Long Term Tenancy Agreement Template for Hong Kong

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Key Requirements PROMPT example:

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."

Document background
The Long Term Tenancy Agreement is a vital legal instrument in Hong Kong's property market, used for establishing extended rental arrangements typically exceeding one year. This document is essential for both commercial and residential properties, providing comprehensive coverage of the parties' rights and obligations under Hong Kong law. It incorporates requirements from the Landlord and Tenant (Consolidation) Ordinance and other relevant Hong Kong legislation, addressing everything from rental payments and maintenance obligations to specific local requirements such as stamp duty compliance. The agreement is particularly important for businesses establishing long-term operations, property investors managing their portfolios, and individuals seeking stable long-term housing arrangements in Hong Kong's dynamic property market.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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 legal definitions
Clauses
Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Retail

Office Space

Industrial

Hospitality

Healthcare

Education

Financial Services

Professional Services

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Compliance

Risk Management

Property Management

Asset Management

Administrative Services

Corporate Services

Relevant Roles

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

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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