Document background
The Terminate The Lease Agreement is a crucial legal document used in Malaysia when parties wish to formally end their lease arrangement before or at the natural conclusion of the tenancy. This document is essential in both residential and commercial contexts, providing a clear framework for lease termination while ensuring compliance with Malaysian property laws, particularly the National Land Code 1965 and Contracts Act 1950. It is typically used when both parties mutually agree to end the lease, or when one party exercises their right to terminate under the original lease terms. The agreement includes critical provisions for property handover, security deposit return, settlement of outstanding payments, and release of future obligations, helping prevent potential disputes and ensuring a smooth transition of property possession.
