All Countries
Real Estate
Rent Increase Agreement

Rent Increase Agreement Template for Hong Kong

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Rent Increase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Rent Increase Agreement

"I need a Rent Increase Agreement for my commercial property in Central, Hong Kong, implementing a 15% rent increase effective March 1, 2025, with the current tenant being a retail company that has occupied the space for 3 years."

Celebrated by
Collaborations with
Investors
Document background
The Rent Increase Agreement is a crucial document used in Hong Kong's property market when landlords wish to formally implement a rent increase within the framework of an existing tenancy. This document type is essential for compliance with Hong Kong's landlord-tenant regulations, particularly the Landlord and Tenant (Consolidation) Ordinance. It's commonly used in both residential and commercial contexts when market conditions or property values justify a rent adjustment. The agreement must detail the new rent amount, effective date, and implementation method while ensuring proper notice periods are observed. It serves as an addendum to the original lease, maintaining legal continuity while updating the rental terms. The document can be customized to include various optional provisions such as phased increases or review mechanisms, making it adaptable to different property types and market situations.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names and addresses

2. Background: Reference to the existing tenancy agreement, its date, and current rent amount

3. Definitions: Key terms used in the agreement, including 'Effective Date', 'Current Rent', 'New Rent', and 'Premises'

4. Rent Increase: Specific details of the rent increase, including the new amount and effective date

5. Implementation: How and when the new rent will be implemented, including payment method and timing

6. Confirmation of Other Terms: Statement that all other terms of the original tenancy agreement remain unchanged

7. Governing Law: Confirmation that the agreement is governed by Hong Kong law

8. Execution: Signature blocks for all parties and date of signing

Optional Sections

1. Notice Period: Details of notice period given for the rent increase, if different from statutory requirements

2. Phased Implementation: Include when the rent increase will be implemented in stages rather than as a single increase

3. Rent Review Mechanism: Include when parties want to establish a mechanism for future rent reviews

4. Break Clause: Option for tenant to terminate the tenancy if they do not accept the rent increase

5. Utilities and Services: Include if changes to utility payments or service charges are also being modified

6. Agent Authority: Include when the agreement is being executed by agents on behalf of either party

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the premises including address and property features

2. Schedule 2 - Rent Calculation: Breakdown of how the new rent amount was calculated, including any applicable indices or market comparisons

3. Schedule 3 - Payment Schedule: Detailed payment schedule if implementing phased increases

4. Appendix A - Original Tenancy Agreement: Copy of the original tenancy agreement being modified

5. Appendix B - Notice of Rent Increase: Copy of the formal notice of rent increase previously served (if applicable)

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Commercial Leasing

Residential Property

Retail

Office Space

Industrial Property

Hospitality

Professional Services

Legal Services

Relevant Teams

Legal

Real Estate

Property Management

Operations

Asset Management

Facilities

Compliance

Administration

Leasing

Contract Management

Relevant Roles

Property Manager

Real Estate Attorney

Leasing Manager

Asset Manager

Facilities Manager

Legal Counsel

Property Administrator

Tenancy Coordinator

Real Estate Agent

Contract Administrator

Operations Manager

Real Estate Director

Compliance Officer

Property Portfolio Manager

Industries
Landlord and Tenant (Consolidation) Ordinance (Cap. 7): Primary legislation governing landlord-tenant relationships in Hong Kong, including provisions for rent increases, notice requirements, and tenancy regulations
Lands Tribunal Ordinance (Cap. 17): Establishes jurisdiction and procedures for resolving tenancy disputes, including those related to rent increases
Law Amendment and Reform (Consolidation) Ordinance (Cap. 23): Contains general contract law principles applicable to tenancy agreements and their modifications
Rating Ordinance (Cap. 116): Governs the assessment of rateable values of properties, which can affect rent calculations and increases
Stamp Duty Ordinance (Cap. 117): Relevant for stamp duty requirements on tenancy modification agreements, including rent increase documents
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

Find the exact document you need

Rent A Room Licence Agreement

A Hong Kong-compliant legal agreement granting a license to occupy a room, setting out terms, conditions, and obligations between licensor and licensee.

find out more

Lease Hire Agreement

A Hong Kong law-governed agreement establishing terms and conditions for asset hiring between lessor and lessee, including payment, maintenance, and usage terms.

find out more

Rent Increase Letter

A formal notice compliant with Hong Kong law that informs tenants of an upcoming rent increase for their leased property.

find out more

Notice To Quit To Landlord

A formal notice under Hong Kong law used by tenants to inform landlords of their intention to terminate a tenancy agreement.

find out more

Notice Of Non Renewal Of Employment Contract

A formal notice under Hong Kong employment law informing an employee that their fixed-term employment contract will not be renewed upon expiration.

find out more

30 Day Rent Increase Notice

A Hong Kong-compliant notice document informing tenants of an upcoming rent increase with 30 days advance notice.

find out more

60 Day Rent Increase Notice

A Hong Kong-compliant formal notice document informing tenants of a rent increase with 60 days advance notice, including current and new rent amounts and effective date.

find out more

Rent Increase Agreement

A Hong Kong law-governed agreement that formally documents and implements an increase in rent between landlord and tenant, modifying the existing tenancy agreement.

find out more

Month To Month Rent Agreement

A Hong Kong-compliant month-to-month residential tenancy agreement template establishing terms and conditions for flexible rental arrangements.

find out more

Rent Guarantee Agreement

A Hong Kong law-governed agreement where a guarantor commits to fulfilling a tenant's rental obligations in case of default.

find out more

Rental Guarantor Letter

A Hong Kong law-governed document where a guarantor commits to covering a tenant's rental obligations in case of default.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.