The Renewal of Tenancy Agreement is a crucial document used when parties wish to extend an existing tenancy arrangement in Malaysia. It is typically employed when the original tenancy period is approaching expiration and both parties agree to continue the landlord-tenant relationship. The document must comply with Malaysian legislation, including the National Land Code 1965, Contracts Act 1950, and Stamp Act 1949. It includes essential elements such as updated rental terms, renewal period, maintenance obligations, and any new conditions agreed upon by the parties. This agreement is particularly important as it provides legal certainty and continuity while allowing for adjustments to reflect current market conditions or changed circumstances. The document serves both residential and commercial tenancies and must be properly executed and stamped to ensure legal enforceability.
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1. Parties: Identification of the landlord and tenant with full names, identification numbers, and addresses
2. Background: Reference to original tenancy agreement, its date, and brief description of parties' intention to renew
3. Definitions: Definitions of key terms used in the agreement, including any new terms not in the original agreement
4. Renewal Term: Specific period of renewal, including start and end dates
5. Rent and Payment Terms: Updated rental amount, payment schedule, and method of payment
6. Security Deposit: Confirmation of existing deposit or requirements for additional deposit
7. Utility Charges: Responsibility for utility payments and other outgoings
8. Maintenance and Repairs: Obligations of both parties regarding property maintenance and repairs
9. Insurance: Requirements for insurance coverage during the renewal period
10. Termination: Conditions and process for early termination of the renewed tenancy
11. Governing Law: Confirmation that the agreement is governed by Malaysian law
12. Execution: Signing and witnessing requirements
1. Option to Renew: Include when parties want to provide for future renewal options
2. Renovation and Alterations: Include when tenant is permitted to make specific modifications to the property
3. Subletting Provisions: Include when subletting is to be permitted under specific conditions
4. Break Clause: Include when either party wants the option to terminate before the end of the renewal term
5. Special Conditions: Include when there are property-specific rules or requirements
6. Covid-19 or Force Majeure Provisions: Include when parties want specific provisions for handling unexpected events
7. Green Lease Provisions: Include for properties with environmental sustainability requirements
1. Schedule 1 - Property Details: Detailed description of the property including address, boundaries, and included fixtures/fittings
2. Schedule 2 - Inventory List: Updated list of furniture, appliances, and items included in the tenancy
3. Schedule 3 - Special Conditions: Detailed list of any special conditions or house rules
4. Schedule 4 - Payment Schedule: Detailed breakdown of rent payments, deposit amounts, and other charges
5. Appendix A - Original Agreement: Copy of the original tenancy agreement for reference
6. Appendix B - Property Photos: Updated photographs documenting the current condition of the property
7. Appendix C - Maintenance Schedule: Schedule of regular maintenance tasks and responsibilities
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