The Lease Novation Agreement is a critical document used in Hong Kong when an existing tenant wishes to transfer their entire interest in a lease to a new tenant, while maintaining the original lease terms. This situation commonly arises during corporate restructuring, business acquisitions, or when a tenant needs to exit a lease early and has found a replacement tenant. The document, governed by Hong Kong law, must comply with the Conveyancing and Property Ordinance (Cap. 219) and related legislation. It typically includes detailed provisions about the transfer of rights and obligations, handling of security deposits, representation and warranties, and specific requirements for stamp duty and registration. The agreement ensures that all parties' interests are protected while facilitating a smooth transition of the tenancy.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and defines the Landlord, Original Tenant (as Outgoing Tenant), and New Tenant (as Incoming Tenant)
2. Background: Recitals explaining the existing lease details, reason for novation, and parties' intentions
3. Definitions and Interpretation: Defines key terms including 'Lease', 'Effective Date', 'Novation Date', and interpretation rules
4. Novation: Core clause effecting the novation of the lease from Original Tenant to New Tenant
5. Release and Undertaking: Release of Original Tenant's obligations and New Tenant's undertaking to perform lease obligations
6. Rent and Deposits: Handling of rent payments, security deposits, and other financial matters
7. Representations and Warranties: Basic warranties from all parties regarding authority to enter agreement
8. Costs and Stamp Duty: Responsibility for legal costs and stamp duty payments
9. Governing Law and Jurisdiction: Confirms Hong Kong law as governing law and jurisdiction
10. Execution: Execution blocks for all three parties
1. Landlord's Consent: Additional section when explicit landlord's consent needs to be documented beyond the basic execution
2. Outstanding Claims: Section dealing with any existing claims or disputes under the original lease, if applicable
3. Property Management Approval: Required for properties where building management approval is necessary
4. Conditions Precedent: When novation is subject to certain conditions being fulfilled
5. Guarantor Provisions: When there are guarantors involved in either the original or new lease arrangement
1. Schedule 1 - Original Lease Details: Copy or details of the original lease agreement including all variations
2. Schedule 2 - Property Description: Detailed description of the leased premises
3. Schedule 3 - Outstanding Amounts: Statement of any outstanding rent, charges, or deposits
4. Appendix A - Consent Requirements: Any required forms or formats for regulatory or management company consent
5. Appendix B - Handover Schedule: Schedule of items to be handed over between Original and New Tenant
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Retail
Financial Services
Professional Services
Manufacturing
Technology
Hospitality
Healthcare
Education
Relevant Teams
Legal
Real Estate
Facilities Management
Finance
Operations
Compliance
Risk Management
Corporate Secretarial
Property Management
Asset Management
Relevant Roles
Legal Counsel
Property Manager
Real Estate Director
Facilities Manager
Corporate Counsel
Company Secretary
Chief Financial Officer
Operations Director
Asset Manager
Leasing Manager
Compliance Officer
Risk Manager
Find the exact document you need
Rejection Form
A Hong Kong law-governed form for formally rejecting non-conforming goods, services, or offers, documenting the rejection grounds and required actions.
find out more
Investment Memorandum (Real Estate)
A Hong Kong law-governed document that presents detailed information about a real estate investment opportunity, including property details, investment terms, and risk factors.
find out more
With Regret Letter
A formal rejection letter used in Hong Kong's recruitment process, compliant with local employment and privacy laws.
find out more
Appointment Letter For Accountant
A Hong Kong law-governed employment letter outlining terms and conditions for accounting professionals, including role responsibilities, compensation, and professional requirements.
find out more
Hiring Form
Hong Kong employment documentation package containing all necessary hiring forms and agreements required under Hong Kong law.
find out more
Appointment Letter For Teacher
A Hong Kong-compliant employment letter establishing terms and conditions for teaching positions in educational institutions, aligned with local employment law and education regulations.
find out more
Revised Lease Agreement
A Hong Kong law-governed document that modifies an existing lease agreement, incorporating amendments while maintaining compliance with local property regulations.
find out more
Baseline Risk Assessment
A systematic workplace hazard and risk evaluation document compliant with Hong Kong's safety regulations and industry standards.
find out more
Lease Novation Agreement
A Hong Kong law-governed agreement that transfers lease rights and obligations from an existing tenant to a new tenant, with landlord's consent.
find out more
Settlement NDA
A Hong Kong law-governed agreement combining settlement terms and confidentiality obligations, designed to resolve disputes while maintaining strict confidentiality of the settlement terms and related information.
find out more
Offer Letter With Probationary Period
A formal employment offer letter compliant with Hong Kong law, including probationary period terms and essential employment conditions.
find out more
Offer Letter For Rent Of Property
A formal property rental offer letter under Hong Kong law that outlines proposed tenancy terms and conditions for prospective tenants.
find out more
Job Offer Refusal Letter
A formal letter used in Hong Kong business context to decline a job offer, maintaining professional relations while clearly communicating the candidate's decision.
find out more
Internal NDA
Hong Kong law-governed internal NDA for protecting organizational confidential information between company and internal stakeholders.
find out more
Sponsorship Invoice
A formal billing document for sponsorship arrangements under Hong Kong law, detailing sponsorship rights and payment terms while ensuring compliance with local tax requirements.
find out more
Preliminary Investment Memorandum
A Hong Kong-compliant preliminary document outlining an investment opportunity, providing essential company information and investment terms for potential investors.
find out more
Offer Letter For House
A formal document used in Hong Kong to present an offer to purchase residential property, outlining key terms and conditions of the proposed transaction.
find out more
Official Loan Agreement
A Hong Kong law-governed agreement establishing terms and conditions for a formal loan between lender and borrower, including loan amount, interest, repayment, and security provisions.
find out more
Land Purchase Deed
A legal document under Hong Kong law that facilitates and records the transfer of land ownership rights from seller to buyer, incorporating local property transfer requirements and regulations.
find out more
Executive Meeting Minutes
Official record of executive meeting proceedings and decisions for Hong Kong companies, compliant with local corporate governance requirements.
find out more
Final Notice To Vacate Premises
A formal legal notice under Hong Kong law demanding a tenant vacate a property, serving as the final step before potential legal proceedings.
find out more
Appointment Offer Letter
A formal employment offer document compliant with Hong Kong employment law that outlines key terms and conditions of employment.
find out more
Counter Offer Decline Letter
A formal letter under Hong Kong law declining a counter offer received during contract negotiations, while maintaining professional business relationships.
find out more
Office Tenancy Agreement
A Hong Kong law-governed agreement setting out terms and conditions for office space leasing between landlord and tenant.
find out more
Contra Agreement
A Hong Kong-governed agreement facilitating the exchange of goods or services between parties without monetary consideration, structured under Hong Kong law.
find out more
Consultant Non Disclosure Agreement
A Hong Kong law-governed agreement protecting confidential information shared between a company and its consultants.
find out more
Offer Of Purchase And Sale
A Hong Kong law-governed agreement setting out terms and conditions for the purchase and sale of assets, property, or goods.
find out more
Job Reference Letter For Employee Leaving
A formal employment reference document compliant with Hong Kong law, providing verification of past employment and optional performance assessment.
find out more
Contractual Agreement
A legally binding agreement under Hong Kong law establishing terms and conditions between parties for business arrangements.
find out more
Offer Cancellation Letter From Company
A Hong Kong law-governed letter used by companies to formally withdraw a previously extended employment offer to a candidate.
find out more
Freelancer Job Offer Letter
A Hong Kong-compliant job offer letter template for engaging freelancers and independent contractors, outlining key terms and conditions of the freelance relationship.
find out more
Conditional Lien Waiver
A Hong Kong law-governed document that conditionally waives construction lien rights upon receipt of specified payment.
find out more
Internship Letter From Company To Student
A Hong Kong-compliant internship offer letter from company to student, outlining internship terms and conditions under Hong Kong employment law.
find out more
Thank You Letter For Funding Support
A formal acknowledgment letter used in Hong Kong to thank and document received funding or donations, meeting local regulatory requirements for financial documentation.
find out more
Letter Of Appeal For Support
A formal appeal document used in Hong Kong to request support or review of decisions from authorities, following local administrative requirements and procedures.
find out more
Withdrawal Of Termination Letter By Employer
A Hong Kong law-compliant employer's letter withdrawing a previous termination notice and confirming continued employment.
find out more
Volunteer Liability Waiver
A Hong Kong law-governed liability waiver protecting organizations from claims related to volunteer activities while ensuring clear risk communication to volunteers.
find out more
Partnership Loan Agreement
A Hong Kong law-governed agreement establishing terms for a loan between partners in a partnership, including loan terms, repayment conditions, and partnership considerations.
find out more
Thank You For The Job Offer Letter
A professional courtesy letter used in Hong Kong to acknowledge and express gratitude for a job offer, demonstrating proper business etiquette in the Hong Kong employment context.
find out more
Salary Confirmation Letter For Bank Loan
A Hong Kong-compliant employer-issued letter confirming employment status and salary details for bank loan applications.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)