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Lease Extension Agreement for Hong Kong

Lease Extension Agreement Template for Hong Kong

A Lease Extension Agreement under Hong Kong law is a formal legal document that extends the term of an existing lease agreement between a landlord and tenant. The document operates within the framework of Hong Kong's property law system, particularly the Landlord and Tenant (Consolidation) Ordinance. It specifies the extended duration of the lease, any modifications to existing terms, updated rent calculations, and continued obligations of both parties. The agreement must comply with Hong Kong's stamp duty requirements and registration procedures at the Land Registry.

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What is a Lease Extension Agreement?

The Lease Extension Agreement is commonly used in Hong Kong when parties wish to continue their landlord-tenant relationship beyond the original lease term without executing an entirely new lease. This document is particularly relevant in Hong Kong's dynamic property market, where both residential and commercial tenancies frequently require extension. The agreement must comply with Hong Kong's property laws and regulations, including the Landlord and Tenant (Consolidation) Ordinance and Stamp Duty Ordinance. It typically includes details about the extension period, any rent adjustments, confirmation of existing terms, and any modifications to the original lease. This document is essential for maintaining legal certainty in ongoing tenancy relationships and protecting both parties' interests during the extended term.

What sections should be included in a Lease Extension Agreement?

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

2. Background: Recitals describing the existing lease, its key terms, and the parties' intention to extend

3. Definitions: Definitions of key terms used in the agreement, including 'Original Lease', 'Extension Period', and 'Extension Date'

4. Extension of Term: Core provision extending the lease term, specifying the new expiry date

5. Rent and Payment Terms: Specification of rent during the extension period, including any adjustments or review mechanisms

6. Confirmation of Original Lease Terms: Confirmation that other terms of the original lease remain in force during the extension period

7. Representations and Warranties: Standard representations about authority to enter into the extension agreement

8. Execution: Signature blocks and execution formalities

What sections are optional to include in a Lease Extension Agreement?

1. Modifications to Original Lease: Used when parties agree to modify any terms of the original lease during the extension period

2. Security Deposit Adjustment: Include if there are changes to the security deposit amount or terms

3. Break Clause: Optional provision allowing either party to terminate the extension early under specified conditions

4. Renovation or Improvement Works: Include if tenant is permitted to carry out specific works during the extension period

5. Property Condition: Used when there's a need to document the current condition of the property

6. Stamp Duty: Include specific provisions about stamp duty payment responsibilities if not covered in original lease

What schedules should be included in a Lease Extension Agreement?

1. Schedule 1 - Property Description: Detailed description of the leased property, including any parking spaces or auxiliary areas

2. Schedule 2 - Original Lease: Copy or key details of the original lease agreement being extended

3. Schedule 3 - Rent Calculations: Detailed breakdown of rent calculations if there are complex payment terms or adjustments

4. Appendix A - Floor Plan: Floor plan of the leased property if relevant

5. Appendix B - Photographic Schedule: Current photographs of the property condition if being documented

6. Appendix C - Renovation Plans: Details of any approved renovation or improvement works if applicable

Authors

Alex Denne

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

Jurisdiction

Hong Kong

Document Type

Service Agreement

Cost

Free to use
Relevant legal definitions






























Clauses


























Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Retail

Office Space

Industrial Property

Legal Services

Property Development

Facilities Management

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Operations

Asset Management

Contract Administration

Company Secretariat

Tenant Relations

Property Administration

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Facilities Manager

Property Director

Asset Manager

Leasing Manager

Company Secretary

Operations Manager

Contract Administrator

Property Administrator

Real Estate Portfolio Manager

Tenant Relations Manager

Building 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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