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1. Parties: Identification of the landlord and tenant with full legal names and addresses
2. Background: Context of the lease arrangement and brief description of the property
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Formal grant of the lease, specifying the property and term
5. Term and Possession: Duration of lease, commencement date, and possession details
6. Rent and Payment Terms: Rent amount, payment schedule, and method of payment
7. Rent Review: Mechanism and timing for periodic rent reviews
8. Security Deposit: Amount, payment terms, and conditions for return of security deposit
9. Tenant's Covenants: Tenant's obligations including maintenance, repairs, and permitted use
10. Landlord's Covenants: Landlord's obligations including structural repairs and insurance
11. Insurance: Required insurance coverage and responsibilities
12. Assignment and Subletting: Restrictions and conditions for transfer of lease rights
13. Termination: Grounds and procedures for early termination
14. Yielding Up: Conditions for returning the property at lease end
15. Notices: Process for serving formal notices between parties
16. Governing Law: Specification of Hong Kong law and jurisdiction
1. Break Clause: Optional provision allowing early termination under specific conditions
2. Fit-out Works: Include when tenant is permitted to conduct initial renovations
3. Service Charge: Required for properties in managed buildings with shared facilities
4. Green Lease Provisions: Environmental and sustainability requirements, increasingly common in commercial leases
5. Parking: Include when parking spaces are part of the lease
6. Signage Rights: Important for commercial properties requiring external signage
7. Option to Renew: Terms for extending the lease beyond the initial term
8. Exclusive Use: For commercial properties requiring protection from competing businesses
1. Schedule 1 - Property Description: Detailed description of the leased property including floor plans and boundaries
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and review dates
3. Schedule 3 - Condition Report: Initial condition of the property with photographs
4. Schedule 4 - Building Rules and Regulations: Specific rules applicable to the building or development
5. Schedule 5 - Permitted Alterations: List of allowed modifications to the property
6. Schedule 6 - Service Charge Details: Breakdown of service charge calculations and included services
7. Appendix A - Plans and Drawings: Floor plans, location maps, and relevant drawings
8. Appendix B - Handover Inventory: List of fixtures, fittings, and equipment included in the lease
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