Residential Leasing And Property Management Agreement Template for Hong Kong

The Residential Leasing And Property Management Agreement is designed for use in Hong Kong when property owners wish to establish both a residential tenancy and engage professional property management services under a single comprehensive agreement. This document is particularly relevant in situations involving high-end residential properties, serviced apartments, or properties where professional management is essential. It ensures compliance with Hong Kong's property laws, including the Landlord and Tenant (Consolidation) Ordinance and Building Management Ordinance, while providing clear structure for both the tenancy relationship and management services. The agreement covers essential aspects such as lease terms, rent, management fees, service standards, maintenance responsibilities, and operational procedures, making it suitable for properties requiring professional management oversight while being leased for residential purposes.

1. Parties: Identification of the landlord, tenant, and property management company with their full legal names and details

2. Background: Context of the agreement, including property details and the intention to combine leasing and management services

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Lease Grant and Term: Specific details of the lease grant, duration, and any renewal options

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

6. Security Deposit: Amount, payment terms, conditions for withholding, and return of security deposit

7. Property Management Services: Scope of management services, responsibilities, and service standards

8. Management Fees: Amount, calculation method, and payment terms for property management services

9. Utilities and Charges: Responsibility for utilities, management of accounts, and payment obligations

10. Maintenance and Repairs: Responsibilities for maintenance, repair procedures, and cost allocation

11. Use of Premises: Permitted use, restrictions, and rules regarding the property

12. Insurance: Insurance requirements for both parties and the property

13. Access and Inspection: Rights of access for landlord and management company

14. Tenant's Obligations: Complete list of tenant's responsibilities and commitments

15. Landlord's Obligations: Complete list of landlord's responsibilities and commitments

16. Property Manager's Obligations: Complete list of property manager's responsibilities and services

17. Default and Remedies: Events of default, consequences, and available remedies

18. Termination: Grounds for termination, notice requirements, and consequences

19. Handover: Property return conditions and procedures at lease end

20. Notices: Methods and requirements for formal communications

21. General Provisions: Standard contract clauses including governing law, entire agreement, etc.