Deposit
Security Deposit: A security deposit equivalent to two (2) month's rental and a utility deposit equivalent to half a months rental to be paid by the tenant to the landlord on or before the execution of the tenancy agreement, and to be refunded without interest and less any liabilities incurred by the tenant at the termination of tenancy.
Earnest Deposit: The tenant shall pay an earnest deposit equivalent to one month's rental to secure the said property. This sum shall be deemed as the first month's rental in advance, upon the execution of the tenancy agreement.
This preview is an excerpt from the following publication. this publication for access to all the commentary and precedents.
Tenancy and Leases - Step by Step Guide & Precedents
by By Lawyers For Lawyers author - Jayadeep Hari & Jamil
Overview
This publication provides comprehensive guidance when dealing with the law governing landlord and tenancy in Malaysia. Although there are some legislative provisions relating to this area, landlord and tenant disputes are largely governed by common law. The lack of legislative certainty surrounding this area means it can be difficult to navigate. This step-by-step guide provides clear and practical direction which aims to ensure protection for both landlord and tenant alike.
This guide details the difference between a licence, a tenancy and a lease. It provides all the tools necessary to resolve a dispute efficiently and effectively including links to relevant legislation and references to relevant case law. The commentary highlights all of the areas of possible contention and aims to ensure that the relevant lease/tenancy agreement pre-empts any possible problems.
The guide also includes a comprehensive suite of precedents including;
- Simple tenancy agreement
- Commercial tenancy agreement
- Agricultural land lease agreement
- Sub tenancy agreement
- Notice to vacate
- Notice of termination
Whether you are acting for the Lessor or Lessee, Landlord or Tenant this publication provides useful guidance which will aid efficiency, time management and productivity.