The Simple Lease Agreement is a fundamental legal document used in Hong Kong for establishing rental arrangements between property owners and tenants. This document is essential for both residential and commercial property rentals, providing a clear framework for the leasing relationship while ensuring compliance with Hong Kong's property laws and regulations. The agreement incorporates all necessary elements required by the Landlord and Tenant (Consolidation) Ordinance and other relevant Hong Kong legislation, including provisions for stamp duty payment and registration. It is designed to protect both landlord and tenant interests while maintaining clarity and enforceability in the Hong Kong legal context. The Simple Lease Agreement is particularly useful for straightforward rental arrangements where standard terms and conditions are sufficient, though it can be customized to include additional provisions for specific situations.
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1. Parties: Identification and details of the landlord and tenant, including full names, ID/company numbers, and addresses
2. Background: Brief context of the lease arrangement and confirmation of the landlord's ownership and right to lease
3. Definitions: Key terms used throughout the agreement including 'Premises', 'Term', 'Rent', 'Security Deposit'
4. Demise: The formal grant of lease, specifying the premises being leased
5. Term: Duration of the lease, including start and end dates
6. Rent and Payment Terms: Rent amount, payment frequency, method of payment, and due dates
7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit
8. Utilities and Charges: Responsibility for utilities, management fees, and other charges
9. Use of Premises: Permitted use of the premises and any restrictions
10. Tenant's Obligations: Key responsibilities including maintenance, repairs, alterations, and conduct
11. Landlord's Obligations: Key responsibilities including structural repairs and quiet enjoyment
12. Insurance: Required insurance coverage and responsibilities
13. Termination: Circumstances and process for early termination
14. Assignment and Subletting: Restrictions on assignment and subletting of the premises
15. Notices: Process for giving formal notices under the agreement
16. Governing Law: Confirmation that Hong Kong law governs the agreement
1. Break Clause: Optional provision allowing either party to terminate the lease early under specified conditions
2. Rent Review: Include when the lease term is longer and periodic rent adjustments are desired
3. Option to Renew: Include when offering the tenant the right to extend the lease term
4. Furnished Provisions: Include when the property is being leased with furniture
5. Special Conditions: Include when there are property-specific rules or requirements
6. Guarantor Provisions: Include when a guarantor is required for the tenant's obligations
7. Pet Provisions: Include when pets are allowed, specifying conditions and additional deposits
8. Car Parking: Include when parking spaces are part of the lease
1. Schedule 1 - Property Description: Detailed description of the premises including floor plan and boundaries
2. Schedule 2 - Inventory: List and condition of furniture and fittings (if furnished)
3. Schedule 3 - House Rules: Building or estate rules and regulations
4. Schedule 4 - Specific Repairs: List of any agreed repairs or improvements to be carried out
5. Schedule 5 - Utilities Reading: Initial meter readings for utilities at handover
6. Appendix A - Handover Form: Condition report and key handover documentation
7. Appendix B - Prescribed Information: Mandatory information required under Hong Kong law
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Management
Residential Housing
Commercial Property
Retail
Professional Services
Legal Services
Property Investment
Corporate Housing
Hospitality
Relevant Teams
Legal
Real Estate
Facilities Management
Property Administration
Compliance
Corporate Services
Asset Management
Operations
Risk Management
Administrative Services
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Facilities Manager
Housing Officer
Leasing Manager
Property Administrator
Compliance Officer
Corporate Real Estate Manager
Tenant Relations Manager
Asset Manager
Property Developer
Real Estate Investment Manager
Legal Administrator
Company Secretary
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