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License To Use Property Agreement

License To Use Property Agreement Template for Malaysia

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Key Requirements PROMPT example:

License To Use Property Agreement

"I need a License To Use Property Agreement for allowing a technology company to install and maintain telecommunications equipment on the rooftop of my commercial building in Kuala Lumpur, with the license term starting from March 1, 2025, for an initial period of 3 years."

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Document background
The License To Use Property Agreement serves as a crucial legal instrument in Malaysian property transactions, providing a structured framework for temporary property usage rights without transferring ownership. This document is essential when a property owner wishes to grant another party the right to use their property for specific purposes while retaining ownership and control. It's commonly used in commercial, industrial, and educational contexts, and must comply with Malaysian property law, the Contracts Act 1950, and relevant local authority regulations. The agreement typically includes detailed terms about property usage, maintenance responsibilities, fee structures, and compliance requirements, making it suitable for various business arrangements from office space usage to equipment placement.
Suggested Sections

1. Parties: Identification and details of the Licensor and Licensee

2. Background: Context of the agreement and brief description of the property and intended use

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

4. Grant of License: Specific terms of the license grant, including scope and nature of permitted use

5. Term and Renewal: Duration of the license and any renewal provisions

6. License Fee: Payment terms, amounts, and payment schedule

7. Use of Property: Specific conditions and restrictions on property usage

8. Maintenance and Repairs: Responsibilities for maintaining and repairing the property

9. Utilities and Outgoings: Responsibility for utility payments and other ongoing costs

10. Compliance with Laws: Obligation to comply with relevant laws and regulations

11. Termination: Circumstances and procedures for termination of the license

12. Assignment and Sublicensing: Restrictions on transfer of rights or sublicensing

13. Notices: Process for formal communications between parties

14. Governing Law: Specification of Malaysian law as governing law and jurisdiction

15. Execution: Signature blocks and execution formalities

Optional Sections

1. Insurance: Required when specific insurance coverage needs to be maintained by either party

2. Security Deposit: Include when a security deposit is required from the licensee

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

4. Environmental Matters: Required for properties where environmental compliance is significant

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

6. Intellectual Property: Include when the licensed property includes or involves IP rights

7. Confidentiality: Required when sensitive information will be shared between parties

8. Dispute Resolution: Include when specific dispute resolution procedures are required beyond court jurisdiction

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the licensed property including location, boundaries, and features

2. Schedule 2 - Permitted Use: Detailed specifications of allowed uses and activities

3. Schedule 3 - License Fee Structure: Detailed breakdown of fees, payment schedules, and calculation methods

4. Schedule 4 - Maintenance Schedule: Detailed maintenance responsibilities and schedules

5. Schedule 5 - Property Rules and Regulations: Specific rules governing the use of the property

6. Schedule 6 - Condition Report: Initial condition of the property at time of license commencement

7. Schedule 7 - Required Approvals and Permits: List of necessary approvals and permits for property use

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

Commercial Property

Retail

Education

Healthcare

Manufacturing

Hospitality

Technology

Logistics

Agriculture

Entertainment

Professional Services

Industrial

Research and Development

Relevant Teams

Legal

Operations

Facilities Management

Real Estate

Administration

Compliance

Risk Management

Property Management

Business Development

Asset Management

Procurement

Finance

Relevant Roles

Property Manager

Facilities Manager

Legal Counsel

Real Estate Manager

Operations Director

Business Development Manager

Contract Administrator

Compliance Officer

Asset Manager

Commercial Director

General Manager

Risk Manager

Administrative Manager

Property Development Manager

Leasing Manager

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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