The Standard Tenancy Agreement is a fundamental legal document used in Hong Kong's real estate market to formalize residential and commercial rental arrangements. This document is essential when any property owner (landlord) wishes to rent out their property to a tenant, whether for residential or commercial purposes. The agreement is structured to comply with Hong Kong's legal framework, particularly the Landlord and Tenant (Consolidation) Ordinance, and includes provisions for rent, security deposit, utility payments, maintenance responsibilities, and termination conditions. The Standard Tenancy Agreement serves as a comprehensive template that can be customized based on specific requirements while maintaining compliance with local regulations and protecting both parties' interests.
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1. Parties: Identification of the landlord and tenant, including full names, identification numbers/business registration numbers, and correspondence addresses
2. Background: Brief context about the property and the intention to create a tenancy
3. Definitions: Key terms used throughout the agreement including 'Premises', 'Term', 'Rent', 'Deposit', etc.
4. Demise: The formal grant of tenancy, specifying the property being let
5. Term: Duration of the tenancy, including start and end dates
6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences
7. Deposit: Security deposit amount, terms of holding and return conditions
8. Utility Charges: Responsibility for utilities including electricity, water, gas, and management fees
9. Use of Premises: Permitted use of the property and any restrictions
10. Tenant's Obligations: Key responsibilities of the tenant including maintenance, repairs, alterations, and conduct
11. Landlord's Obligations: Key responsibilities of the landlord including structural repairs and quiet enjoyment
12. Insurance: Requirements for insurance coverage by both parties
13. Assignment and Subletting: Restrictions on transferring or sharing the tenancy
14. Termination: Grounds and procedures for ending the tenancy
15. Notices: How formal communications between parties should be made
16. Governing Law: Specification of Hong Kong law as governing law
1. Break Clause: Optional provision allowing early termination under specific conditions
2. Renewal Option: Terms for extending the tenancy beyond the initial term
3. Decoration Period: Rent-free period for tenant's initial renovation works
4. Special Conditions: Any unique terms specific to the property or parties' requirements
5. Pet Clause: Terms regarding keeping pets in the premises
6. Furniture and Fittings: When property is let furnished, detailed terms about furniture use and maintenance
7. Building Rules: For properties in managed buildings, incorporation of building management rules
8. Car Parking: Terms for use of any included parking spaces
1. Schedule 1 - Property Description: Detailed description of the premises including floor area and boundaries
2. Schedule 2 - Inventory List: List of furniture, appliances and fittings included in the tenancy
3. Schedule 3 - House Rules: Specific rules and regulations for use of the property
4. Schedule 4 - Handover Form: Condition checklist for property handover
5. Appendix A - Floor Plan: Plan showing the layout and dimensions of the property
6. Appendix B - Photographs: Documentary photos of property condition at commencement
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Property
Commercial Property
Real Estate Agency
Property Investment
Property Development
Legal Services
Banking and Finance
Relevant Teams
Legal
Real Estate
Property Management
Facilities
Compliance
Administration
Leasing
Asset Management
Corporate Services
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Property Lawyer
Leasing Manager
Asset Manager
Facilities Manager
Company Secretary
Compliance Officer
Property Administrator
Real Estate Investment Manager
Tenant Relations Manager
Housing Officer
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