Document background
The Office Space Lease Agreement is a fundamental legal document used in Malaysian commercial property transactions to establish and regulate the relationship between landlords and tenants for office premises. This agreement is essential when businesses seek to lease office space in Malaysia, whether in commercial buildings, business parks, or mixed-use developments. It incorporates requirements from Malaysian property law, including the National Land Code 1965, Contracts Act 1950, and relevant state-level legislation. The document covers crucial aspects such as lease duration, rental payments, maintenance responsibilities, permitted use, and compliance with local regulations. It's particularly important in Malaysia's major commercial centers like Kuala Lumpur, Penang, and Johor Bahru, where office space leasing forms a significant part of commercial real estate transactions.
