If you`re looking to sublet your property in Malaysia, it`s important to have a legally binding agreement in place to protect both yourself and your tenant. A sublet tenancy agreement outlines the terms and conditions of the subletting arrangement, and helps to prevent any disputes that may arise during the tenancy.
Here`s a sample sublet tenancy agreement that you can use as a reference when drafting your own:
1. Parties involved
This section should clearly state the full names and contact information of both the tenant (the person subletting the property) and the subtenant (the person who will be living in the property).
2. Property details
In this section, include a description of the property that is being sublet, including the address, the type of property (e.g. apartment, house), and any additional features included in the rental (e.g. parking space, furniture).
3. Term of tenancy
Specify the start and end dates of the sublet tenancy, as well as any provisions for renewal or extension.
4. Rent and security deposit
Provide the monthly rent amount, the date on which it is due, and any late payment penalties. Also include information about the security deposit, including the amount paid and the conditions under which it will be refunded at the end of the tenancy.
5. Utilities and other expenses
Specify which utilities are included in the rent (if any), as well as any other expenses that the tenant and subtenant will be responsible for (e.g. internet, cable TV).
6. Use of property
This section outlines the permitted uses of the property, including any restrictions on activities that may disturb neighbors or damage the property.
7. Maintenance and repairs
Specify which party is responsible for maintaining and repairing the property, including any provisions for reporting and resolving maintenance issues.
8. Subletting and assignment
Include any restrictions on subletting the property to additional tenants, as well as the process for obtaining permission to do so.
9. Termination
Outline the circumstances under which the tenancy may be terminated, as well as the process for doing so.
10. Governing law
Specify which laws will govern the sublet tenancy agreement.
By using a sample sublet tenancy agreement as a reference, you can ensure that your agreement covers all of the necessary terms and conditions, and helps to protect both you and your subtenant during the tenancy period.