Document background
The Cancellation Of Rent Agreement Letter is a crucial document used in Hong Kong's real estate sector when both landlord and tenant mutually agree to terminate a lease agreement before its scheduled end date. This document, governed by Hong Kong law and particularly the Landlord and Tenant (Consolidation) Ordinance, serves as official documentation of the agreed termination terms. It becomes necessary when circumstances require early lease termination, such as business relocations, property sales, or mutual agreement to end the tenancy. The letter typically includes essential details about the property, original lease reference, termination date, settlement terms, and property handover arrangements. It protects both parties' interests by clearly documenting the agreed terms and conditions of the lease termination, helping prevent future disputes and ensuring a smooth transition.
