This Furnished Apartment Lease agreement is designed for use in Hong Kong's residential property market, where furnished apartments form a significant segment of the rental market. The document is particularly relevant for landlords offering fully furnished residential properties and tenants seeking turn-key living solutions. It incorporates all necessary provisions required under Hong Kong law, including compliance with the Landlord and Tenant (Consolidation) Ordinance, while specifically addressing the additional complexities of furnished properties. The agreement includes detailed sections on furniture inventory, condition reporting, maintenance responsibilities, and specific provisions for the care and return of furnished items. It is commonly used in both private residential leasing and corporate housing arrangements, providing comprehensive protection for both parties' interests in relation to both the property and its contents.
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1. Parties: Identification and details of the landlord and tenant, including full legal names, identification numbers, and contact information
2. Background: Brief context of the agreement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Description of the property being leased and confirmation of the landlord's right to lease
5. Term and Possession: Duration of the lease, commencement date, and possession details
6. Rent and Payment Terms: Rental amount, payment schedule, method of payment, and late payment consequences
7. Deposit: Security deposit amount, payment terms, and conditions for return
8. Utilities and Charges: Responsibility for utilities, management fees, government rates, and other charges
9. Use of Premises: Permitted use of the property and restrictions
10. Maintenance and Repairs: Responsibilities for maintaining the property and furnished items
11. Insurance: Insurance requirements for both parties
12. Landlord's Obligations: Key responsibilities and commitments of the landlord
13. Tenant's Obligations: Key responsibilities and commitments of the tenant
14. Termination: Conditions and procedures for early termination
15. Return of Premises: Conditions for returning the property and furnished items
16. Notices: How formal communications between parties should be made
17. Governing Law: Confirmation of Hong Kong law as governing law
18. Entire Agreement: Standard entire agreement clause
1. Break Clause: Optional clause allowing early termination under specific conditions - include when parties want flexibility for early termination
2. Subletting and Assignment: Include when parties want to explicitly address whether subletting is permitted
3. Renovation and Alterations: Include when specific renovation or alteration rights are to be granted to tenant
4. Pet Clause: Include when pets are to be allowed or specifically prohibited
5. Special Conditions: Include when there are unique circumstances or requirements specific to the tenancy
6. Option to Renew: Include when parties agree to potential lease renewal terms in advance
7. Building Rules: Include when there are specific building management rules that need to be incorporated
1. Schedule 1 - Property Details: Detailed description of the property including address and floor plan
2. Schedule 2 - Inventory List: Comprehensive list of all furniture, appliances, and furnishings provided
3. Schedule 3 - Condition Report: Detailed report of the condition of the property and furnished items at commencement
4. Schedule 4 - House Rules: Building management rules and regulations
5. Schedule 5 - Utility Reading Record: Initial utility meter readings at handover
6. Appendix A - Photographs: Photographic evidence of property and furniture condition at commencement
7. Appendix B - Maintenance Schedule: Schedule of regular maintenance for furnished items and appliances
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Leasing
Corporate Housing
Serviced Apartments
Relocation Services
Property Investment
Real Estate Development
Relevant Teams
Legal
Real Estate
Facilities Management
Property Management
Corporate Services
Operations
Asset Management
Leasing
Administration
Risk Management
Relevant Roles
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Property Owner
Legal Counsel
Relocation Specialist
Asset Manager
Property Administrator
Tenancy Manager
Corporate Housing Manager
Real Estate Operations Manager
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