Document background
The Rental Waiver document is essential in Malaysian property management and leasing arrangements where a formal waiver of rental obligations is required. It is commonly used during economic downturns, crisis situations, or when tenants face legitimate difficulties in meeting their rental obligations. The document ensures legal compliance with Malaysian contract law, the National Land Code, and other relevant legislation while providing a clear framework for the temporary or permanent waiver of rental payments. It protects both landlord and tenant interests by clearly documenting the terms of the waiver, any conditions attached, and the specific period covered. This document is particularly relevant in commercial leasing but can also be applied to residential tenancies where formal documentation of a rental waiver is necessary.
