Document background
A Partial Assignment Of Lease is a crucial document in Malaysian property law transactions where a tenant wishes to transfer some, but not all, of their leasehold rights to another party. This document is commonly used in commercial settings where businesses need to subdivide their leased space or share facilities while maintaining certain rights or responsibilities. Operating under Malaysian jurisdiction, particularly the National Land Code 1965, this agreement requires careful drafting to clearly delineate which rights are being assigned and which are being retained. It must address consent requirements from the landlord, registration procedures with relevant authorities, and establish clear relationships between all parties involved. The document is particularly important in managing complex commercial arrangements where space sharing or partial facility usage is required.
