Simple Lot Rental Agreement Template for Malaysia

The Simple Lot Rental Agreement serves as a fundamental legal instrument for establishing land rental arrangements in Malaysia. This document type is particularly useful when parties need to formalize the temporary use of land without transferring ownership, whether for commercial, industrial, or agricultural purposes. The agreement must comply with Malaysian legislation, particularly the National Land Code 1965 and the Contracts Act 1950, while addressing practical aspects such as rental terms, land use restrictions, and maintenance obligations. It's designed to protect both landlord and tenant interests while providing clear guidelines for the rental relationship. The Simple Lot Rental Agreement is especially relevant in situations where the land use is straightforward and doesn't require complex development rights or special conditions.

1. Parties: Identifies and provides full details of the landlord and tenant, including names, identification numbers, and addresses

2. Background: Brief context of the rental arrangement and property description

3. Definitions: Defines key terms used throughout the agreement

4. Demise: Specifies the lot being rented and confirms the landlord's agreement to rent and the tenant's agreement to take the rental

5. Term: Duration of the rental agreement, including start and end dates

6. Rental: Rental amount, payment schedule, and payment methods

7. Security Deposit: Amount of security deposit, terms of holding and return

8. Tenant's Covenants: Key obligations of the tenant including maintenance, permitted use, and compliance with regulations

9. Landlord's Covenants: Key obligations of the landlord including quiet enjoyment and maintenance responsibilities

10. Termination: Circumstances and procedures for ending the agreement

11. Notices: How formal communications between parties should be made and delivered

12. Governing Law: Confirms Malaysian law governs the agreement and jurisdiction for disputes