Malaysia has not adopted specific legislation regulating leases; Therefore, there is no single form for rental contracts and the content of these contracts is in any case left to the decision of the lessor and the tenant. Renting a property is an uninhibited transaction, see says. Frequent disputes are usually over the lease. Q: What documents are required for the lease? To calculate the amount you need to pay for the stamp of your rental agreement, enter your monthly rental and rental period in the computer below. The calculation is easier here. In the previous example of RM1,700 per month`s rent, the management fee is RM150. Therefore, for a lease of one year or less, the total amount to be paid (stamp duty and administrative fees): (RM82 + RM150) = RM232. Q: What kind of information should I add to the lease? Rental contracts are only mandatory after the stamp of the stamper and the stamp is usually made by the lessor. Stamp duty is paid on the basis of the annual rent. RM10 must be added for a double copy. Please note that the tenant will normally keep the original stamped copy.
In this case, the lessor retains the original agreement with a stamp value of RM220.80 during the duplicate copy of a value of RM10. Section 33: The cost of making stamp duty available in due form shall be borne by the person mentioned in the second column of this list in the case of the instruments described in the first column of the third annex; We have also provided an estimate of rental fees and stamp duty based on monthly rent: in addition, rental contracts can be concluded either orally or in writing. Oral leases are informal and less advisable, as disputes arising are more difficult to resolve. Note: The above computer only applies to attorneys` fees and/or stamp duty relating to the main document. As a rule, other fees and charges must be paid, such as for example. B lawyers` fees for ancillary documents, GST and other payments (fees). . . .