KUALA LUMPUR, Oct 7 (Bernama) -- A special rental rate of RM1 a month has been set for places of worship and capital-aided schools occupying reserve land under the Railway Assets Corporation (RAC), effective Oct 1.
General : RAC Sets RM1 Monthly Rent For Places Of Worship, Capital-aided Schools
RAC, rental, places of worship, schools, Anthony L
BE Bernama 
Key points
- Transport Minister Anthony Loke said the standardised rate replaced the various rental rates previously imposed, benefiting 53 existing tenants comprising 49 places of worship and four schools.
- He said the RM1 monthly rate, rather than allowing the tenants to occupy the land rent-free, was intended to ensure that the places of worship and schools remained lawful tenants while providing them with greater certainty and protection.
- On the terms of the tenancy agreement, Loke said the initial rental period would be three years, with two options to extend it for a further three years each (3+3+3), allowing tenants to enjoy the RM1 monthly rate for a maximum of nine years.
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- Bernama General : RAC Sets RM1 Monthly Rent For Places Of Worship, Capital-aided Schools (this story)
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