Importance of Tenancy Agreement & Stamping
Tenancy agreement is a printed document that states all the terms and conditions which the tenants and landlords have agreed upon before the tenant moves in.
It is very crucial for property leasing in order to protect the landlords and tenants. For example, by clearly stating that the tenant is responsible for all payable charges, such as water, electricity and sewerage charge, the landlord is then absolved of bearing any legal responsibility regarding payable charges.
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For your info, the agreement must be stamped by LHDN for it to be legal in court. And paying stamp duty is the final step in signing tenancy agreement.
Normally, there are two copies of tenancy agreement (one copy for landlord and another one for tenant) and both of the copies have to be stamped in order to make it legal. You can get it done at Malaysia Inland Revenue Authority, also known as “Lembaga Hasil Dalam Negeri Malaysia”, LHDN Malaysia.
To calculate how much you need to pay for stamping your tenancy agreement, fill in your monthly rental and lease period in the calculator below.
How the Stamping Fee is Calculated
Don’t worry, calculating tenancy agreement stamp duty is pretty easy. You can find out the formula in our article here.