The Short Term Rental Agreement is designed for use in the Malaysian property market where there is an increasing demand for flexible, short-term accommodation solutions. This document is particularly relevant in urban areas and tourist destinations where property owners seek to rent their properties for periods typically ranging from a few days to several months. The agreement encompasses all essential elements required under Malaysian law, including specific provisions mandated by the Contracts Act 1950 and relevant state-level regulations. It is structured to protect both landlord and tenant interests while ensuring compliance with local housing rules, tourism regulations, and tax requirements. The document is commonly used for vacation rentals, business travel accommodation, temporary housing solutions, and other short-term residential needs, incorporating specific provisions for property maintenance, security deposits, and house rules tailored to the short-term nature of the arrangement.
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1. Parties: Identification of the 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', 'Rental Period', 'Security Deposit'
4. Property Details: Full description of the rental property including address and permitted use
5. Term and Rental Period: Duration of the rental agreement, check-in and check-out times, and any minimum stay requirements
6. Rental Fee and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for refund, and deductions
8. Utilities and Services: Responsibility for utility payments and included services
9. Use of Property: Permitted uses, occupancy limits, and restrictions
10. Maintenance and Repairs: Responsibilities of landlord and tenant for property maintenance
11. House Rules: Specific rules regarding noise, guests, smoking, pets, etc.
12. Termination: Conditions for early termination and notice requirements
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
1. Insurance: Requirements for insurance coverage, applicable when valuable furnishings are included or property is in a high-risk area
2. Special Amenities: Rules for use of swimming pool, gym, or other facilities, included when property has such amenities
3. Property Management: Details of property management company if applicable
4. Subletting Prohibition: Explicit prohibition of subletting, recommended for properties in regulated areas
5. Covid-19 Provisions: Special terms related to pandemic situations, cleaning protocols, and cancellation policies
6. Tourist Registration: Requirements for tourist registration if property is in a tourist area or subject to specific local regulations
1. Schedule 1 - Inventory List: Detailed list of furniture, appliances, and items included in the rental
2. Schedule 2 - Property Condition Report: Detailed description of property condition at commencement of rental
3. Schedule 3 - House Rules: Detailed house rules including specific dos and don'ts
4. Schedule 4 - Payment Schedule: Detailed breakdown of all payments including rental, deposit, and utilities
5. Appendix A - Property Photos: Photographs of property and inventory items at commencement of rental
6. Appendix B - Building By-Laws: Copy of relevant building or community by-laws if applicable
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Tourism & Hospitality
Property Management
Corporate Housing
Vacation Rentals
Serviced Apartments
Student Housing
Business Travel
Relevant Teams
Legal
Property Management
Operations
Facilities
Compliance
Real Estate
Guest Relations
Asset Management
Corporate Housing
Leasing
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Property Management Director
Facilities Manager
Hospitality Manager
Legal Counsel
Compliance Officer
Operations Manager
Asset Manager
Short-Term Rental Coordinator
Housing Solutions Specialist
Corporate Travel Manager
Vacation Rental Manager
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