Normally, there are two copies of the lease, one copy for the owners and one for the tenants. Both copies must be stamped by LHDN before moving to a new property. The Malaysia Inland Revenue Authority, also known as the « Lembaga Hasil Dalam Negeri Malaysia », LHDN Malaysia is where you can pay your stamp duty and perhaps get stamps on your leases. Second, the deposit: This is billed by the owner as a protection against any violation on your part. A deposit is usually the cost of two to three months` rent. Q: Can I renew the lease or should I re-lease if I want to renew my lease? Does the landlord or tenant have to pay the house rental contract legal fees? Who`s going to pay? In fact, it is best to hire a lawyer to prepare your lease, because we do not have the knowledge and the ability to write the right lease. For your information, there is a standardization regarding rental fees in Malaysia and here is the guide to your references. Subject to the terms of the tenancy agreement, the lessor may be allowed to ask the tenant for compensation for the repair of damaged furniture/fixations. There is no standard lease form. The landlord and tenant can include all the conditions in the tenancy agreement as long as it is legal and has been agreed by both parties.
The calculation here is simpler. As the previous example of the monthly rm1.700 rental, the administration fee is 150 RM. Therefore, the total amount to be paid for a lease of one year or less (stamp duty and administrative fees): (RM82 RM150) – RM232. Third, the supply deposit: it is billed by the owner to pay the unpaid electricity bills on the land. It is usually the cost of half a month`s rent. Bonds and pension deposits are paid at the signing of the lease. The rental or rental instrument, which provides an annual rent of RM2.400 at most, is tax-exempt and the presentation of these instruments in a punching point or a centre is not necessary.