Licensor And Licensee In Rent Agreement Template for Hong Kong

The Licensor And Licensee In Rent Agreement is a specialized legal instrument used in Hong Kong when parties wish to create a more flexible arrangement for property occupation compared to traditional leasing. This document is particularly relevant when the property owner wants to retain significant control over the premises or when the arrangement is intended to be shorter-term or more casual than a formal lease. It's commonly used in situations such as co-working spaces, temporary retail locations, or shared residential arrangements. The agreement must carefully maintain the characteristics of a license rather than a lease to avoid being construed as a tenancy under Hong Kong law. This includes provisions that typically prevent exclusive possession and maintain the licensor's right to relocate the licensee or share the space with others. The document addresses key aspects such as permitted use, duration, fees, termination rights, and maintenance responsibilities, while ensuring compliance with Hong Kong's legal requirements for property occupation agreements.

1. Parties: Identifies and provides full details of the Licensor and Licensee, including registration numbers for companies or HKID/passport numbers for individuals

2. Background: Explains the context of the agreement and confirms the Licensor's authority to grant the license

3. Definitions: Defines key terms used throughout the agreement, including 'Licensed Premises', 'License Period', 'License Fee', and other relevant terms

4. Grant of License: Clearly states the grant of license and its nature, emphasizing it creates no tenancy rights

5. License Period: Specifies the duration of the license, including start and end dates, and any renewal options

6. License Fee and Payment Terms: Details the license fee amount, payment schedule, method of payment, and consequences of late payment

7. Permitted Use: Clearly defines how the Licensee may use the premises and any specific restrictions

8. Licensee's Obligations: Lists all obligations of the Licensee including maintenance, conduct, compliance with regulations

9. Licensor's Obligations: Outlines the Licensor's responsibilities regarding the premises

10. Insurance and Liability: Specifies insurance requirements and allocation of liability between parties

11. Termination: Details circumstances under which either party may terminate the license and the consequences

12. Governing Law and Jurisdiction: Confirms Hong Kong law governs the agreement and Hong Kong courts have jurisdiction

13. Execution: Signature blocks for all parties and witnessing requirements