If you are a tenant in Malaysia, it is essential to have a tenancy agreement in place. This legal document outlines the terms and conditions of your tenancy, including your obligations as a tenant and the responsibilities of the landlord. Additionally, the tenancy agreement provides protection and security for both parties in case of any disputes.
Stamping your tenancy agreement is a crucial step in ensuring its legality and validity. Here`s a step-by-step guide on how to stamp your tenancy agreement in Malaysia:
Step 1: Obtain the Original Copy of the Tenancy Agreement
You need to have the original copy of the tenancy agreement to get it stamped. Ensure that the agreement is typed and printed in black ink to avoid any confusion or issues during the stamping process.
Step 2: Prepare the Documents for Stamping
Before heading to the stamp office, ensure you have all the necessary documents required for stamping. You will need to have your Identification Card (IC), passport, or any other identification document that can verify your identity.
Step 3: Head to the Nearest Stamp Office
There are various stamp offices throughout Malaysia. You can find the nearest office by checking online or asking around. When visiting the stamp office, make sure you have your original tenancy agreement and identification documents.
Step 4: Pay the Stamp Duty
You will need to pay the stamp duty fee before your tenancy agreement can be stamped. The stamp duty fee varies according to the rental amount and the duration of your tenancy agreement.
For tenancy agreements with a rental amount of up to RM 2,500 and a duration of less than three years, the stamp duty fee is RM 1. For tenancy agreements with a rental amount between RM 2,500 to RM 5,000 and a duration of less than three years, the stamp duty fee is RM 2.
Step 5: Stamp the Tenancy Agreement
Once you`ve paid the stamp duty fee, the stamp office will stamp your tenancy agreement with an official stamp. The stamp shows that the stamp duty fee has been paid and the tenancy agreement is now legally binding.
Step 6: Keep the Stamped Copy
After the stamping process is complete, ensure you keep the stamped copy of the tenancy agreement in a safe place. This stamped copy serves as proof of payment for stamp duty and the legality of the tenancy agreement.
In conclusion, stamping your tenancy agreement is a vital step in ensuring its legality and validity. It provides protection and security for both parties and is a legal requirement in Malaysia. Follow the steps outlined above to get your tenancy agreement stamped and enjoy a smooth tenancy experience.