirements

5. Appendix A - Photographic Evidence: Photos documenting the current condition of the property (if required)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial

Education

Healthcare

Relevant Teams

Legal

Real Estate

Facilities Management

Property Management

Operations

Asset Management

Contract Administration

Tenant Relations

Corporate Services

Administrative Services

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Facilities Manager

Legal Counsel

Property Administrator

Asset Manager

Operations Manager

Housing Officer

Tenant Relations Manager

Contract Administrator

Corporate Real Estate Manager

Property Services Coordinator

Industries
National Land Code 1965: The primary legislation governing property matters in Malaysia, including provisions for tenancies and leases of land and buildings.
Contracts Act 1950: Governs the formation and enforcement of contracts in Malaysia, including provisions for termination and cancellation of agreements.
Civil Law Act 1956: Provides the basic framework for civil matters and includes provisions relevant to property and contractual relationships.
Distress Act 1951: Relevant for urban properties, dealing with rent recovery and dispute resolution between landlords and tenants.
Specific Relief Act 1950: Applicable in Peninsular Malaysia, providing remedies and enforcement mechanisms for contractual rights and obligations.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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