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Addendum To Lease Agreement Template for Malaysia

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Key Requirements PROMPT example:

Addendum To Lease Agreement

"I need an Addendum to Lease Agreement for my commercial property in Kuala Lumpur, increasing the monthly rental by 15% and extending the lease term until March 2025, with all other original lease terms remaining unchanged."

What is a Addendum To Lease Agreement?

The Addendum To Lease Agreement is a crucial legal instrument in Malaysian property law that enables parties to modify their existing lease arrangements without creating an entirely new agreement. This document is typically used when circumstances require changes to specific terms of the original lease, such as rent adjustments, lease duration extensions, or modifications to property use conditions. It must comply with Malaysian legislation, including the National Land Code 1965 and the Contracts Act 1950, and requires proper execution and stamping under the Stamp Act 1949. The addendum serves both residential and commercial property sectors, providing a flexible solution for updating lease terms while maintaining legal certainty and protecting the interests of all parties involved.

What sections should be included in a Addendum To Lease Agreement?

1. Parties: Identification of the landlord and tenant as named in the original lease agreement

2. Background: Reference to the original lease agreement, including its date and parties, and the reason for this addendum

3. Definitions: Key terms used in the addendum, incorporating definitions from the original lease where relevant

4. Modifications to Original Lease: Specific changes being made to the original lease, clearly stating what is being added, deleted, or modified

5. Effect on Original Lease: Statement confirming that all other terms of the original lease remain in full force and effect

6. Governing Law: Confirmation that the addendum is governed by Malaysian law

7. Execution: Signature blocks for all parties and witnesses

What sections are optional to include in a Addendum To Lease Agreement?

1. Rental Adjustment: Used when the addendum involves changes to rent amount or payment terms

2. Term Extension: Required when modifying the duration of the lease

3. Property Modifications: Included when the addendum involves changes to the property or permitted modifications

4. Additional Occupants: Used when adding or removing authorized occupants

5. Change in Use: Required when modifying the permitted use of the property

6. Security Deposit Adjustment: Included when modifying security deposit terms

7. Insurance Requirements: Used when changing insurance obligations

What schedules should be included in a Addendum To Lease Agreement?

1. Schedule A - Original Lease: Copy of the original lease agreement being modified

2. Schedule B - Modified Terms: Detailed listing of specific changes to original lease terms

3. Schedule C - Floor Plans: Updated floor plans if the addendum involves changes to the leased space

4. Schedule D - Payment Schedule: Updated payment terms if rent or other financial terms are modified

5. Appendix 1 - Supporting Documents: Any relevant supporting documentation such as approvals or certificates

Authors

Alex Denne

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

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Real Estate

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