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Licence To Occupy Residential Property
"I need a Licence To Occupy Residential Property for a furnished apartment in Kuala Lumpur that will be used for corporate executives on 3-month rotations starting from March 2025, with specific provisions for cleaning services and maintenance of high-end appliances."
1. Parties: Identification of the Licensor (property owner) and Licensee (occupier), including full names, identification numbers, and addresses
2. Background: Brief context explaining the purpose of the license and nature of the arrangement
3. Definitions: Key terms used throughout the agreement including 'Property', 'License Period', 'License Fee', and other relevant terms
4. Grant of License: Clear statement of the permission to occupy, emphasizing it is a license not a lease, and specifying the exact areas of the property covered
5. License Period: Duration of the license, including start and end dates, and any renewal provisions
6. License Fee: Amount payable, payment schedule, method of payment, and consequences of late payment
7. Utilities and Outgoings: Responsibility for utility payments, maintenance charges, and other ongoing costs
8. Use of Property: Permitted use of the property, restrictions, and occupancy limits
9. Licensee's Obligations: Key responsibilities including maintenance, conduct, and compliance with rules
10. Licensor's Obligations: Responsibilities of the property owner including maintenance of structure and facilities
11. Termination: Grounds for termination, notice requirements, and consequences of termination
12. Notices: How formal communications between parties should be made and delivered
13. Governing Law: Confirmation that Malaysian law governs the agreement
1. Security Deposit: Terms of security deposit if required, including amount, holding conditions, and return provisions
2. Furniture and Fittings: Include when the property is provided furnished, listing maintenance and usage requirements
3. Shared Facilities: Required for properties in multi-unit developments with common areas
4. House Rules: Needed when there are specific building or community rules to be followed
5. Insurance: Include when specific insurance requirements are imposed on either party
6. Special Conditions: For any unique arrangements or requirements specific to the property or parties
7. Guarantee: Include when a guarantor is required for the licensee's obligations
1. Schedule 1 - Property Description: Detailed description of the property including address, included areas, and excluded areas
2. Schedule 2 - Inventory List: List of furniture, appliances, and fittings provided with the property
3. Schedule 3 - House Rules: Detailed rules and regulations for the property and/or building
4. Schedule 4 - Payment Schedule: Breakdown of all payments including license fee, utilities, and other charges
5. Schedule 5 - Condition Report: Document recording the condition of the property at the start of the license period
6. Appendix A - Floor Plan: Plan showing the licensed areas and any excluded or shared areas
7. Appendix B - Photographs: Visual record of the property condition at commencement
Authors
Real Estate
Property Management
Corporate Housing
Residential Property
Student Accommodation
Temporary Accommodation Services
Serviced Apartments
Corporate Relocation Services
Legal
Property Management
Facilities Management
Corporate Housing
Real Estate Operations
Asset Management
Compliance
Administrative Services
Global Mobility
Property Manager
Real Estate Manager
Corporate Housing Coordinator
Facilities Manager
Legal Counsel
Property Administrator
Relocation Specialist
Housing Officer
Asset Manager
Compliance Officer
Real Estate Director
Operations Manager
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