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Rent Review Notice for Hong Kong

Rent Review Notice Template for Hong Kong

A Rent Review Notice is a formal document used in Hong Kong's property market to initiate the rent review process as specified in a lease agreement. Operating under Hong Kong's legal framework, particularly the Landlord and Tenant (Consolidation) Ordinance, this document serves as an official notification from one party (typically the landlord) to another (typically the tenant) regarding the intention to review and potentially adjust the rent. The notice must comply with specific timing requirements and content specifications as outlined in the original lease agreement and relevant Hong Kong legislation.

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What is a Rent Review Notice?

The Rent Review Notice is a critical document in Hong Kong's property leasing landscape, used when either party wishes to initiate a rent review process as permitted under the lease agreement. This document must be prepared and served in accordance with both the specific provisions of the lease and Hong Kong's legal requirements, particularly the Landlord and Tenant (Consolidation) Ordinance. The notice typically includes details of the current rent, proposed new rent, relevant review date, and supporting rationale for the proposed changes. It forms the basis for subsequent negotiations or dispute resolution procedures if the parties cannot agree on the new rent. The timing of serving a Rent Review Notice is crucial, as it must align with the review periods specified in the lease and provide adequate notice as required by Hong Kong law.

What sections should be included in a Rent Review Notice?

1. Date and Address Block: Formal letter heading including date and recipient's address details

2. Property Identification: Clear identification of the leased premises including address and any relevant reference numbers

3. Lease Reference: Details of the existing lease including date, parties, and specific rent review clause being relied upon

4. Notice of Review: Formal statement invoking the rent review provision and specifying the review date

5. Current and Proposed Rent: Statement of current rent and proposed new rent figures

6. Review Date: Specification of when the new rent is proposed to take effect

7. Response Period: Statement of the period within which the recipient must respond

8. Signature Block: Formal closing including signature, name, and capacity of sender

What sections are optional to include in a Rent Review Notice?

1. Market Evidence Summary: Brief overview of comparable properties or market conditions justifying the proposed rent - include when substantial rent increase is proposed

2. Special Lease Conditions: Reference to any special conditions in the lease affecting the rent review - include when lease contains unusual review provisions

3. Previous Reviews History: Summary of past rent reviews - include when relevant to current review or if there's a pattern to be noted

4. Alternative Dispute Resolution: Reference to any ADR provisions in the lease - include when lease specifies particular dispute resolution mechanisms

What schedules should be included in a Rent Review Notice?

1. Schedule 1 - Rent Calculations: Detailed breakdown of how the proposed new rent has been calculated

2. Schedule 2 - Market Evidence: Detailed comparable evidence supporting the proposed rent

3. Schedule 3 - Property Plans: Relevant plans or drawings of the property if needed for clarity

4. Appendix A - Photographs: Recent photographs of the property if relevant to the review

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions




















Clauses















Relevant Industries

Commercial Real Estate

Residential Real Estate

Retail

Industrial

Office Space

Shopping Centers

Warehousing

Mixed-use Development

Hospitality

Relevant Teams

Legal

Property Management

Real Estate Operations

Asset Management

Facilities Management

Lease Administration

Contract Management

Tenant Relations

Property Services

Real Estate

Relevant Roles

Property Manager

Leasing Manager

Real Estate Lawyer

Asset Manager

Facilities Manager

Legal Counsel

Property Administrator

Real Estate Director

Tenant Relations Manager

Lease Administrator

Commercial Property Manager

Real Estate Operations Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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