The Property License Agreement is essential for situations requiring flexible property use arrangements in Hong Kong. This document type is particularly relevant when parties seek to establish temporary occupancy rights without the complexities of a full lease agreement. The Licence Agreement Property format is commonly used for short-term arrangements, pop-up stores, shared workspaces, or temporary facilities, providing a more flexible alternative to traditional leases while still maintaining legal protections for all parties. It must comply with Hong Kong's property laws and regulations, including the Conveyancing and Property Ordinance and related legislation. The agreement typically includes specific terms about property access, usage limitations, payment structures, and termination rights, while considering Hong Kong's unique property market characteristics and legal requirements.
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1. Parties: Identification of the licensor and licensee with full legal names and addresses
2. Background: Context of the agreement and brief description of the property and intended use
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Specific terms of the license grant, including property description and permitted use
5. License Period: Duration of the license, including commencement date and any renewal options
6. License Fee: Amount, payment schedule, and payment methods for the license fee
7. Security Deposit: Details of security deposit amount, payment, and conditions for return
8. Utilities and Outgoings: Responsibility for utilities, maintenance fees, and other operating costs
9. Licensee's Obligations: Specific responsibilities and restrictions on the licensee's use of the property
10. Licensor's Obligations: Licensor's commitments regarding property maintenance and access
11. Insurance: Required insurance coverage and responsibilities of each party
12. Default and Termination: Circumstances allowing termination and consequences of default
13. Reinstatement: Requirements for property condition upon license termination
14. Notices: Process and addresses for formal communications between parties
15. General Provisions: Standard contractual provisions including governing law, assignment, and entire agreement
1. Fit-Out Works: Include when licensee is permitted to make alterations or improvements
2. Shared Facilities: Include when license includes use of common areas or shared amenities
3. Operating Hours: Include for commercial properties with specific access time restrictions
4. Property Management: Include when property is subject to building management regulations
5. Sublicensing: Include if sublicensing is permitted under specific conditions
6. Environmental Compliance: Include for properties requiring specific environmental considerations
7. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
8. Break Clause: Include when early termination options are to be provided
1. Schedule 1 - Property Details: Detailed description of licensed property including floor plans and boundaries
2. Schedule 2 - License Fee Schedule: Detailed breakdown of license fees, payment dates, and escalation provisions
3. Schedule 3 - Permitted Use: Specific details of allowed activities and use restrictions
4. Schedule 4 - Property Rules and Regulations: Building rules, access procedures, and operational guidelines
5. Schedule 5 - Condition Report: Initial condition of property including photographs and inventory
6. Schedule 6 - Fit-Out Specifications: Technical requirements and specifications for any permitted alterations
7. Appendix A - Plans and Drawings: Floor plans, location maps, and relevant technical drawings
8. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Retail
Office Space
Industrial
Hospitality
Education
Healthcare
Coworking Space
Entertainment
Food and Beverage
Warehousing
Technology
Professional Services
Relevant Teams
Legal
Real Estate
Operations
Facilities Management
Finance
Compliance
Risk Management
Property Administration
Business Development
Asset Management
Relevant Roles
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Property Lawyer
Operations Director
Business Development Manager
Asset Manager
Compliance Officer
Real Estate Agent
Property Administrator
Commercial Director
Chief Operating Officer
Risk Manager
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