Document background
The Commercial Sublease Agreement is essential in Malaysia's commercial property sector when a tenant wishes to transfer partial or full use of their leased premises to another party while maintaining the original lease with the landlord. This document type is commonly used in situations where businesses need to downsize, relocate, or optimize their space usage while being bound by an existing lease. The agreement must comply with Malaysian property law, particularly the National Land Code 1965 and state-specific regulations, while ensuring alignment with the head lease terms. It typically includes detailed provisions for rent, security deposits, maintenance obligations, permitted use, and termination conditions. The document is crucial for protecting all parties' interests and ensuring clear documentation of the sublease arrangement, especially important in Malaysia's dynamic commercial property market where subleasing is increasingly common in various business districts and commercial zones.
