The Simple Commercial Rental Agreement is designed for use in Hong Kong's dynamic commercial property market, where businesses frequently require formal documentation of their lease arrangements. This document serves as a foundational agreement between landlords and commercial tenants, incorporating essential provisions required under Hong Kong law while maintaining accessibility and clarity. It is particularly suitable for straightforward commercial letting arrangements where parties seek to document their rental relationship without overly complex terms. The agreement includes standard provisions for rent, security deposits, maintenance obligations, and permitted use of the premises, while ensuring compliance with local regulations and market practices. This template is structured to accommodate various commercial purposes while remaining sufficiently flexible to address specific requirements of different business sectors operating in Hong Kong.
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1. Parties: Identification of the landlord and tenant, including full legal names, registration numbers for companies, and addresses
2. Background: Brief context of the agreement and property letting
3. Definitions: Key terms used throughout the agreement
4. Demise: Specific details of the property being leased and any included facilities or equipment
5. Term and Possession: Duration of the lease, commencement date, and possession details
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for return, and permitted deductions
8. Rates, Taxes and Outgoings: Responsibility for government rates, taxes, management fees, and utilities
9. Use of Premises: Permitted use of the property and any restrictions
10. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance, repairs, and alterations
11. Insurance: Required insurance coverage for both parties
12. Assignment and Subletting: Restrictions and conditions for transferring or subletting the premises
13. Landlord's Covenants: Obligations and warranties of the landlord
14. Tenant's Covenants: Obligations and warranties of the tenant
15. Termination: Conditions for early termination and consequences
16. Notices: Process for serving notices between parties
17. Governing Law: Specification 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. Rent Review: Mechanism for reviewing and adjusting rent during the term, if applicable
3. Option to Renew: Terms for lease renewal at the end of the initial term
4. Fitting Out Works: Provisions for initial renovation or fitting out of the premises
5. Car Parking: Terms relating to car parking facilities if included
6. Building Management: Specific provisions relating to building management rules and regulations
7. Force Majeure: Provisions for unforeseen circumstances preventing performance of obligations
8. Guarantee: Where a guarantor is required for the tenant's obligations
1. Schedule 1 - Property Description: Detailed description of the premises including floor plans and measurements
2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the lease
3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates
4. Schedule 4 - Building Rules and Regulations: Specific rules and regulations governing the use of the building
5. Schedule 5 - Condition Report: Initial condition of the premises at commencement of lease
6. Schedule 6 - Permitted Alterations: Specific alterations permitted to be carried out by the tenant
7. Appendix A - Plans and Drawings: Floor plans, location plans, and any relevant drawings
8. Appendix B - Forms and Notices: Standard forms for various notices required under the lease
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Retail
Food and Beverage
Professional Services
Financial Services
Technology
Healthcare
Education
Manufacturing
Logistics
Entertainment
Hospitality
Construction
Legal Services
Consulting
Relevant Teams
Legal
Operations
Finance
Facilities Management
Real Estate
Administration
Procurement
Risk and Compliance
Property Management
Business Development
Relevant Roles
Property Manager
Facilities Manager
Real Estate Manager
Business Owner
Chief Executive Officer
Chief Financial Officer
Operations Manager
Legal Counsel
Company Secretary
Commercial Director
Procurement Manager
Asset Manager
Leasing Manager
Real Estate Agent
Property Administrator
Risk Manager
Compliance Officer
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