Release From Lease Agreement Letter Template for Hong Kong

The Release From Lease Agreement Letter is a crucial document in Hong Kong's property market, used when both landlord and tenant mutually agree to terminate a lease before its scheduled end date. This document, governed by Hong Kong law including the Landlord and Tenant (Consolidation) Ordinance, provides legal protection for all parties by formally documenting the early termination agreement. It typically includes specific details about the property, original lease reference, termination date, security deposit arrangements, and confirmation that both parties release each other from future obligations. The document is particularly important in Hong Kong's dynamic property market where early lease terminations are common due to business relocations, residential moves, or changing market conditions. A properly executed Release From Lease Agreement Letter helps prevent future disputes and provides clear documentation for both accounting and legal purposes.

1. Date and Address Block: Current date and full contact details of both landlord and tenant

2. Subject Line: Clear identification of the document as a Release From Lease Agreement for the specific property

3. Lease Reference: Details of the original lease including date, parties, and property address

4. Release Statement: Clear statement of mutual agreement to terminate the lease and release both parties from further obligations

5. Effective Date: Specific date when the release takes effect

6. Security Deposit: Statement regarding the return of security deposit and timeline

7. Property Condition: Confirmation of property inspection and condition

8. Mutual Release: Statement that both parties release each other from future claims related to the lease

9. Signature Block: Space for signatures of both parties, dates, and witness details if required