Commercial Lease Contract Template for Hong Kong

The Commercial Lease Contract is a fundamental document used in Hong Kong's commercial property market to establish legally binding agreements 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, industrial, or other commercial purposes. It must comply with Hong Kong's legal framework, particularly the Landlord and Tenant (Consolidation) Ordinance and related commercial property regulations. The agreement typically includes detailed provisions covering rent, tenure, maintenance responsibilities, permitted use, insurance requirements, and other commercial terms specific to Hong Kong's business environment. This document is crucial for protecting both parties' interests and ensuring clarity in their commercial relationship while adhering to local property practices and legal requirements.

1. Parties: Identification of the landlord and tenant, including full legal names, registration numbers for companies, and correspondence addresses

2. Background: Brief context of the lease arrangement and property ownership

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

4. Demise: Specific details of the property being leased, including exact boundaries and any exclusive or shared areas

5. Term: Duration of the lease, including start date and end date

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

7. Rent Review: Provisions for periodic rent reviews and adjustment mechanisms

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

9. Management Fees and Other Charges: Details of additional charges, including management fees, utilities, and other outgoings

10. Use of Premises: Permitted use of the premises and any restrictions

11. Tenant's Covenants: Obligations of the tenant including maintenance, repairs, compliance with regulations

12. Landlord's Covenants: Obligations of the landlord including structural repairs and quiet enjoyment

13. Insurance: Insurance requirements for both parties

14. Assignment and Subletting: Restrictions and conditions for assignment or subletting of the premises

15. Termination: Grounds and procedures for early termination

16. Default and Remedies: Consequences of default by either party and available remedies

17. Reinstatement: Requirements for returning the premises at the end of the lease

18. Notices: Process for serving notices between parties

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