Commercial Lease Option To Buy Template for Malaysia

1. Insurance: Detailed insurance requirements beyond standard coverage, used when specific risks need addressing

2. Assignment and Subletting: Rights and restrictions regarding transfer of lease or option rights, included when these rights are to be granted

3. Alterations and Improvements: Rules for modifications to the property, included when significant changes are anticipated

4. Environmental Matters: Environmental compliance requirements, included for industrial or potentially hazardous uses

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID

6. Break Clause: Early termination rights, included when flexibility is needed

7. GST/Tax Provisions: Detailed tax treatment, included when complex tax implications exist

1. Property Description: Detailed description of the property including land title details, floor plans, and boundaries

2. Rent Schedule: Detailed breakdown of rent payments, increases, and review dates

3. Condition Report: Initial condition of the property with photographs and descriptions

4. Permitted Use: Detailed description of allowed commercial activities

5. Option Terms: Detailed mechanism for price calculation and purchase completion process

6. Building Rules: If part of a larger complex, the building rules and regulations

7. Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties