Car Lease Agreement Between Employer And Employee Template for Malaysia

The Car Lease Agreement Between Employer And Employee is a vital document used when companies in Malaysia provide vehicles to their employees as part of their employment benefits package. This agreement is essential for organizations that need to formalize vehicle arrangements while ensuring compliance with Malaysian employment law, road transport regulations, and tax requirements. It details the terms of vehicle usage, maintenance responsibilities, insurance obligations, and cost allocations between parties. The document protects both employer and employee interests by clearly defining rights, responsibilities, and procedures for various scenarios including accident reporting, termination, and vehicle return. This agreement type is particularly important given Malaysia's specific requirements for company vehicle arrangements and benefit-in-kind taxation considerations. It should be reviewed by legal counsel to ensure compliance with current Malaysian regulations and corporate governance requirements.

1. Parties: Identification of the employer (lessor) and employee (lessee) with complete legal names and details

2. Background: Context of the agreement, including employment relationship and purpose of the car lease arrangement

3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Lease Period', 'Lease Payments', etc.

4. Vehicle Details: Specific description of the leased vehicle including make, model, year, registration number, and condition

5. Lease Term and Payments: Duration of the lease and any payment arrangements, including method of payment collection

6. Use of Vehicle: Permitted uses, restrictions, and geographical limitations on vehicle use

7. Maintenance and Repairs: Responsibilities for vehicle maintenance, servicing schedules, and repair procedures

8. Insurance and Liability: Insurance requirements, coverage details, and allocation of liability

9. Taxes and Costs: Responsibility for road tax, insurance premiums, and benefit-in-kind tax implications

10. Employee Obligations: Specific responsibilities of the employee including maintaining valid license, reporting accidents

11. Employer Obligations: Specific responsibilities of the employer including maintaining vehicle roadworthiness

12. Termination: Conditions for termination, including employment termination implications

13. Return of Vehicle: Process and conditions for vehicle return at lease end or termination

14. Governing Law: Specification of Malaysian law as governing law and jurisdiction