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Licence Agreement Property Template for Malaysia

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Key Requirements PROMPT example:

Licence Agreement Property

"I need a Licence Agreement Property for a retail space in Kuala Lumpur's Central Business District, where my company will operate a pop-up store for 6 months starting March 1, 2025, with an option to extend for another 6 months."

Document background
The Licence Agreement Property is a critical legal instrument used in Malaysian property transactions where temporary or limited property use rights are granted without creating a lease or transfer of ownership. This document is particularly relevant when businesses or individuals need flexible arrangements for property use, such as pop-up stores, temporary office spaces, or shared facilities. It must comply with Malaysian property laws, including the National Land Code 1965 and Contracts Act 1950, and typically includes detailed terms about property usage, duration, fees, maintenance responsibilities, and termination rights. The agreement is essential for protecting both the property owner's interests and the user's rights while ensuring clear documentation of the arrangement's temporary nature. It's commonly used in commercial, retail, and industrial sectors, and must consider any specific local authority requirements or restrictions.
Suggested Sections

1. Parties: Identification of the Licensor and Licensee with full legal names and addresses

2. Background: Context of the agreement, including property ownership confirmation and purpose of the license

3. Definitions: Key terms used throughout the agreement including Property, License Period, Permitted Use, etc.

4. Grant of License: Specific rights being granted, scope of the license, and any restrictions on use

5. License Period: Duration of the license, including commencement date and termination date

6. License Fee: Amount, payment terms, method of payment, and review mechanisms

7. Property Condition and Maintenance: State of the property, maintenance responsibilities, and repair obligations

8. Licensee's Obligations: Specific duties and responsibilities of the licensee regarding property use and care

9. Licensor's Obligations: Responsibilities of the licensor including access, maintenance of structure, etc.

10. Insurance and Liability: Insurance requirements and allocation of risks between parties

11. Termination: Grounds for termination, notice requirements, and consequences of termination

12. Governing Law and Jurisdiction: Confirmation of Malaysian law application and jurisdiction for disputes

Optional Sections

1. Security Deposit: Terms for security deposit if required, including amount, holding terms, and return conditions

2. Utilities and Outgoings: Include if licensee is responsible for any utility payments or other outgoings

3. Alterations and Improvements: Include if licensee is permitted to make changes to the property

4. Assignment and Sublicensing: Include if there's potential for transfer of rights or sublicensing

5. Force Majeure: Include for protection against unforeseen circumstances preventing performance

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

7. Foreign Investment Compliance: Include if licensee is a foreign entity requiring compliance with Malaysian foreign investment laws

8. Property Management Rules: Include for properties within managed developments or complexes

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the licensed property including address, lot number, and boundaries

2. Schedule 2 - Plan of Licensed Area: Floor plans or site plans showing the specific licensed areas

3. Schedule 3 - License Fee Schedule: Detailed breakdown of license fees, payment dates, and review mechanisms

4. Schedule 4 - Condition Report: Initial condition of the property with photographs and descriptions

5. Schedule 5 - Permitted Use: Detailed description of allowed activities and use restrictions

6. Schedule 6 - House Rules: If applicable, rules and regulations for property use

7. Appendix A - Required Approvals: Copies of necessary permits, approvals, or certifications

8. Appendix B - Insurance Requirements: Detailed insurance specifications and coverage requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























Clauses



























Relevant Industries

Real Estate

Commercial Property

Retail

Education

Healthcare

Hospitality

Industrial

Religious Institutions

Non-Profit

Technology

Manufacturing

Warehousing

Co-working Spaces

Entertainment

Sports and Recreation

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Corporate Services

Compliance

Property Management

Asset Management

Business Development

Administration

Relevant Roles

Property Manager

Real Estate Director

Facilities Manager

Legal Counsel

Corporate Lawyer

Business Development Manager

Operations Manager

Chief Operating Officer

Real Estate Agent

Property Administrator

Compliance Officer

Contract Manager

Real Estate Investment Manager

Asset Manager

Space Planning Manager

Corporate Services Director

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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