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Land Tenancy Agreement
"I need a Land Tenancy Agreement for a commercial restaurant space in Causeway Bay, Hong Kong, starting March 1, 2025, with specific provisions for kitchen equipment installation and renovation works, plus an option to renew for an additional 3-year term."
1. Parties: Identification of the landlord and tenant with full legal names and addresses
2. Background: Brief context of the agreement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Details of the property being leased and the term of the tenancy
5. Rent and Payment Terms: Rent amount, payment schedule, and method of payment
6. Deposit: Security deposit amount, terms of holding and return
7. Tenant's Covenants: Obligations of the tenant including maintenance, use restrictions, and compliance with regulations
8. Landlord's Covenants: Obligations of the landlord including quiet enjoyment and structural repairs
9. Utilities and Outgoings: Responsibility for utilities, management fees, and other charges
10. Insurance: Required insurance coverage and responsibilities
11. Termination: Conditions and procedures for early termination
12. Default and Remedies: Consequences of breach and available remedies
13. Notices: Method and addresses for serving notices
14. Governing Law: Confirmation of Hong Kong law as governing law
15. Execution: Signature blocks and execution formalities
1. Special Conditions: Additional terms specific to the property or circumstances
2. Renovation and Alterations: Include when tenant is permitted to make modifications to the property
3. Option to Renew: Include when granting tenant right to extend the lease term
4. Break Clause: Include when either party has right to terminate early under specific conditions
5. Car Parking: Include when parking spaces are part of the tenancy
6. Air-Conditioning: Include when central air-conditioning charges or maintenance is relevant
7. Subletting and Assignment: Include when tenant is given right to sublet or assign
8. Property Management: Include for properties in managed buildings with specific rules
1. Schedule 1 - Property Description: Detailed description of the premises including floor plan and fixtures
2. Schedule 2 - Inventory: List of furniture and fittings included in the tenancy
3. Schedule 3 - House Rules: Building management rules and regulations
4. Schedule 4 - Maintenance Schedule: Breakdown of maintenance responsibilities between landlord and tenant
5. Schedule 5 - Handover Condition: Condition report of the property at commencement
6. Appendix A - Floor Plan: Detailed floor plan of the premises
7. Appendix B - Photographs: Photographs documenting property condition at handover
Authors
Real Estate
Property Management
Residential Property
Commercial Property
Retail
Industrial
Hospitality
Office Space
Mixed-Use Development
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Property Management
Asset Management
Administration
Risk Management
Property Manager
Real Estate Agent
Facilities Manager
Legal Counsel
Property Lawyer
Asset Manager
Leasing Manager
Real Estate Director
Property Administrator
Compliance Officer
Finance Manager
Operations Manager
Building Manager
Real Estate Investment Manager
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