A warehouse tenancy agreement is a legal document that outlines the terms and conditions between a landlord and a tenant for the rental of a warehouse. This agreement serves as a vital tool for both parties to establish clear expectations and responsibilities for the duration of the tenancy.
In Malaysia, there are specific guidelines and regulations that govern the renting of a warehouse. Therefore, having a detailed and comprehensive warehouse tenancy agreement is crucial to ensure that everything is in compliance with the laws.
In this article, we will provide you with a sample warehouse tenancy agreement Malaysia that can be used as a reference when drafting your own agreement.
This section of the agreement identifies the parties involved in the tenancy. It should include the name, address, and contact details of the landlord and the tenant.
This section outlines the rental terms of the warehouse. It includes the agreed rental amount, payment terms, late payment fees, and security deposit.
Duration of Tenancy
Specify the duration of the tenancy and the exact date when the tenant will take possession of the warehouse. This section should also state the termination clauses and the notice period required for either party to terminate the agreement.
Maintenance and Repairs
This section outlines the responsibilities of both the landlord and the tenant concerning the maintenance and repairs of the warehouse. It also includes the procedures for the tenant to report any damages or maintenance issues.
Use of the Warehouse
Specify the permitted use of the warehouse, including any restrictions on the type of goods that can be stored. This section also includes any implications or consequences of violating the permitted use clause.
Security and Safety
This section outlines the security and safety protocols in place for the warehouse, including the measures the tenant must take to ensure the safety of the warehouse and its contents.
Specify the insurance coverage requirements for the tenant and the landlord and who is responsible for obtaining and maintaining insurance coverage.
A well-drafted warehouse tenancy agreement is essential to ensure a smooth tenancy period. It protects both the landlord and the tenant`s interests and helps avoid any potential conflicts or disputes. Use this sample warehouse tenancy agreement Malaysia as a reference when drafting your own agreement to ensure you are following the necessary legal requirements.