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Deposit Rental Agreement

Deposit Rental Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Deposit Rental Agreement

"I need a Deposit Rental Agreement for my commercial property in Tsim Sha Tsui, Hong Kong, with a three-month security deposit requirement and special provisions for quarterly deposit reviews starting March 2025."

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Document background
The Deposit Rental Agreement is a crucial document in Hong Kong's property rental market, designed to protect the interests of both landlords and tenants in relation to security deposits. This document is typically used at the commencement of a tenancy to establish clear terms for the handling, maintenance, and return of rental deposits. It complies with Hong Kong's legal requirements, particularly the Landlord and Tenant (Consolidation) Ordinance, and includes essential provisions for deposit amount, payment schedule, conditions for deductions, and return procedures. The agreement is particularly important in Hong Kong's dynamic property market, where substantial security deposits are common practice, and clear documentation is essential for avoiding disputes.
Suggested Sections

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

2. Background: Brief context of the rental arrangement and purpose of the agreement

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Property Details: Comprehensive description of the rental property, including address and identifying details

5. Deposit Amount and Payment: Specification of the deposit amount, payment method, and timing

6. Term of Deposit: Duration for which the deposit will be held

7. Use of Deposit: Conditions under which the deposit may be used or retained by the landlord

8. Return of Deposit: Terms and conditions for the return of the deposit, including timeline and any deductions

9. Tenant's Obligations: Key responsibilities of the tenant regarding property maintenance and use

10. Landlord's Obligations: Key responsibilities of the landlord regarding property maintenance and services

11. Termination: Circumstances and procedures for terminating the agreement

12. Governing Law: Specification of Hong Kong law as the governing law

13. Execution: Signature blocks and execution details for all parties

Optional Sections

1. Utilities and Charges: Details of responsibility for utilities and other charges when these are not included in the rent

2. Insurance Requirements: Specific insurance requirements for either party, if applicable

3. Special Conditions: Any unique terms or conditions specific to the property or arrangement

4. Property Manager: Details of property management company or agent if applicable

5. Dispute Resolution: Specific procedures for resolving disputes, if different from standard legal processes

6. Language: Language provisions if the agreement is bilingual (Chinese/English)

7. Break Clause: Early termination options and conditions, if applicable

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed list of furniture, fixtures, and fittings included in the property

2. Schedule 2 - Property Condition Report: Detailed description of the property's condition at the start of tenancy

3. Schedule 3 - House Rules: Building or development rules and regulations if applicable

4. Schedule 4 - Payment Schedule: Detailed breakdown of deposit, rent, and other payment requirements

5. Appendix A - Photos: Photographic evidence of property condition

6. Appendix B - Floor Plan: Floor plan of the property showing layout and dimensions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Interpretation
Deposit Payment
Deposit Return
Property Access
Maintenance and Repair
Use of Premises
Assignment and Subletting
Insurance
Default and Remedies
Termination
Force Majeure
Utilities and Services
Alterations and Improvements
Quiet Enjoyment
Property Inspection
Notices
Compliance with Laws
Dispute Resolution
Governing Law
Severability
Entire Agreement
Costs and Expenses
Indemnification
Representatives and Warranties
Building Rules Compliance
Property Management
Stamp Duty
Security and Safety
Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Legal Services

Property Investment

Retail

Hospitality

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Operations

Compliance

Asset Management

Tenant Relations

Administration

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Property Owner

Facility Manager

Tenant Relations Manager

Asset Manager

Property Administrator

Compliance Officer

Real Estate Director

Housing Officer

Property Investment Manager

Industries
Landlord and Tenant (Consolidation) Ordinance (Cap. 7): Primary legislation governing landlord-tenant relationships in Hong Kong, covering tenancy agreements, rights, obligations, and termination procedures
Stamp Duty Ordinance (Cap. 117): Regulates the stamping requirements and duties payable on tenancy agreements in Hong Kong
Building Management Ordinance (Cap. 344): Relevant for rental properties in multi-unit buildings, covering building management and maintenance responsibilities
Law of Property and Contract Law under Common Law: General principles of contract law and property rights that apply to rental agreements in Hong Kong's common law system
Personal Data (Privacy) Ordinance (Cap. 486): Governs the collection and handling of personal data in rental agreements and tenant information
Rating Ordinance (Cap. 116): Relevant for understanding rates and other property-related charges that may affect rental arrangements
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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