Rental Property Partnership Agreement Template for Malaysia

1. New Partner Admission: Procedures for admitting new partners - include if partnership plans to expand

2. Buy-Sell Provisions: Terms for partners buying out others' interests - important for larger partnerships

3. Insurance Requirements: Specific insurance obligations - include if partners want mandatory insurance coverage

4. Property Acquisition: Procedures for acquiring new properties - include if partnership plans to expand portfolio

5. Financing Arrangements: Terms for obtaining and managing loans - include if external financing is anticipated

6. Property Development: Guidelines for property improvement projects - include if renovation/development is planned

7. Succession Planning: Procedures for handling partner death or incapacity - important for family partnerships

1. Schedule A - Property Details: List and details of all properties owned/managed by the partnership

2. Schedule B - Capital Contributions: Detailed breakdown of each partner's capital contributions

3. Schedule C - Profit Sharing Ratio: Specific calculations and methods for profit distribution

4. Schedule D - Management Responsibilities: Detailed allocation of management duties among partners

5. Schedule E - Financial Procedures: Detailed accounting and financial management procedures

6. Appendix 1 - Property Management Guidelines: Standard operating procedures for property management

7. Appendix 2 - Partner Contact Information: Detailed contact information and communication protocols

8. Appendix 3 - Required Forms: Standard forms for partnership operations and property management