Ending Tenancy Agreement Early Template for Hong Kong

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Key Requirements PROMPT example:

Ending Tenancy Agreement Early

"I need an Ending Tenancy Agreement Early for my commercial property in Hong Kong's Central district, where the tenant has agreed to terminate the lease on March 1, 2025, with a negotiated termination fee of HKD 50,000 and specific requirements for restoring the premises to its original condition."

Document background
An Ending Tenancy Agreement Early is a crucial legal document used in Hong Kong when both landlord and tenant agree to terminate a lease before its original expiration date. This document is essential in situations where either party needs to end the tenancy prematurely due to various circumstances such as relocation, property sale, or mutual agreement to terminate. The agreement is structured in accordance with Hong Kong's property laws, particularly the Landlord and Tenant (Consolidation) Ordinance, and includes vital information about final settlements, property handover procedures, and mutual releases. It protects both parties' interests by clearly documenting the terms of early termination and helps prevent future disputes by establishing a clear framework for the termination process. The document is commonly used in both residential and commercial contexts and can be adapted to various specific requirements while maintaining compliance with Hong Kong legal requirements.
Suggested Sections

1. Parties: Identifies and defines the Landlord and Tenant with their full legal names and addresses

2. Background: References the original tenancy agreement, its key terms, and explains the intention to terminate early

3. Definitions: Defines key terms used throughout the agreement, including 'Termination Date', 'Original Agreement', and 'Premises'

4. Early Termination: Specifies the agreed termination date and mutual consent to end the tenancy early

5. Settlement of Payments: Details the final rent payment, utilities settlement, and handling of the security deposit

6. Handover Requirements: Specifies the condition in which the property must be returned and the handover process

7. Release and Discharge: Mutual release from obligations under the original tenancy agreement post-termination

8. Governing Law: Confirms Hong Kong law governs the agreement

9. Execution: Signature blocks for all parties

Optional Sections

1. Compensation Payment: Required when the tenant must pay compensation for early termination

2. Outstanding Repairs: Included when specific repairs or restoration work must be completed before handover

3. Key Return Protocol: Used when there are multiple sets of keys or security devices to be returned

4. Forwarding Address: Include when arrangements for future correspondence or deposit return need to be specified

5. Third Party Consent: Required when mortgagee or other third-party consent is necessary for the termination

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed list of fixtures, fittings, and their condition at termination

2. Schedule 2 - Payment Settlement Details: Breakdown of final payments, including rent, utilities, and deposit calculations

3. Schedule 3 - Handover Checklist: Specific requirements for cleaning, repairs, and conditions for successful handover

4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being terminated

5. Appendix B - Property Photos: Current photographs of the property condition (if required)

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

Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Legal Services

Banking & Finance

Property Development

Retail

Hospitality

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Operations

Administrative Services

Compliance

Asset Management

Tenant Relations

Contract Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Property Administrator

Facilities Manager

Asset Manager

Compliance Officer

Contract Administrator

Property Operations Manager

Tenant Relations Manager

Real Estate Portfolio Manager

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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