Document background
The Licence Agreement To Occupy Property is widely used in Hong Kong's dynamic property market where flexibility in property occupation is required. This document type serves as an alternative to traditional leases, particularly suitable for situations requiring shorter terms, specific use permissions, or where the property owner needs to maintain greater control over the property. It's commonly used for commercial spaces, co-working arrangements, pop-up stores, and temporary business premises. The agreement explicitly creates a personal right to occupy rather than an interest in land, which distinguishes it from a lease. Key elements include occupation terms, fee structures, permitted use specifications, and termination provisions, all governed by Hong Kong law. This type of agreement is particularly relevant in today's evolving business environment where traditional long-term leases may not suit operational needs.
