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Standard Commercial Lease Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Standard Commercial Lease Agreement

I need a Standard Commercial Lease Agreement for a three-story retail space in Causeway Bay, Hong Kong, starting from March 1, 2025, with special provisions for restaurant use on ground floor and optional renewal clause after initial 3-year term.

Document background
The Standard Commercial Lease Agreement is a fundamental legal instrument used in Hong Kong's commercial property market for establishing lease arrangements between property owners and business tenants. This document is essential when any business entity seeks to lease commercial space in Hong Kong, whether for retail, office, or other commercial purposes. It encompasses critical elements required under Hong Kong law, including specific provisions mandated by the Landlord and Tenant (Consolidation) Ordinance and related legislation. The agreement addresses key aspects such as rent determination, security deposits, maintenance obligations, and statutory compliance, while incorporating local market practices and customs unique to Hong Kong's commercial property sector. It serves as a comprehensive framework for protecting both landlord and tenant interests while ensuring compliance with local regulatory requirements.
Suggested Sections

1. Parties: Identification of the landlord and tenant with full legal names and addresses

2. Background: Context of the lease agreement and brief description of the premises

3. Definitions: Definitions of key terms used throughout the lease agreement

4. Demise: The formal grant of lease, specifying the premises being leased

5. Term and Possession: Duration of the lease and possession arrangements

6. Rent and Payment Terms: Rent amount, payment schedule, and method of payment

7. Security Deposit: Amount, payment terms, and conditions for return of the security deposit

8. Government Rent, Rates, and Management Fees: Responsibility for statutory charges and building management fees

9. Permitted Use: Specified permitted business activities and use restrictions

10. Tenant's Covenants: Tenant's obligations including maintenance, repair, and compliance with regulations

11. Landlord's Covenants: Landlord's obligations including structural repairs and quiet enjoyment

12. Insurance: Required insurance coverage and responsibilities

13. Assignment and Subletting: Restrictions and conditions on transfer of lease rights

14. Termination: Circumstances and procedures for early termination

15. Default and Remedies: Events of default and available remedies

16. Execution: Signature blocks and execution formalities

Optional Sections

1. Break Clause: Optional provision allowing early termination under specific conditions

2. Rent Review: Mechanism for periodic rent adjustments, used in longer-term leases

3. Fitting Out Works: Provisions regarding initial tenant improvements and renovations

4. Option to Renew: Terms for lease renewal, if granted

5. Right of First Refusal: Tenant's right to match third-party offers for the premises

6. Green Lease Provisions: Environmental and sustainability requirements, increasingly common in modern commercial leases

7. Force Majeure: Provisions dealing with unforeseen circumstances preventing performance

8. Turnover Rent: Additional rent based on tenant's business revenue, common in retail leases

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the premises including floor plans and boundaries

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates

3. Schedule 3 - Condition Report: Documentation of premises condition at commencement of lease

4. Schedule 4 - Building Rules and Regulations: Specific rules governing the use of the building and common areas

5. Schedule 5 - Fitting Out Guidelines: Technical specifications for permitted renovations and improvements

6. Schedule 6 - Service Charges: Breakdown of management fees and other service charges

7. Appendix A - Plans and Drawings: Floor plans, layout drawings, and location maps

8. Appendix B - Handover Inventory: List of fixtures, fittings, and equipment included in the lease

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

Relevant legal definitions











































Clauses
































Relevant Industries

Retail

Office Space

Food and Beverage

Professional Services

Financial Services

Technology

Healthcare

Industrial

Logistics

Entertainment

Education

Hospitality

Relevant Teams

Legal

Operations

Finance

Facilities Management

Real Estate

Administration

Procurement

Risk Management

Compliance

Property Management

Business Development

Corporate Affairs

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Facilities Manager

Real Estate Manager

Property Manager

Legal Counsel

Corporate Lawyer

Operations Director

Business Development Manager

Store Manager

Office Manager

Finance Director

Procurement Manager

Commercial Director

Expansion Manager

Asset Manager

Company Secretary

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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