Document background
A Lease Release Letter is a crucial document used when both parties agree to terminate a lease agreement prematurely. This document, governed by Hong Kong property law, provides legal protection for both landlord and tenant by clearly documenting the terms of the lease termination. The letter typically includes reference to the original lease, confirmation of the termination date, arrangements for security deposit return, and mutual release from future obligations. It's particularly important in Hong Kong's dynamic property market where early lease terminations are common due to business relocations, residential moves, or other circumstances. The document ensures compliance with local regulations while providing a clear record of the agreed termination terms.
