The Condo Rental Agreement is essential for formalizing residential tenancy arrangements in Malaysian condominium properties. This document is designed for use when establishing a legal rental relationship between property owners and tenants of condominiums or other strata title properties in Malaysia. It incorporates requirements from relevant Malaysian legislation including the Strata Management Act 2013, National Land Code 1965, and Contracts Act 1950. The agreement includes provisions for rent payment, security deposits, maintenance responsibilities, compliance with management corporation rules, and other essential terms specific to condominium rentals. It is particularly important for ensuring clear understanding between parties and compliance with local property laws and regulations.
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1. Parties: Identification of landlord and tenant with full legal names, identification numbers, and addresses
2. Background: Brief context of the rental arrangement and property ownership
3. Definitions: Key terms used throughout the agreement including Property, Term, Rent, Security Deposit, etc.
4. Demise: Formal grant of tenancy and specification of the rental term
5. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment penalties
6. Security Deposit: Amount, terms of holding, and conditions for refund of security and utility deposits
7. Tenant's Covenants: Tenant's obligations including maintenance, permitted use, compliance with regulations
8. Landlord's Covenants: Landlord's obligations including maintenance of common areas, insurance, and structural repairs
9. Utilities and Services: Responsibility for utility connections, payments, and maintenance
10. Strata Rules Compliance: Obligation to comply with condominium rules and regulations
11. Insurance: Requirements for insurance coverage by both parties
12. Termination: Grounds and procedures for early termination by either party
13. Assignment and Subletting: Restrictions on assignment or subletting of the property
14. Notices: Method and addresses for serving formal notices
15. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Special Conditions for Foreigners: Additional requirements if tenant is a foreign national, including visa status requirements
2. Pet Clause: Terms and conditions for keeping pets, if permitted
3. Renovation and Alterations: Terms for allowing and managing property modifications
4. Option to Renew: Terms for renewal of lease after initial term
5. Break Clause: Specific conditions allowing early termination
6. Diplomatic Clause: Early termination rights for expatriates in case of job transfer
7. Force Majeure: Provisions for unforeseen circumstances affecting the tenancy
1. Schedule 1 - Property Details: Detailed description of property including unit number, floor area, and included fixtures/fittings
2. Schedule 2 - Inventory List: Detailed list of furniture, appliances, and their condition at start of tenancy
3. Schedule 3 - House Rules: Specific condominium rules and regulations applicable to the property
4. Schedule 4 - Payment Schedule: Breakdown of all payments including rent, deposits, and maintenance fees
5. Schedule 5 - Handover Form: Condition report to be completed at the start and end of tenancy
6. Appendix A - Photographs: Documentary photographs of property condition and inventory items
7. Appendix B - Maintenance Schedule: Schedule of regular maintenance responsibilities for both parties
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