The Master Rental Agreement serves as a foundational document for establishing rental relationships in Malaysia, designed to comply with local property laws and regulations including the Contracts Act 1950, National Land Code 1965, and other relevant legislation. This agreement is typically used when parties need a comprehensive framework for long-term or multiple property rental arrangements, providing standardized terms while allowing flexibility for specific property requirements. The Master Rental Agreement includes essential provisions for rent payment, maintenance obligations, security deposits, default remedies, and termination conditions, while accommodating various property types from commercial to residential uses. It's particularly valuable for corporate landlords or tenants managing multiple rental properties or requiring standardized terms across different rental arrangements.
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1. Parties: Identification of the landlord and tenant, including full legal names, registration numbers for companies, and contact details
2. Background: Context of the agreement, establishing the landlord's ownership/authority to rent and the tenant's interest in renting
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Premises: Detailed description of the rental property and any included fixtures, fittings, and facilities
5. Term and Renewal: Duration of the rental period, commencement date, and conditions for renewal
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for refund, and permitted deductions
8. Utilities and Maintenance: Responsibilities for utilities, maintenance, repairs, and property upkeep
9. Use of Premises: Permitted use of the property and restrictions on activities
10. Insurance: Required insurance coverage for both parties
11. Default and Remedies: Events of default and available remedies for both parties
12. Termination: Grounds for termination and the process for ending the agreement
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Subletting and Assignment: Include when subletting or assignment rights are to be granted or specifically prohibited
2. Alterations and Improvements: Include for commercial properties or when significant modifications might be needed
3. Common Areas: Include for properties in multi-tenant buildings or complexes
4. Green Lease Provisions: Include for properties with environmental sustainability requirements
5. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
6. Option to Purchase: Include when giving tenant the option to purchase the property
7. Break Clause: Include when early termination options are to be provided
8. Service Charge: Include for properties with additional service charges or maintenance fees
1. Schedule 1 - Property Details: Detailed description of the property including floor plans, boundaries, and included fixtures
2. Schedule 2 - Rent Schedule: Detailed breakdown of rent payments, including any scheduled increases
3. Schedule 3 - Condition Report: Detailed report of the property's condition at the start of the tenancy
4. Schedule 4 - House Rules: Specific rules and regulations for the use of the property
5. Schedule 5 - Maintenance Schedule: Schedule of regular maintenance and responsibilities
6. Schedule 6 - Inventory List: Detailed list of furnishings and equipment included in the rental
7. Appendix A - Required Permits: Copies of relevant permits and certificates
8. Appendix B - Insurance Requirements: Detailed insurance requirements and specifications
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