The Condo Lease Agreement is essential for formalizing residential tenancy arrangements in Malaysia's growing condominium market. This document is used when an owner wishes to lease their condominium unit to a tenant, ensuring compliance with Malaysian property laws and strata regulations. The agreement covers crucial aspects such as rental terms, security deposits, maintenance obligations, and compliance with building management rules. It protects both landlord and tenant interests while adhering to local legal requirements, including the Strata Management Act 2013 and National Land Code 1965. The document is particularly important given the unique nature of condominium properties, which involve shared facilities and common areas subject to specific regulations and management rules.
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1. Parties: Identification of landlord and tenant with full legal names, identification numbers, and addresses
2. Background: Brief context about the property and purpose of the lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise and Term: Details of the property being leased and duration of the lease
5. Rent and Payment Terms: Rental amount, payment schedule, and payment methods
6. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
7. Utility Charges: Responsibility for utilities and service charges
8. Use of Premises: Permitted use of the property and restrictions
9. Maintenance and Repairs: Responsibilities for property maintenance and repairs
10. Strata Title Compliance: Obligations to comply with building management rules and regulations
11. Insurance: Insurance requirements for both parties
12. Landlord's Covenants: Obligations and promises of the landlord
13. Tenant's Covenants: Obligations and promises of the tenant
14. Termination: Conditions and procedures for ending the lease
15. Notices: How formal communications between parties should be made
16. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Pet Policy: Rules regarding keeping pets in the property, if permitted
2. Renovation and Alterations: Terms for making changes to the property, if allowed
3. Subletting: Terms and conditions for subletting, if permitted
4. Option to Renew: Terms for lease renewal if this option is offered
5. Diplomatic Clause: Early termination rights for expatriates in case of job transfer
6. Force Majeure: Provisions for unforeseen circumstances affecting the lease
7. Green Building Compliance: Special terms for green-certified buildings
8. Special Facilities Access: Terms for using specific condo facilities like gym, pool, etc.
1. Schedule 1 - Property Details: Detailed description of the property including unit number, floor area, and included fixtures/fittings
2. Schedule 2 - Inventory List: List of furniture and appliances included in the lease
3. Schedule 3 - House Rules: Copy of the condominium's house rules and regulations
4. Schedule 4 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities
5. Schedule 5 - Utility Agreements: Details of utility account numbers and service providers
6. Appendix A - Condition Report: Detailed report of property condition at the start of tenancy
7. Appendix B - Payment Schedule: Detailed breakdown of all payments including rent, deposits, and fees
8. Appendix C - Photographs: Documentary photographs of the property condition
Relevant legal definitions
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Relevant Industries
Real Estate
Property Management
Residential Property
Legal Services
Property Investment
Housing Development
Facilities Management
Relevant Teams
Legal
Real Estate
Property Management
Facilities
Compliance
Administrative
Asset Management
Operations
Leasing
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Housing Development Manager
Leasing Executive
Property Investment Manager
Facilities Manager
Compliance Officer
Real Estate Administrator
Tenancy Coordinator
Building Manager
Asset Manager
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