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Long Term Rental Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Long Term Rental Agreement

"I need a Long Term Rental Agreement for a 2-bedroom residential apartment in Central Hong Kong, starting March 1, 2025, with specific provisions for pet ownership and potential subletting rights during the second year of tenancy."

Document background
The Long Term Rental Agreement is a crucial legal document used in Hong Kong for establishing extended tenancy arrangements, typically for periods of one year or more. It serves as the primary contract between property owners and tenants, whether for residential, commercial, or industrial properties. This document is essential in Hong Kong's dynamic real estate market, where both local and international parties frequently engage in long-term property leasing. The agreement must comply with Hong Kong's property laws, particularly the Landlord and Tenant (Consolidation) Ordinance, while addressing specific requirements such as stamp duty obligations, building management regulations, and standard market practices. It includes comprehensive provisions covering rent, deposits, maintenance obligations, termination rights, and other essential terms to protect both parties' interests throughout the tenancy period.
Suggested Sections

1. Parties: Identification and details of the landlord and tenant, including full legal names, identification numbers, and contact information

2. Background: Brief context of the agreement, including property ownership confirmation and intention to create a tenancy

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

4. Demise: Formal grant of the tenancy, specifying the property being leased

5. Term and Commencement: Duration of the tenancy and start date

6. Rent and Payment Terms: Rental amount, payment schedule, and payment methods

7. Deposit: Security deposit amount, terms of holding, and conditions for return

8. Utility Charges: Responsibility for utilities, including electricity, water, gas, and management fees

9. Use of Premises: Permitted use of the property and any restrictions

10. Tenant's Obligations: Core responsibilities of the tenant including maintenance, repairs, and conduct

11. Landlord's Obligations: Core responsibilities of the landlord including structural repairs and insurance

12. Insurance: Required insurance coverage and responsibilities of each party

13. Termination: Circumstances and procedures for ending the tenancy

14. Notices: How formal notices should be given between parties

15. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction

Optional Sections

1. Break Clause: Optional early termination provisions, typically included for longer leases

2. Subletting and Assignment: Include if subletting or assignment rights are to be granted or explicitly prohibited

3. Renovation and Alterations: Include if specific renovation rights or restrictions need to be addressed

4. Car Parking: Include if parking spaces are part of the tenancy

5. Pet Clause: Include if pets are allowed or specifically prohibited

6. Option to Renew: Include if tenant is given the option to extend the lease

7. Estate Rules: Include for properties within managed estates or buildings

8. Furniture and Fittings: Include for furnished properties

9. Special Conditions: Include for any property-specific requirements or agreements

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including address and boundaries

2. Schedule 2 - Inventory List: Detailed list of furniture, appliances, and fittings included in the tenancy

3. Schedule 3 - Property Condition Report: Detailed report of property condition at commencement of tenancy

4. Schedule 4 - House Rules: Building or estate rules and regulations

5. Appendix A - Floor Plan: Floor plan of the property showing layout and dimensions

6. Appendix B - Photographs: Photographs documenting property condition at commencement

7. Appendix C - Utilities Reading: Initial utility meter readings at handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Real Estate

Property Management

Legal Services

Banking and Financial Services

Retail

Hospitality

Commercial Office Space

Residential Property

Industrial Property

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Corporate Services

Administration

Compliance

Property Management

Asset Management

Risk Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Manager

Facilities Manager

Contract Administrator

Real Estate Agent

Leasing Manager

Asset Manager

Property Administrator

Compliance Officer

Real Estate Director

Operations Manager

Corporate Services Manager

Office Manager

Legal Administrator

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

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