Terminate House Contract

Terminate House Contract Template for Hong Kong

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Key Requirements PROMPT example:

"I need a Terminate House Contract for my Hong Kong residential property where both landlord and tenant have agreed to early termination on March 15, 2025, with special provisions for handling the security deposit return within 7 days of handover."

Document background

The Terminate House Contract is a crucial document used in Hong Kong's residential property market when parties wish to formally end a tenancy agreement before or at its natural conclusion. It is designed to comply with Hong Kong's property law framework, particularly the Landlord and Tenant (Consolidation) Ordinance. This document becomes necessary when either the landlord and tenant mutually agree to end the tenancy, or when one party exercises their right to terminate under the original agreement's provisions. It includes essential elements such as termination date, handover arrangements, security deposit settlement, and final utility payments. The document helps prevent future disputes by clearly documenting the agreed terms of termination and ensuring all parties understand their rights and obligations during the termination process.

Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and contact details

2. Background: Reference to the original tenancy agreement, including its date, property address, and current term

3. Definitions: Key terms used in the termination agreement, including 'Termination Date', 'Property', 'Original Agreement', etc.

4. Termination Agreement: Clear statement of mutual agreement to terminate the tenancy and the effective termination date

5. Handover Arrangements: Specific details about property inspection, key return, and utility termination procedures

6. Security Deposit: Terms for the return of the security deposit, including timeline and any deductions

7. Settlement of Accounts: Agreement on final payment of rent, utilities, and any other outstanding charges

8. Release and Discharge: Mutual release from obligations under the original tenancy agreement

9. Governing Law: Confirmation that the agreement is governed by Hong Kong law

Optional Sections

1. Property Damage: Details of any damage to the property and agreed repairs or compensation - include when there are outstanding repair issues

2. Disputes Resolution: Specific provisions for handling any existing or future disputes - include when there are ongoing issues

3. Forwarding Address: Tenant's new address for future correspondence - include when required for deposit return or ongoing communication

4. Third Party Rights: Exclusion of third party rights under the Contracts (Rights of Third Parties) Ordinance - include when there are potential third party interests

5. Break Fee: Details of any early termination fee - include when termination occurs before the end of the fixed term

Suggested Schedules

1. Schedule 1 - Property Condition Report: Detailed report of the property's condition at termination, including photographs

2. Schedule 2 - Inventory List: List of fixtures, fittings, and furnishings with their condition at termination

3. Schedule 3 - Outstanding Payments: Detailed breakdown of any outstanding payments, including utilities, management fees, etc.

4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated

5. Appendix B - Handover Checklist: Checklist of items to be completed before and during property handover

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Management

Legal Services

Housing

Residential Property

Property Investment

Property Development

Relevant Teams

Legal

Property Management

Real Estate Operations

Compliance

Housing Administration

Leasing Operations

Document Administration

Property Services

Tenant Relations

Contract Administration

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Housing Officer

Tenancy Administrator

Property Operations Manager

Leasing Manager

Compliance Officer

Real Estate Lawyer

Property Administrator

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