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Rent Release Form Template for Hong Kong

A Rent Release Form under Hong Kong law is a formal legal document that effectively terminates a tenancy agreement and releases both landlord and tenant from their respective obligations under the original lease. The document complies with the Hong Kong Landlord and Tenant (Consolidation) Ordinance and includes provisions for the mutual discharge of responsibilities, confirmation of property condition, return of security deposits, and settlement of any outstanding matters. It serves as conclusive evidence that the tenancy has been properly terminated and that neither party has any remaining claims against the other arising from the tenancy agreement.

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What is a Rent Release Form?

The Rent Release Form is a crucial document used in Hong Kong's property rental market to formally conclude a tenancy relationship. It is typically executed when a lease is being terminated, whether at the natural end of the term or through mutual agreement for early termination. The document ensures compliance with Hong Kong's property laws, particularly the Landlord and Tenant (Consolidation) Ordinance, and provides legal certainty for all parties involved. The form includes essential details such as property identification, confirmation of vacant possession, settlement of financial matters, and mutual releases from future claims. It's particularly important in Hong Kong's dynamic property market where both residential and commercial tenancies require clear documentation of termination to prevent future disputes.

What sections should be included in a Rent Release Form?

1. Date and Parties: Identification of all parties involved, including full legal names and addresses of landlord and tenant

2. Recitals: Reference to the original tenancy agreement, including its date and essential terms

3. Confirmation of Vacant Possession: Statement confirming the tenant has vacated the premises and returned all keys

4. Release Terms: Clear statement of the mutual release of obligations and claims between parties

5. Property Condition: Confirmation of the condition of the property upon surrender

6. Governing Law: Specification that Hong Kong law governs the release

7. Execution: Signature blocks for all parties and witnesses

What sections are optional to include in a Rent Release Form?

1. Security Deposit Settlement: Details of security deposit return or deductions, used when there is a security deposit to be addressed

2. Outstanding Payments: Settlement of any remaining rent, utilities, or other charges, included when there are pending financial matters

3. Surviving Obligations: List of any obligations that survive the release, used when certain terms need to continue

4. Keys and Access Devices: Detailed list of returned items, used when multiple access devices are involved

5. Third Party Rights: Exclusion of third party rights under the Contracts (Rights of Third Parties) Ordinance, used when third party rights need to be explicitly addressed

What schedules should be included in a Rent Release Form?

1. Schedule 1 - Property Inspection Report: Detailed report of the property's condition at surrender, including photographs if applicable

2. Schedule 2 - Settlement Statement: Breakdown of any financial settlements, including security deposit calculations and deductions

3. Schedule 3 - Original Tenancy Agreement: Copy or key details of the original tenancy agreement being released

4. Schedule 4 - Handover Items: List of all items returned, including keys, access cards, and other property-related items

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

Jurisdiction

Hong Kong

Document Type

Release Agreement

Cost

Free to use

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