Document background
The Lease Transfer Agreement is a crucial document used in Hong Kong real estate transactions when an existing tenant wishes to transfer their leasehold interest to another party before the original lease expires. This agreement, governed by Hong Kong law and subject to the Landlord and Tenant (Consolidation) Ordinance, requires the landlord's explicit consent and must comply with stamp duty requirements. It outlines the transfer terms, property details, financial obligations, and warranties from all parties. The document is particularly important in commercial settings where businesses need to assign their lease due to relocation, business restructuring, or other operational changes. It provides legal protection for all parties and ensures a smooth transition of leasehold interests while maintaining the original lease's core terms and conditions.
