The Informal Lease Agreement is designed for use in Malaysia when parties need a straightforward, legally compliant rental arrangement without the complexity of a full commercial lease. This document is particularly suitable for residential properties, including houses, apartments, and rooms, where the rental arrangement is relatively standard. It includes essential provisions required under Malaysian law while remaining accessible to non-legal professionals. The agreement covers fundamental aspects such as rental terms, security deposits, maintenance responsibilities, and basic rights and obligations, while complying with relevant Malaysian legislation including the National Land Code 1965 and Contracts Act 1950. This type of agreement is commonly used for residential tenancies lasting 1-3 years.

1. Parties: Identification and details of the landlord and tenant

2. Background: Brief context of the rental arrangement and property ownership

3. Definitions: Key terms used throughout the agreement

4. Property Details: Specific description and address of the rental property

5. Term and Commencement: Duration of the lease and start date

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, terms of holding, and conditions for refund

8. Utilities and Maintenance: Responsibilities for utilities, repairs, and maintenance

9. Tenant's Obligations: Key responsibilities and restrictions on the tenant

10. Landlord's Obligations: Key responsibilities of the landlord

11. Termination: Conditions and process for ending the lease

12. Governing Law: Specification that Malaysian law governs the agreement