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The Monthly Lease Agreement is a crucial document used in Hong Kong's property rental market when parties seek flexibility in their rental arrangement through a rolling monthly term rather than a fixed lease period. This type of agreement is particularly suitable for situations requiring shorter commitment periods or where either party may need the option to terminate with minimal notice. The document comprehensively addresses all aspects of the landlord-tenant relationship under Hong Kong law, including rent, deposits, maintenance obligations, and termination rights. It incorporates requirements from the Landlord and Tenant (Consolidation) Ordinance and other relevant Hong Kong legislation, making it suitable for both residential and commercial properties while providing necessary legal protections for all parties involved.

1. Parties: Identification and details of the landlord and tenant, including HKID/passport numbers and correspondence addresses

2. Background: Brief context of the agreement and property ownership

3. Definitions: Key terms used throughout the agreement

4. Premises Details: Detailed description of the property, including address and property identification number

5. Term and Commencement: Duration of tenancy and start date, with specific provisions for monthly rolling terms

6. Rent and Payment Terms: Monthly rent amount, payment method, due date, and late payment consequences

7. Deposit: Security deposit amount, terms of holding and return conditions

8. Utilities and Charges: Responsibility for utilities, management fees, government rates, and other charges

9. Use of Premises: Permitted use of the property and occupancy restrictions

10. Maintenance and Repairs: Responsibilities of landlord and tenant for maintaining the property

11. Landlord's Obligations: Key responsibilities and warranties of the landlord

12. Tenant's Obligations: Key responsibilities and covenants of the tenant

13. Termination: Notice requirements and conditions for ending the tenancy

14. Default and Remedies: Consequences of breach and available remedies

15. Governing Law: Specification of Hong Kong law as governing law