This Early Termination of Tenancy Agreement is designed for use in Malaysia when both landlord and tenant mutually agree to end a tenancy before its scheduled expiration date. The document is essential in situations where either party needs to terminate the lease early due to various circumstances such as relocation, property sale, or other significant changes. It provides a formal framework under Malaysian law for documenting the agreed termination terms, handling security deposits, settling outstanding payments, and establishing property handover procedures. The agreement helps prevent future disputes by clearly defining each party's rights and obligations during the termination process, while ensuring compliance with relevant Malaysian property and contract laws.
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1. Parties: Identification of the landlord and tenant, including full names, identification numbers, and addresses
2. Background: Brief recital of the original tenancy agreement details and the context for early termination
3. Definitions: Definitions of key terms used in the agreement, including 'Termination Date', 'Property', 'Original Agreement', etc.
4. Early Termination Agreement: The mutual agreement to terminate the tenancy before the original end date
5. Termination Date: Specific date when the tenancy will end and handover will occur
6. Settlement of Accounts: Details of final rent payment, utility bills, and other financial obligations
7. Security Deposit: Terms for the return or forfeit of the security deposit
8. Handover Requirements: Conditions for returning the property, including cleaning and repair obligations
9. Release and Discharge: Mutual release from obligations under the original tenancy agreement
10. Governing Law: Confirmation that the agreement is governed by Malaysian law
11. Execution: Signature blocks for all parties and witnesses
1. Outstanding Repairs: Include when there are specific repair works to be completed before handover
2. Compensation: Include when early termination requires payment of compensation to either party
3. Reinstatement Works: Include when there are specific requirements for returning the property to its original condition
4. Key Return Protocol: Include when there are multiple sets of keys or security devices to be returned
5. Third Party Services: Include when there are ongoing services (e.g., cleaning, maintenance) that need to be terminated
6. Special Conditions: Include when there are unique circumstances requiring additional terms
1. Schedule 1 - Property Details: Detailed description of the property including address and unique identifiers
2. Schedule 2 - Original Tenancy Agreement: Copy or key details of the original tenancy agreement being terminated
3. Schedule 3 - Property Condition Report: Current condition of the property and any existing damage
4. Schedule 4 - Inventory List: List of fixtures, fittings, and furnishings included in the property
5. Schedule 5 - Settlement Calculation: Detailed calculation of final payments, deductions, and refunds
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Residential Housing
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Industrial
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Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Property Management
Asset Management
Tenant Relations
Contract Administration
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Real Estate Agent
Leasing Manager
Legal Counsel
Facilities Manager
Property Administrator
Tenant Relations Manager
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Operations Manager
Contract Administrator
Real Estate Director
Housing Officer
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