The End of Lease Agreement is a crucial document used in Malaysia when formally concluding a lease arrangement between property owners and tenants. It serves as a comprehensive record of the lease termination process, incorporating elements required under Malaysian property law, particularly the National Land Code 1965 and Contracts Act 1950. This document is essential when a lease is reaching its natural conclusion or being terminated early by mutual agreement. It typically includes detailed provisions for property handover, final inspections, utility settlements, security deposit returns, and mutual release clauses. The agreement helps prevent future disputes by clearly documenting the condition of the property at surrender and confirming that all parties have fulfilled their obligations under the original lease.
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1. Parties: Identification of the landlord and tenant with full legal names and addresses
2. Background: Brief recital of the original lease agreement details and the intention to terminate
3. Definitions: Definition of key terms used throughout the agreement
4. Termination Date: Specific date when the lease will terminate and premises will be surrendered
5. Property Handover: Terms and conditions for returning the property, including inspection requirements
6. Settlement of Accounts: Details of final rent payment, utility bills, and security deposit settlement
7. Condition of Premises: Requirements for the condition in which the property must be returned
8. Keys and Access: Arrangements for returning keys and security devices
9. Mutual Release: Release of parties from future obligations under the original lease
10. Governing Law: Confirmation that the agreement is governed by Malaysian law
11. Execution: Signature blocks and execution details
1. Repairs and Restoration: Specific requirements for repairs or restoration of the property, used when there are identified damages or modifications
2. Outstanding Disputes: Resolution of any existing disputes or claims, included when there are unresolved issues
3. Forwarding Address: Tenant's new address for future correspondence, included when needed for security deposit return or future communications
4. Third Party Rights: Addressing any third-party interests or guarantors, included when applicable
5. Early Termination Fees: Details of any penalties or fees for early termination, included when lease is ending before original term
6. Surviving Obligations: Specific obligations that continue after termination, included when there are ongoing responsibilities
1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and furniture included in the original lease and their current condition
2. Schedule 2 - Inspection Report: Detailed report of the property's condition at the time of termination
3. Schedule 3 - Outstanding Payments: List of any outstanding rent, utilities, or other charges
4. Schedule 4 - Handover Checklist: Checklist of items to be completed before and during property handover
5. Appendix A - Original Lease Agreement: Copy of the original lease agreement for reference
6. Appendix B - Photographs: Documentary evidence of property condition at termination
Relevant legal definitions
Agreement
Business Day
Commencement Date
Deposit
Effective Date
Handover Date
Identity Card
Landlord
Lease
Original Lease Agreement
Premises
Property
Rent
Security Deposit
Tenant
Termination Date
Utilities
Inspection Report
Keys
Outstanding Payments
Handover Checklist
Property Manager
Repair Works
Inventory List
Vacant Possession
Business Day
Commencement Date
Deposit
Effective Date
Handover Date
Identity Card
Landlord
Lease
Original Lease Agreement
Premises
Property
Rent
Security Deposit
Tenant
Termination Date
Utilities
Inspection Report
Keys
Outstanding Payments
Handover Checklist
Property Manager
Repair Works
Inventory List
Vacant Possession
Clauses
Termination
Property Handover
Security Deposit
Final Inspection
Outstanding Payments
Utilities Settlement
Keys Return
Property Condition
Repairs and Restoration
Release of Obligations
Mutual Release
Surviving Obligations
Access Rights
Forwarding Address
Notices
Dispute Resolution
Governing Law
Entire Agreement
Costs and Expenses
Severability
Force Majeure
Assignment
Amendment
Waiver
Counterparts
Property Handover
Security Deposit
Final Inspection
Outstanding Payments
Utilities Settlement
Keys Return
Property Condition
Repairs and Restoration
Release of Obligations
Mutual Release
Surviving Obligations
Access Rights
Forwarding Address
Notices
Dispute Resolution
Governing Law
Entire Agreement
Costs and Expenses
Severability
Force Majeure
Assignment
Amendment
Waiver
Counterparts
Relevant Industries
Real Estate
Retail
Commercial Office Space
Industrial
Hospitality
Residential Property
Manufacturing
Warehouse and Storage
Food and Beverage
Healthcare
Relevant Teams
Legal
Facilities Management
Operations
Real Estate
Property Management
Asset Management
Procurement
Compliance
Corporate Services
Risk Management
Relevant Roles
Property Manager
Facilities Manager
Legal Counsel
Real Estate Manager
Operations Manager
Lease Administrator
Asset Manager
Commercial Director
Procurement Manager
Contract Manager
Corporate Services Manager
Real Estate Director
General Counsel
Compliance Officer
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