The Renew Tenancy Agreement is a crucial document used in Hong Kong when parties wish to extend an existing tenancy arrangement. It's typically employed when the original lease term is approaching expiration and both parties agree to continue their landlord-tenant relationship. The document incorporates references to the original agreement while allowing for updates to rental rates, terms, and conditions to reflect current market conditions or changed circumstances. Under Hong Kong law, particularly the Landlord and Tenant (Consolidation) Ordinance, this renewal must be properly documented to ensure legal enforceability and protect both parties' interests. The document is essential for maintaining continuity in property occupancy while providing an opportunity to revise terms as needed, whether for residential or commercial properties.
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1. Parties: Identification of the landlord and tenant, including their full names, addresses, and any relevant registration numbers for companies
2. Background: Reference to the original tenancy agreement, its date, and brief description of parties' intention to renew
3. Definitions: Key terms used in the agreement, including any new definitions not in the original agreement
4. Renewal Term: Specific details of the renewal period, including start and end dates
5. Rent and Payment Terms: Updated rental amount, payment schedule, and method of payment
6. Security Deposit: Confirmation of existing deposit or requirements for additional deposit
7. Continuation of Original Terms: Statement confirming which terms from the original agreement remain in effect
8. Modified Terms: Clear statement of any terms that are being changed from the original agreement
9. Confirmation of Property Condition: Statement about the current condition of the property
10. Execution: Signature blocks and execution details for all parties
1. Break Clause: Optional provision allowing early termination under specific conditions - include when requested by either party
2. Rent Review: Mechanism for adjusting rent during the renewal term - include for longer renewal periods
3. Renovation/Alteration Rights: Terms for allowing modifications to the property - include if tenant requests renovation rights
4. Special Conditions: Any new specific requirements or conditions - include when parties have additional terms
5. Option for Further Renewal: Terms for additional future renewal - include when parties want to pre-agree future renewal options
6. Insurance Requirements: Updated insurance obligations - include if there are changes to insurance requirements
7. Utilities and Services: Modified arrangements for utilities - include if there are changes to utility responsibilities
1. Schedule 1 - Property Inventory: Updated inventory list of fixtures, fittings, and furniture
2. Schedule 2 - Property Rules and Regulations: Building or property management rules that apply to the tenancy
3. Schedule 3 - Modified Terms: Detailed list of specific changes from the original agreement
4. Schedule 4 - Maintenance Responsibilities: Detailed breakdown of landlord and tenant maintenance obligations
5. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement for reference
6. Appendix B - Property Photographs: Current dated photographs of the property condition
Relevant legal definitions
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Relevant Industries
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Office Space
Industrial
Hospitality
Professional Services
Banking and Finance
Relevant Teams
Legal
Real Estate
Facilities Management
Operations
Administration
Compliance
Finance
Property Management
Asset Management
Contract Management
Relevant Roles
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Leasing Manager
Asset Manager
Property Administrator
Compliance Officer
Real Estate Agent
Housing Officer
Contract Administrator
Operations Manager
Company Secretary
Chief Financial Officer
Real Estate Director
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