This Lease For Residential Property is essential for formalizing residential tenancy arrangements in Hong Kong's dynamic property market. It serves as a legally binding agreement between landlords and tenants, incorporating mandatory provisions under Hong Kong law while addressing practical aspects of residential letting. The document is designed for use in both individual and corporate leasing scenarios, covering everything from basic rental terms to specific requirements under Hong Kong's property regulations. It includes provisions for security deposits, utilities, maintenance responsibilities, and building management requirements, while ensuring compliance with the Landlord and Tenant (Consolidation) Ordinance and other relevant Hong Kong legislation. The agreement is particularly important given Hong Kong's unique property market characteristics and high-density residential environment.
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1. Parties: Identification of the landlord and tenant with full legal names and Hong Kong ID/passport numbers
2. Background: Brief context explaining the intention to create a residential tenancy
3. Definitions: Key terms used throughout the agreement including 'Premises', 'Term', 'Rent', and 'Security Deposit'
4. Demise: Formal grant of the lease and precise description of the property being leased
5. Term: Duration of the lease, including start and end dates, and any option to renew
6. Rent and Payment Terms: Rental amount, payment schedule, payment method, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for refund, and permissible deductions
8. Utilities and Other Charges: Responsibility for utilities, management fees, government rates, and other charges
9. Use of Premises: Permitted use as residential property and restrictions on use
10. Tenant's Obligations: Core responsibilities including maintenance, repairs, alterations, and conduct
11. Landlord's Obligations: Essential obligations including structural repairs and quiet enjoyment
12. Insurance: Requirements for insurance coverage by both parties
13. Termination: Grounds for termination, notice requirements, and consequences
14. Handback: Conditions for returning the property and handling of tenant improvements
15. Notices: Process for serving formal notices between parties
16. Governing Law: Confirmation of Hong Kong law as governing law
1. Furniture and Fittings: Details of furnished properties, including inventory and maintenance responsibilities
2. Special Facilities: Access and usage rules for facilities like parking, swimming pool, or gym
3. Pet Clause: Terms allowing or prohibiting pets, including any conditions or additional deposits
4. Break Clause: Early termination options and conditions
5. Sub-letting: Terms permitting or prohibiting sub-letting or assignment
6. Stamp Duty Arrangement: Agreement on who bears the stamp duty cost and registration responsibilities
7. Property Agent: Details of property agent involvement and commission arrangements
1. Schedule 1 - Property Details: Detailed description of the property including floor plan and boundaries
2. Schedule 2 - Inventory List: Comprehensive list of furniture, appliances, and fittings if furnished
3. Schedule 3 - House Rules: Building management rules and regulations
4. Schedule 4 - Condition Report: Initial condition of the property with photographs
5. Schedule 5 - Special Conditions: Any unique terms or conditions specific to this tenancy
6. Appendix A - Handover Form: Template for property handover inspection
7. Appendix B - Utilities Transfer Form: Templates for utilities account transfer
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Property
Legal Services
Property Investment
Corporate Housing
Relocation Services
Property Insurance
Professional Services
Relevant Teams
Legal
Real Estate
Property Management
Facilities Management
Corporate Services
Compliance
Administrative Services
Operations
Risk Management
Human Resources
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Housing Officer
Facilities Manager
Relocation Specialist
Leasing Manager
Property Administrator
Compliance Officer
Corporate Housing Manager
Real Estate Investment Manager
Tenant Relations Manager
Building Manager
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