Simple Space Rental Agreement Template for Malaysia

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Key Requirements PROMPT example:

Simple Space Rental Agreement

"I need a Simple Space Rental Agreement for a small retail shop in Kuala Lumpur's city center, starting from March 1, 2025, with an initial term of 2 years and an option to renew for an additional year."

Document background
The Simple Space Rental Agreement is a fundamental legal document used in Malaysia for establishing rental relationships between landlords and tenants. This template is designed to comply with Malaysian property law, including the National Land Code 1965 and Contracts Act 1950, while remaining accessible and practical for everyday use. It's particularly suitable for straightforward rental arrangements where parties need a clear, comprehensive agreement without excessive complexity. The document covers essential elements such as rental terms, payment schedules, maintenance responsibilities, and termination conditions, while allowing for customization based on specific needs. It can be used for both commercial and residential properties, provided the rental terms are relatively standard and don't require complex special provisions.
Suggested Sections

1. Parties: Identifies and provides full details of the landlord and tenant, including registration/ID numbers and addresses

2. Background: Brief context of the rental arrangement and purpose

3. Definitions: Defines key terms used throughout the agreement

4. Premises: Detailed description of the rental space, including address and boundaries

5. Term and Commencement: Duration of the rental agreement and start date

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

7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit

8. Utilities and Maintenance: Responsibilities for utilities payment and maintenance of the premises

9. Use of Premises: Permitted uses of the space and any restrictions

10. Insurance and Liability: Insurance requirements and allocation of risks

11. Termination: Conditions and process for ending the agreement

12. Governing Law: Specifies Malaysian law as governing law

13. Execution: Signature blocks and execution details

Optional Sections

1. Fit-Out Works: Include when tenant is permitted to make modifications to the space

2. Option to Renew: Include when offering tenant the option to extend the lease term

3. Break Clause: Include when either party can terminate early under specific conditions

4. Subletting and Assignment: Include when addressing whether tenant can sublet or assign the space

5. Common Areas: Include when rental space is part of a larger building/complex with shared facilities

6. Car Parking: Include when parking spaces are part of the rental agreement

7. Building Rules: Include when there are specific building regulations or rules to be followed

Suggested Schedules

1. Schedule 1 - Floor Plan: Detailed plan showing the rented space and its boundaries

2. Schedule 2 - Inventory List: List of any furnishings or equipment included in the rental

3. Schedule 3 - Service Charges: Breakdown of any additional service charges or maintenance fees

4. Schedule 4 - Building Rules and Regulations: Detailed building rules and regulations if applicable

5. Schedule 5 - Condition Report: Documentation of the premises condition at commencement of rental

6. Appendix A - Special Conditions: Any additional terms or conditions specific to this rental

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Real Estate

Retail

Office Space

Professional Services

Food & Beverage

Education

Healthcare

Manufacturing

Warehousing

Creative Industries

Technology

Financial Services

Relevant Teams

Legal

Operations

Administration

Facilities Management

Real Estate

Property Management

Contracts

Compliance

Corporate Services

Relevant Roles

Property Manager

Real Estate Agent

Facilities Manager

Business Owner

Operations Manager

Legal Counsel

Paralegal

Administrative Officer

Leasing Manager

Estate Agent

Company Secretary

Contract Administrator

Office Manager

Property Administrator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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