Tenancy Agreement Law In Malaysia

Leases usually have a term of one year. An extension with a possible adjustment of the rents must be agreed by mutual agreement. A termination must be made by the tenant three months before the expiry of the contract. The landlord has the right to freely own the tenant`s premises without payment of compensation. Q: Can I renew the lease or should I make a new lease if I want to renew my lease? Malaysia has not adopted specific legislation regulating leases; Therefore, there is no single form for rental contracts and the content of these contracts is in any case left to the decision of the lessor and the tenant. One of the possibilities is to terminate the lease on time and the tenant would evacuate the premises. Normally, rent and incidental guarantees should be sufficient to fill arrears. Despite the vagueness of the rules on leases, most of these contracts contain a similar set of clauses. Each lease must contain the details of the property to be rented. Subject to the renewal clauses of the rental agreement, the lessor or tenant may extend the lease under the same conditions.

There is no fixed law on whether the tenant or lessor should bear the legal costs of the lease. However, it is customary for legal costs to be shared equally between the two parties. While the lease itself is concerned, Malaysia has a number of laws that facilitate and protect both landlords and tenants on the basis of the lease agreement, such as the Contracts Act 1950, the Civil Law Act 1956, the Distress Relief Act 1951 and the Specific Act 1950.