Private Residential Tenancy Agreement Template for Hong Kong

The Private Residential Tenancy Agreement is essential for formalizing residential rental arrangements in Hong Kong's dynamic property market. This document is used when a property owner (landlord) agrees to rent out a residential property to an occupier (tenant) for residential purposes. It encompasses all necessary provisions required under Hong Kong law, including those stipulated by the Landlord and Tenant (Consolidation) Ordinance. The agreement serves as a comprehensive legal framework detailing rent payments, security deposits, maintenance responsibilities, utility charges, and other crucial terms while incorporating specific requirements of Hong Kong's property legislation. It provides essential protection for both landlords and tenants while ensuring compliance with local regulations and market practices.

1. Parties: Identification and details of the landlord and tenant, including HKID/passport numbers and correspondence addresses

2. Background: Brief context of the tenancy arrangement and property ownership

3. Definitions: Key terms used throughout the agreement including 'Premises', 'Term', 'Rent', 'Deposit'

4. Demise: Formal grant of tenancy and specification of the premises

5. Term: Duration of tenancy, commencement date, and expiry date

6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences

7. Deposit: Security deposit amount, terms of holding and return conditions

8. Utilities and Charges: Responsibility for utilities, management fees, government rent and rates

9. Use of Premises: Permitted use of premises and restrictions

10. Tenant's Obligations: Key responsibilities including maintenance, repairs, and conduct

11. Landlord's Obligations: Key responsibilities including structural repairs and quiet enjoyment

12. Insurance: Requirements for insurance coverage by both parties

13. Termination: Grounds for termination and notice requirements

14. Surrender: Conditions for returning the premises at the end of tenancy

15. Notices: Method and addresses for serving formal notices

16. Governing Law: Confirmation of Hong Kong law governance and jurisdiction