If you`re a tenant in Malaysia, you might be considering extending your tenancy agreement. Maybe you`re happy with your current rental unit, or perhaps you haven`t found another place to live yet. Whatever your reason, it`s essential to know how to extend your tenancy agreement correctly.
Firstly, you need to understand what a tenancy agreement is. A tenancy agreement is a legal document outlining the terms and conditions of your rental agreement between you and your landlord. It includes details such as the monthly rent, the duration of the rental term, and the responsibilities of both parties.
To extend your tenancy agreement, you will need to negotiate with your landlord. It`s vital to communicate with them early on, letting them know that you`re interested in renewing your lease. You can do this by sending an email or calling them directly. It`s always better to start the conversation at least three months before your current tenancy agreement expires.
Your landlord may have their own agreement extension form, but you can also find sample templates online. Ensure that you choose a reliable and trustworthy source for the sample extension of tenancy agreement to ensure it adheres to the laws in Malaysia.
Carefully review the existing tenancy agreement and pay attention to the terms and conditions outlined. You may find that there are clauses that require you to give advance notice before extending your lease or any increases in rental fees.
It`s also critical to review any changes that you want to discuss with your landlord before extending the lease. For example, you may want to request new conditions such as including a pet policy or changing the rental fee. In doing so, you need to understand that your landlord has the final say on any changes and that they may reject them entirely.
Once you and your landlord have agreed to the terms of the extension, ensure that everything you`ve discussed is clearly written in the extension agreement. Having a written record ensures that there are no misunderstandings or miscommunications between the tenant and the landlord, and protects both parties` rights.
In conclusion, extending your tenancy agreement is a straightforward process that requires communication with your landlord and a clear understanding of the existing rental agreement. Make sure to carefully review all the details and any changes you want to propose before coming to an agreement with your landlord. Use a reliable sample extension of tenancy agreement that adheres to the Malaysian laws, and ensure that everything you`ve agreed upon is written down in the extension agreement for both parties` protection.