This 1 Year Tenancy Agreement is a fundamental legal document used in Hong Kong's residential property market for creating a binding lease arrangement between property owners and tenants. It is specifically designed to comply with Hong Kong's legal framework, particularly the Landlord and Tenant (Consolidation) Ordinance and related regulations. The agreement is suitable for both private residential properties and properties within managed buildings, incorporating provisions for security deposits, utilities, maintenance obligations, and building management requirements. It includes all necessary elements for stamp duty registration and provides clear terms for termination and property surrender. This document is commonly used by individual landlords, property management companies, and real estate agencies throughout Hong Kong.
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1. Parties: Identification and details of the landlord and tenant, including HKID/passport numbers and correspondence addresses
2. Background: Brief context setting out the ownership of the property and intention to create a tenancy
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: The formal grant of tenancy, specifying the property address and term of lease
5. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and details of security deposit
6. Utility Charges and Other Outgoings: Responsibility for utilities, management fees, government rates, and other charges
7. Tenant's Covenants: Tenant's obligations including maintenance, use restrictions, and conduct requirements
8. Landlord's Covenants: Landlord's obligations including quiet enjoyment and maintaining structural elements
9. Insurance: Requirements for insurance coverage by both parties
10. Termination: Circumstances and procedures for early termination and notice requirements
11. Surrender: Conditions and procedures for returning the property at the end of tenancy
12. Notices: How formal notices should be given between parties
13. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
1. Break Clause: Optional provision allowing either party to terminate the lease early under specified conditions
2. Renewal Option: Terms for extending the lease beyond the initial term
3. Special Conditions for Furnished Lettings: Additional terms when the property is let furnished
4. Pet Clause: Special conditions if pets are allowed in the property
5. Renovation/Decoration Clause: Terms governing any permitted alterations or improvements
6. Sub-letting Prohibition/Permission: Specific terms regarding sub-letting or sharing possession
7. Property Agent Clause: Terms relating to property agent involvement and commission
8. Car Parking Space: Terms relating to the use of any assigned parking space
1. Schedule 1 - Property Details: Detailed description of the property including floor area and boundaries
2. Schedule 2 - Inventory List: Detailed list of furniture, appliances and fixtures included in the tenancy
3. Schedule 3 - House Rules: Building management rules and regulations
4. Schedule 4 - Condition Report: Detailed report of property condition at commencement of tenancy
5. Schedule 5 - Special Conditions: Any additional terms or special conditions agreed between parties
6. Appendix A - Floor Plan: Floor plan of the property showing layout and dimensions
7. Appendix B - Photographs: Photographic evidence of property condition at commencement
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