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Commercial Real Estate Agreement

Commercial Real Estate Agreement Template for Malaysia

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Key Requirements PROMPT example:

Commercial Real Estate Agreement

"I need a Commercial Real Estate Agreement for leasing a retail space in a shopping mall in Kuala Lumpur, with a 5-year term starting March 1, 2025, including specific provisions for retail operations and shopping mall regulations."

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Document background
The Commercial Real Estate Agreement is a vital legal instrument used in Malaysian property transactions for establishing legally binding terms between parties involved in commercial property dealings. This document is essential when purchasing, selling, or leasing commercial real estate in Malaysia, requiring careful consideration of local property laws, including the National Land Code 1965, Contracts Act 1950, and various state-level regulations. The agreement typically includes detailed provisions covering property specifications, financial terms, obligations of parties, maintenance responsibilities, and compliance requirements. It serves both large-scale commercial developments and smaller business premises, providing a comprehensive framework for protecting the interests of all parties while ensuring legal compliance with Malaysian property regulations.
Suggested Sections

1. Parties: Identification and details of all parties involved in the agreement

2. Background: Context of the transaction and brief description of the property

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including lot number, title details, and address

5. Consideration: Purchase price or rental amount and payment terms

6. Conditions Precedent: Conditions that must be fulfilled before the agreement becomes effective

7. Completion: Process and requirements for completing the transaction

8. Representations and Warranties: Statements of fact and promises made by both parties

9. Covenants: Ongoing obligations of both parties

10. Insurance: Required insurance coverage and responsibilities

11. Maintenance and Repairs: Responsibilities for property maintenance and repairs

12. Assignment and Subletting: Rules regarding transfer of rights or subletting

13. Termination: Circumstances and process for terminating the agreement

14. Notices: How formal communications between parties should be made

15. Governing Law: Confirmation of Malaysian law as governing law and jurisdiction

16. Dispute Resolution: Process for resolving disputes between parties

Optional Sections

1. Renovation and Alterations: Include when the property requires or permits modifications

2. Environmental Matters: Include for properties with environmental concerns or requirements

3. Service Charges: Include for properties in managed buildings or complexes

4. Option to Purchase: Include in lease agreements with purchase options

5. Special Conditions: Include when there are unique requirements or circumstances

6. Force Majeure: Include when specific provisions for unforeseen circumstances are needed

7. Property Management: Include for properties requiring specific management arrangements

8. GST Provisions: Include when GST is applicable to the transaction

Suggested Schedules

1. Property Schedule: Detailed property description, including floor plans and boundaries

2. Title Documents: Copies of land title and other relevant title documents

3. Inventory List: List of fixtures, fittings, and equipment included in the transaction

4. Payment Schedule: Detailed breakdown of payment terms and schedules

5. Service Charges Schedule: Breakdown of service charges and maintenance fees

6. Permitted Use: Detailed description of permitted commercial activities

7. Building Rules and Regulations: Specific rules applicable to the property

8. Form of Notice of Assignment: Template for notice of assignment if required

9. Renovation Guidelines: Specific requirements and restrictions for renovations

10. Handover Protocol: Procedures and checklist for property handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





































Clauses






























Relevant Industries

Real Estate

Retail

Hospitality

Banking & Finance

Healthcare

Professional Services

Manufacturing

Logistics & Warehousing

Technology

Education

Food & Beverage

Entertainment

Relevant Teams

Legal

Real Estate

Facilities Management

Finance

Operations

Compliance

Risk Management

Corporate Development

Property Management

Asset Management

Business Development

Contract Administration

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Commercial Director

Facilities Manager

Business Development Manager

Corporate Lawyer

Chief Financial Officer

Operations Manager

Asset Manager

Compliance Officer

Real Estate Agent

Property Developer

Risk Manager

Contract Administrator

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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