Document background
The Commercial Lease Termination Letter is a crucial document in Malaysian commercial property relations, used when either the landlord or tenant wishes to formally end a lease agreement before or at its natural conclusion. This document must comply with Malaysian property law, particularly the National Land Code 1965 and relevant state-level regulations. It should be used when there is a need to document the formal termination of a commercial lease, whether due to expiration, mutual agreement, or other circumstances permitted under the lease agreement. The letter typically includes essential details such as property identification, termination date, handover procedures, and settlement of outstanding obligations. Its proper execution is vital for protecting both parties' interests and ensuring a smooth transition of property possession in accordance with Malaysian legal requirements.
