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Early Termination Of Tenancy Agreement for Malaysia

Early Termination Of Tenancy Agreement Template for Malaysia

A legally binding document governed by Malaysian law that facilitates the mutual agreement between a landlord and tenant to terminate a tenancy agreement before its original end date. The document outlines the terms and conditions of the early termination, including the agreed termination date, settlement of outstanding payments, return of security deposits, property handover requirements, and mutual release of obligations. It ensures compliance with Malaysian tenancy laws while protecting the interests of both parties during the termination process.

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What is a Early Termination Of Tenancy Agreement?

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.

What sections should be included in a Early Termination Of Tenancy Agreement?

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

What sections are optional to include in a Early Termination Of Tenancy Agreement?

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

What schedules should be included in a Early Termination Of Tenancy Agreement?

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions

























Clauses
























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Hospitality

Office Space

Industrial

Legal Services

Property Development

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Property Management

Asset Management

Tenant Relations

Contract Administration

Corporate Services

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Facilities Manager

Property Administrator

Tenant Relations Manager

Asset Manager

Operations Manager

Contract Administrator

Real Estate Director

Housing Officer

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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