Document background
A License Agreement For Use Of Real Property is a crucial document in Hong Kong's property market, offering a flexible alternative to traditional leases. This agreement type is particularly suitable when temporary or non-exclusive use of property is required, such as for pop-up stores, event spaces, or shared facilities. It maintains the property owner's fundamental control while granting specific usage rights to the licensee. The document must comply with Hong Kong's property laws and regulations, including the Conveyancing and Property Ordinance and relevant common law principles. It typically includes detailed terms about permitted use, duration, fees, maintenance responsibilities, and termination rights, while carefully avoiding creating a landlord-tenant relationship. This agreement type is commonly used in commercial contexts where full leasehold rights are unnecessary or undesirable.
