Simple Commercial Lease Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Simple Commercial Lease Agreement

"I need a Simple Commercial Lease Agreement for a 1,200 sq ft retail space in Tsim Sha Tsui, Hong Kong, with a 3-year term starting March 1, 2025, including provisions for signage rights and an option to renew for an additional 2 years."

Document background
The Simple Commercial Lease Agreement is a fundamental legal document used in Hong Kong for establishing commercial tenancy relationships. It is particularly suitable for straightforward commercial property leases where parties seek a clear, uncomplicated arrangement without complex special provisions. This document complies with Hong Kong property law requirements and is commonly used for retail spaces, offices, and other commercial properties. The agreement covers essential elements including property details, rental terms, tenant and landlord obligations, and standard commercial protections, while remaining more accessible than more complex commercial lease variations. It's designed to provide adequate protection for both parties while avoiding unnecessary complexity that might be found in institutional-grade lease agreements.
Suggested Sections

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

2. Background: Brief context of the lease arrangement and property overview

3. Definitions: Definitions of key terms used throughout the lease agreement

4. Demise: Formal grant of lease and precise description of the leased premises

5. Term and Possession: Duration of lease, commencement date, and possession details

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

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

8. Utilities and Service Charges: Responsibility for utilities, management fees, and other charges

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

10. Maintenance and Repairs: Responsibilities of both parties for maintenance and repairs

11. Insurance: Required insurance coverage for both parties

12. Assignment and Subletting: Restrictions and conditions for assignment or subletting

13. Landlord's Covenants: Obligations and warranties of the landlord

14. Tenant's Covenants: Obligations and warranties of the tenant

15. Termination: Grounds and procedures for early termination

16. Governing Law: Specification of Hong Kong law as governing law

17. Execution: Signature blocks and execution requirements

Optional Sections

1. Break Clause: Optional provision allowing early termination under specific conditions

2. Rent Review: Mechanism for periodic rent adjustments, if applicable

3. Renovation and Alterations: Terms for premises modifications, used when renovations are anticipated

4. Option to Renew: Terms for lease renewal, if renewal option is offered

5. Car Parking: Details of parking arrangements if included in the lease

6. Signage Rights: Terms for external or internal signage if relevant

7. Green Lease Provisions: Environmental and sustainability requirements if desired

8. Force Majeure: Provisions for unexpected events, particularly relevant post-COVID

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the premises including floor plans and measurements

2. Schedule 2 - Rent Calculation: Breakdown of rent, management fees, and other charges

3. Schedule 3 - Condition Report: Detailed report of premises condition at commencement of lease

4. Schedule 4 - Building Rules: Building management rules and regulations

5. Schedule 5 - Fitting Out Guide: Guidelines for any tenant fitting out works

6. Schedule 6 - Inventory: List of landlord's fixtures and fittings if furnished

7. Appendix A - Plans: Floor plans and location maps

8. Appendix B - Handover Checklist: Checklist for property handover procedures

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

Relevant Industries

Real Estate

Retail

Office Space

Food and Beverage

Professional Services

Manufacturing

Warehouse and Storage

Technology

Healthcare

Education

Financial Services

Entertainment

Relevant Teams

Legal

Operations

Finance

Real Estate

Facilities Management

Risk and Compliance

Administration

Property Management

Asset Management

Relevant Roles

Property Manager

Facilities Manager

Real Estate Director

Commercial Director

Business Owner

Operations Manager

Legal Counsel

Company Secretary

Chief Financial Officer

Real Estate Agent

Leasing Manager

Asset Manager

Property Administrator

Risk Manager

Compliance Officer

Industries
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

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