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Long Term Tenancy Agreement
"I need a Long Term Tenancy Agreement for a Grade A commercial office space in Central, Hong Kong, starting March 2025, with specific provisions for tenant fit-out works and signage rights for a multinational corporate tenant."
1. Parties: Identification and details of the landlord and tenant, including full legal names, identification numbers, and contact information
2. Background: Brief context of the agreement and confirmation of the landlord's ownership and right to lease
3. Definitions: Definitions of key terms used throughout the agreement
4. Demise: Details of the property being leased, including its exact location and boundaries
5. Term: Duration of the tenancy, including start date and end date
6. Rent and Payment Terms: Rental amount, payment schedule, payment method, and late payment consequences
7. Deposit: Security deposit amount, terms of holding, and conditions for return
8. Utilities and Outgoings: Responsibility for utilities, management fees, government rates, and other charges
9. Use of Premises: Permitted use of the property and any restrictions
10. Tenant's Covenants: Tenant's obligations including maintenance, repairs, and conduct
11. Landlord's Covenants: Landlord's obligations including structural repairs and quiet enjoyment
12. Insurance: Insurance requirements for both parties
13. Assignment and Subletting: Restrictions on assignment and subletting of the premises
14. Default and Termination: Events of default, termination rights, and consequences
15. Notices: Method and addresses for serving notices between parties
16. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
1. Break Clause: Optional early termination rights for either party, typically included for longer term leases
2. Renovation and Alterations: Specific rights and conditions for making alterations to the premises, important for commercial tenancies
3. Option to Renew: Terms for extending the lease beyond the initial term
4. Air Conditioning: Specific provisions for maintenance and operating hours of air conditioning, relevant for commercial properties
5. Signage Rights: Rights and restrictions regarding external signage, relevant for commercial properties
6. Car Parking: Provisions for car parking spaces if included in the lease
7. Green Lease Provisions: Environmental and sustainability requirements, increasingly common in modern leases
8. Pandemic/Force Majeure Clause: Specific provisions dealing with pandemic or other force majeure events
9. Property Management: Additional terms relating to building management and house rules
1. Schedule 1 - Property Details: Detailed description of the premises including floor plan and fixtures inventory
2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, especially if there are rent reviews or stepped increases
3. Schedule 3 - Condition Report: Detailed report of the property's condition at the start of the tenancy
4. Schedule 4 - House Rules: Building management rules and regulations
5. Schedule 5 - Fitting Out Guidelines: Guidelines for any permitted renovations or alterations
6. Appendix A - Floor Plan: Detailed floor plan of the premises
7. Appendix B - Photographs: Photographic evidence of property condition
8. Appendix C - Utilities Reading: Initial utility meter readings at handover
Authors
Building
Building Manager
Building Rules
Business Day
Commencement Date
Common Areas
Condition Report
Deposit
Emergency
Expiry Date
Government
Government Rent
Gross Floor Area
Hong Kong
Initial Term
Interest Rate
Land Registry
Landlord
Management Charges
Management Company
Notice
Occupation Permit
Ordinance
Parties
Permitted Use
Premises
Property
Rates
Rent
Rent Commencement Date
Rental Period
Schedule of Condition
Security Deposit
Service Charges
Stamp Duty
Structural Parts
Tenant
Term
Termination Date
Utilities
Working Hours
Term
Rent
Security Deposit
Management Fees
Government Rates and Rent
Utilities and Charges
Use of Premises
Alterations and Additions
Repairs and Maintenance
Insurance
Quiet Enjoyment
Assignment and Subletting
Property Management
Building Rules
Default and Remedies
Termination
Force Majeure
Indemnification
Access Rights
Notice Requirements
Registration and Stamp Duty
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Representations and Warranties
Environmental Compliance
Health and Safety
Fire Safety
Yield Up
Break Rights
Option to Renew
Signage Rights
Common Areas
Car Parking
Air Conditioning
Handover Conditions
Reinstatement
Real Estate
Property Management
Commercial Property
Residential Property
Retail
Office Space
Industrial
Hospitality
Healthcare
Education
Financial Services
Professional Services
Legal
Real Estate
Facilities Management
Operations
Finance
Compliance
Risk Management
Property Management
Asset Management
Administrative Services
Corporate Services
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Corporate Lawyer
Real Estate Agent
Leasing Manager
Asset Manager
Property Director
Operations Manager
Chief Financial Officer
Company Secretary
Compliance Officer
Risk Manager
Business Development Manager
Regional Director
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