What is Residential Tenancy Act Malaysia?
The proposed Residential Tenancy Act (RTA) by the Ministry of Housing and Local Government (KPKT) will change the rental market in Malaysia.
There is no specific legal framework for landlords and tenants in Malaysia now.
The Objectives of RTA are to :
protect homeowners’ and tenants’ rights.
prepare a uniform template for the residential tenancy agreement.
establish a tribunal to resolve disputes between homeowners and tenants.
set a notice period for tenants to move out.
Security and Utility Deposits
An RTA proposes a two-month deposit and a one-month utility deposit.
An RTA proposes deposits to be “parked” with a government agency.
This is to ensure that the authorities would be able to address any conflict between landlords and tenants later on.
In the event that no other expenses have been incurred, the security deposit would then be returned to the tenant once the tenancy agreement expires.
Why park the deposits received with a government agency?
How long will the agency refund the deposit upon termination/expiration of tenancy period?
Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
KTP (Audit, Tax, Advisory)
An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients
THK (Secretarial, Bookkeeping, Payroll, Advisory)
A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsourcing bookkeeping, and payroll services to clients
An internal community for our colleagues on work and leisure.
An external job community on vacancies in Johor Bahru for interns, graduates & experienced candidates.
Published : 23-May-2022