If you`re a tenant or landlord in Malaysia, you may be wondering how you can stamp your tenancy agreement online. Fortunately, the process is relatively straightforward. Here are the steps you need to follow:
Step 1: Prepare your tenancy agreement
The first step is to prepare your tenancy agreement. This is a legal document that outlines the terms and conditions of the tenancy. It should include details such as the rental amount, the duration of the tenancy, and any special clauses or conditions. You can use a template or create your agreement from scratch.
Step 2: Upload your tenancy agreement to the e-stamping system
Once you`ve prepared your tenancy agreement, you`ll need to upload it to the e-stamping system. This is an online platform run by the Malaysian government that allows you to stamp your documents digitally. To access the system, you`ll need to register for an account and provide some basic information. You`ll then be able to log in and upload your tenancy agreement.
Step 3: Pay the stamp duty
After you`ve uploaded your tenancy agreement, you`ll need to pay the stamp duty. This is a fee that helps to cover the cost of administering the e-stamping system. The amount you`ll need to pay depends on the rental amount and the duration of the tenancy. You can use an online calculator to estimate the cost.
Step 4: Stamp your tenancy agreement
Once you`ve paid the stamp duty, you`ll be able to stamp your tenancy agreement. This involves generating a digital stamp certificate that confirms the document has been legally stamped. You`ll need to print this certificate and attach it to your tenancy agreement.
Step 5: Keep a copy of the stamped tenancy agreement
Finally, make sure you keep a copy of the stamped tenancy agreement for your records. This is an important legal document that you may need to refer to in the future. You should also provide a copy to your tenant or landlord.
In conclusion, stamping your tenancy agreement online in Malaysia is a simple and convenient process. By following the steps outlined above, you can ensure that your tenancy agreement is legally valid and enforceable. So if you`re a tenant or landlord, don`t hesitate to use the e-stamping system to stamp your tenancy agreement today.