The Long Term Land Lease Agreement is a crucial document used in Malaysian property transactions where parties seek to establish extended land use rights without transferring ownership. This agreement is particularly relevant when businesses or individuals require long-term control over land for development, commercial operations, or investment purposes. It must comply with Malaysian land law requirements, particularly the National Land Code 1965, and typically requires registration with the Land Office. The document addresses key aspects such as lease duration, rental terms, permitted land use, development rights, and both parties' obligations. It's commonly used in commercial, industrial, and agricultural sectors, and may require additional provisions when involving foreign lessees due to Malaysia's foreign ownership restrictions.
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1. Parties: Identification of lessor and lessee with full legal names and details
2. Background: Recitals explaining the context of the lease and property ownership
3. Definitions: Key terms used throughout the agreement
4. Demise: The formal grant of lease and its basic terms
5. Term and Renewal: Duration of lease and renewal provisions
6. Rent and Payment Terms: Rent amount, payment schedule, and review mechanisms
7. Permitted Use: Allowed uses of the land and any restrictions
8. Lessee's Covenants: Primary obligations and responsibilities of the lessee
9. Lessor's Covenants: Primary obligations and responsibilities of the lessor
10. Insurance: Required insurance coverage and obligations
11. Maintenance and Repairs: Responsibilities for land maintenance and repairs
12. Assignment and Subletting: Rules regarding transfer of lease rights
13. Default and Remedies: Consequences of breach and available remedies
14. Termination: Grounds and process for lease termination
15. Dispute Resolution: Process for resolving disputes between parties
16. Notices: Communication requirements and contact details
17. Governing Law: Confirmation of Malaysian law application
1. Development Rights: Terms for construction or development on the land, if permitted
2. Environmental Obligations: Special environmental protection requirements if land is in sensitive area
3. Indigenous Rights: Special provisions if land involves native title or indigenous rights
4. Foreign Investment Provisions: Additional requirements if lessee is a foreign entity
5. Agricultural Provisions: Special terms for agricultural use if relevant
6. Mining Rights: Provisions regarding mineral rights if applicable
7. Security Deposit: Terms for security deposit if required
8. Force Majeure: Provisions for unforeseen circumstances affecting lease obligations
1. Property Description: Detailed description of land including title details, boundaries, and area
2. Site Plan: Plans and drawings showing the leased land
3. Rent Schedule: Detailed breakdown of rent payments and review dates
4. Permitted Use Details: Specific details of allowed activities and restrictions
5. Development Plans: If applicable, plans for development or construction
6. Maintenance Schedule: Detailed maintenance obligations and schedules
7. Required Approvals: List of necessary government approvals and permits
8. Form of Transfer/Assignment: Template documents for future transfers if permitted
Relevant legal definitions
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Relevant Industries
Real Estate
Agriculture
Industrial Manufacturing
Retail
Hospitality
Commercial Property Development
Mining
Infrastructure
Renewable Energy
Education
Healthcare
Logistics
Relevant Teams
Legal
Real Estate
Facilities Management
Finance
Operations
Compliance
Property Management
Business Development
Investment
Risk Management
Relevant Roles
Legal Counsel
Property Manager
Real Estate Director
Facilities Manager
Chief Financial Officer
Development Director
Land Administrator
Compliance Officer
Project Manager
Operations Director
Investment Manager
Asset Manager
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