Shoplot Tenancy Agreement

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Shoplot Tenancy Agreement

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hanhanhan	Oct 31 2017, 03:43 PM Return to original view \| Post #1
(͡ ͡° ͜ つ ͡͡°) Senior Member 1,203 posts Joined: Oct 2006 From: Kuala Lumpur	» Click to show Spoiler - click again to hide... « QUOTE(nookie188 @ Oct 31 2017, 12:18 PM) FYI, residential TAs do provide for one month notice period so don't be silly ..am referring to TAs in general its up to the signing parties to know what they are signing - how sure are you that it wasn't the landlord who drafted the agreement in the first place.. there are no 'general clauses' such as 1 month notice for residential TA. in fact there are no 'standard TA' terms and conditions. its up to both landlord n tenant to decide before signing. those who will usually get caught is either one or both parties 'think' that everything is standard in TA and proceed to sign without reading, then once issues turn up things will start to get messy.
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hanhanhan	Oct 31 2017, 03:46 PM Return to original view \| Post #2
(͡ ͡° ͜ つ ͡͡°) Senior Member 1,203 posts Joined: Oct 2006 From: Kuala Lumpur	» Click to show Spoiler - click again to hide... « QUOTE(Alidavidsun @ Oct 26 2017, 10:53 PM) I rented a shoplot for retail business and after about 6 months every month is just losing money. The total sales is unable to cover the rental and employee salary. So we decided to close the business. However after informing the landlord that we want to stop the rental, the landlord showed us that there was a clause saying we have to pay for the rest of the tenure if we choose to terminate the agreement early. I admit it's my bad for not reading the agreement carefully before signing it. Now they insist we have to pay the rest of the 2 year tenure or get a new tenant. Anyone experienced this before? What's the solution? back to TS issue:- you need to either 1. nego with landlord for settlement; or 2. find a new tenant to replace; or 3. just pack and leave (and see if landlord want to sue you in court for remaining unexpired term) i dont see any other way out of it.
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