A Revised Lease Agreement is essential when parties need to modify terms of an existing lease while maintaining the basic landlord-tenant relationship under Hong Kong law. This document type is commonly used when circumstances require changes to rent, tenure, or other substantial terms without creating an entirely new lease. The agreement must comply with Hong Kong's property laws, particularly the Landlord and Tenant (Consolidation) Ordinance, and requires proper stamping under the Stamp Duty Ordinance. It's crucial for documenting amendments clearly while preserving unmodified terms of the original lease, ensuring legal certainty for all parties involved. This document is particularly relevant in dynamic market conditions where lease terms need adjustment, or when both parties agree to modify specific provisions of their existing arrangement.
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1. Parties: Identification of the Landlord and Tenant, including their full legal names, addresses, and company registration numbers if applicable
2. Background: Details of the original lease agreement, including its date, parties, and key terms, and the reason for this revision
3. Definitions: Definitions of key terms used in the agreement, including any new terms introduced in the revision
4. Amendments to Original Lease: Specific clauses being modified, added, or deleted from the original lease, clearly referenced by clause number
5. Confirmation of Other Terms: Confirmation that all other terms of the original lease remain unchanged and in full force and effect
6. Rent and Payment Terms: Updated rental amount, payment schedule, and any modifications to payment methods
7. Term: Revised lease duration, including start date and end date of the modified agreement
8. Security Deposit: Any changes to the security deposit arrangement
9. Execution: Signature blocks for all parties and witnessing requirements
1. Break Clause: Optional provision allowing early termination under specific conditions - include if requested by either party
2. Renovation and Alterations: Include if the revision involves permissions for specific modifications to the premises
3. Assignment and Subletting: Include if there are changes to the tenant's rights to assign or sublet
4. Green Lease Provisions: Environmental and sustainability obligations - include if parties agree to incorporate sustainable practices
5. Covid-19 or Force Majeure Provisions: Special provisions for pandemic or other force majeure events - include if specifically requested
6. Building Management: Include if there are changes to building management rules or responsibilities
7. Utilities and Services: Include if there are changes to responsibility for utilities or service charges
1. Schedule 1 - Original Lease: Copy of the original lease agreement being revised
2. Schedule 2 - Premises Plan: Updated floor plan or description of the leased premises if any changes
3. Schedule 3 - Inventory: Updated list of fixtures, fittings, and furniture if provided by landlord
4. Schedule 4 - Building Rules: Updated building rules and regulations if applicable
5. Schedule 5 - Service Charges: Breakdown of any revised service charges or management fees
6. Appendix A - Condition Report: Updated condition report of the premises if required
7. Appendix B - Special Conditions: Any special or additional conditions specific to this revision
Authors
Relevant legal definitions
Clauses
Relevant Industries
Commercial Real Estate
Residential Real Estate
Retail
Industrial
Office Space
Hospitality
Healthcare
Education
Logistics
Manufacturing
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Asset Management
Administrative Services
Risk Management
Relevant Roles
Property Manager
Real Estate Director
Legal Counsel
Facilities Manager
Asset Manager
Leasing Manager
Operations Director
Commercial Director
Finance Manager
Compliance Officer
Property Administrator
Real Estate Investment Manager
Building Manager
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