The Online Residential Lease Agreement is specifically designed for property lettings in Hong Kong's dynamic residential market. This document serves as a legally binding contract between landlords and tenants, incorporating all essential elements required under Hong Kong law while leveraging digital execution capabilities. It is particularly useful for landlords, property managers, and real estate agents who want to streamline their leasing process through online channels. The agreement includes comprehensive provisions covering rent, deposits, maintenance obligations, utilities, and other crucial terms, while ensuring compliance with both traditional tenancy requirements and electronic transaction regulations. This template is especially relevant in today's digital age where remote execution of documents has become increasingly important, and includes specific provisions to ensure validity under the Electronic Transactions Ordinance of Hong Kong.
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1. Parties: Identification of the landlord and tenant, including full legal names, Hong Kong ID numbers/passport numbers, and contact details
2. Background: Brief context of the agreement and property letting arrangement
3. Definitions: Key terms used throughout the agreement, including 'Premises', 'Term', 'Rent', 'Deposit', etc.
4. Demise: Specific details of the property being leased, including address and property features
5. Term: Duration of the lease, including start and end dates
6. Rent and Payment: Rent amount, payment schedule, payment methods, and late payment consequences
7. Deposit: Security deposit amount, terms of holding, and conditions for refund
8. Utilities and Charges: Responsibility for utilities, management fees, and other charges
9. Use of Premises: Permitted use of the property and occupancy restrictions
10. Tenant's Obligations: Comprehensive list of tenant responsibilities including maintenance, repairs, and conduct
11. Landlord's Obligations: Comprehensive list of landlord responsibilities and warranties
12. Insurance: Insurance requirements for both parties
13. Maintenance and Repairs: Responsibilities for property maintenance and repair procedures
14. Assignment and Subletting: Restrictions on assignment and subletting of the premises
15. Termination: Grounds and procedures for early termination by either party
16. Electronic Execution: Provisions for online signing and agreement validity
17. Governing Law: Specification of Hong Kong law as governing law and jurisdiction
18. Notices: Methods and addresses for formal communications between parties
1. Special Conditions: Additional terms specific to the property or parties' requirements
2. Renovation and Alterations: Include when specific renovation or alteration works are anticipated or restricted
3. Car Parking: Include when a parking space is part of the lease
4. Pets: Include when pets are allowed or specifically prohibited
5. Domestic Helper Quarters: Include when the property includes domestic helper accommodation
6. Building Rules: Include when there are specific building or estate rules to be followed
7. Option to Renew: Include when offering the tenant an option to extend the lease
8. Break Clause: Include when parties agree to specific early termination rights
9. Furniture and Fittings: Include when the property is furnished or partially furnished
1. Schedule 1 - Property Details: Detailed description of the premises, including floor plan and building facilities
2. Schedule 2 - Inventory List: Detailed list of furniture, appliances, and fittings provided with the property
3. Schedule 3 - Property Condition Report: Detailed report of the property's condition at the start of tenancy
4. Schedule 4 - House Rules: Building management rules and regulations
5. Schedule 5 - Payment Schedule: Detailed breakdown of rent, management fees, and other charges
6. Appendix A - Photographs: Photographic evidence of property condition
7. Appendix B - Utility Transfer Forms: Forms for transferring utility accounts
8. Appendix C - Electronic Signing Instructions: Step-by-step guide for online execution of the agreement
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