When it comes to leasing a property or renting an apartment in Malaysia, a lease agreement is a crucial document that outlines the rights and responsibilities of both parties involved. A lease agreement is a legal contract which records the terms and conditions of the lease that have been agreed upon by the landlord and the tenant.
In Malaysia, the lease agreement is known as “Perjanjian Sewa.” It is a document that is written in Bahasa Malaysia or Malay language, which is the official language of the country. It is important to note that the leases in Malaysia are governed by the National Land Code 1965 and the Contracts Act 1950, which means that all lease agreements must adhere to these laws.
The lease agreement is a comprehensive document that covers various aspects of the lease, including the rental amount, payment due dates, security deposit, maintenance and repair responsibilities, and termination clauses. The agreement also includes details on the duration of the lease, renewal options, and penalties for early termination of the lease.
In addition to these details, the lease agreement also outlines the rights and duties of the tenant and the landlord. For example, the tenant has the right to occupy the property for the period specified in the lease agreement and to use the premises for the purpose agreed on. The landlord, on the other hand, is responsible for repairing any damage to the property caused by natural wear and tear, and the tenant is responsible for any damage caused due to misuse or negligence.
Another crucial aspect of the lease agreement is the security deposit. It is a common practice in Malaysia for landlords to ask tenants to provide a security deposit when signing a lease agreement. The security deposit is usually equivalent to two months’ rent and is held as a form of assurance against any damage or unpaid rent.
It is important for tenants to thoroughly review the lease agreement before signing it. They should seek the help of a lawyer or a professional translator if they are unsure about any of the clauses. Tenants should also keep a copy of the lease agreement for their records.
In conclusion, the lease agreement is a vital document that plays a crucial role in the leasing process in Malaysia. It is a legally binding document that protects both the landlord and the tenant and ensures that the lease proceeds smoothly. It is written in Bahasa Malaysia, the official language of the country, and must adhere to the relevant laws and regulations. Tenants are advised to carefully review the agreement before signing it and seek professional help if needed.