The Letter Of Intent To Lease Residential Property serves as an important preliminary step in Malaysian residential leasing transactions. This document is typically used when a prospective tenant wishes to formally express their interest in leasing a property before proceeding with a full lease agreement. It helps establish the basic framework for negotiations and demonstrates commitment from the prospective tenant. While not legally binding for the final lease terms, it often contains key information such as proposed rental amount, intended lease duration, and basic conditions, all structured within Malaysia's legal framework which combines common law principles with specific local property regulations. This document is particularly useful in competitive rental markets or when dealing with high-value properties where parties need to establish serious intent before proceeding with detailed lease negotiations.
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1. Date and Addressing: Current date and proper addressing to the intended recipient (property owner/landlord or their representative)
2. Subject Line: Clear identification that this is a Letter of Intent to Lease with the specific property address
3. Introduction: Brief introduction of the prospective tenant and purpose of the letter
4. Property Details: Specific description of the property including full address and any relevant unit numbers
5. Key Terms: Proposed fundamental terms including monthly rental amount, lease duration, and intended start date
6. Basic Conditions: Essential conditions such as security deposit, utility responsibilities, and any specific requirements
7. Timeline: Proposed timeline for lease execution and move-in date
8. Closing: Statement of intent, signature block, and contact information
1. Special Requirements: Any specific modifications, improvements, or accommodations requested for the property
2. Contingencies: Any conditions that must be met before proceeding with the formal lease (e.g., satisfactory property inspection)
3. Current Employment: Brief description of employment status and income source, if willing to disclose at this stage
4. References: Mention of availability of references from previous landlords or character references
5. Pet Clause: Information about any pets if applicable, including type, number, and size
1. Proof of Identity: Copy of identification documents of the prospective tenant
2. Property Photos: Current photos of the property's condition, if already inspected
3. Preliminary Financial Documentation: Basic proof of financial capability, such as employment letter or bank statement
4. Property Inspection Report: If an inspection has been conducted, a basic report of findings or concerns
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