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Tenancy Release Form
"I need a Tenancy Release Form for my commercial property in Central, Hong Kong, where both parties have agreed to early termination effective March 1, 2025, with special provisions for the return of renovations made by the tenant."
1. Parties: Identification of the landlord and tenant, including full names, addresses, and any reference numbers from the original tenancy agreement
2. Background: Reference to the original tenancy agreement including its date, property address, and term
3. Definitions: Key terms used in the release form, including 'Original Tenancy Agreement', 'Property', 'Release Date'
4. Confirmation of Termination: Clear statement of the agreed termination date and mutual agreement to end the tenancy
5. Mutual Release: Statement releasing both parties from future obligations under the tenancy agreement
6. Return of Security Deposit: Details of the security deposit return arrangement and timeline
7. Vacant Possession: Confirmation that the tenant will deliver or has delivered vacant possession of the property
8. Execution: Signature blocks for all parties and witnesses
1. Outstanding Payments: Used when there are any pending utility bills, rent, or other charges to be settled
2. Property Condition: Include when specific agreements about the condition of the property or repairs need to be documented
3. Keys and Access Devices: Used when there are specific arrangements for returning keys, access cards, or other property access devices
4. Surviving Obligations: Include when certain obligations need to survive the termination
5. Personal Property: Used when addressing abandonment or removal of tenant's personal property
6. Third Party Rights: Include when the contract needs to address rights of third parties under the Contracts (Rights of Third Parties) Ordinance
1. Schedule 1 - Financial Settlement: Detailed breakdown of all financial settlements including security deposit, outstanding rent, and utilities
2. Schedule 2 - Property Inspection Report: Documentation of the property's condition at the time of release
3. Schedule 3 - Inventory List: List of any fixtures, fittings, or items included in the original tenancy that need to be accounted for
4. Appendix A - Photographic Evidence: Photos documenting the property's condition (if required)
Authors
Mutual Release
Termination
Security Deposit
Vacant Possession
Settlement of Accounts
Property Condition
Keys and Access
Outstanding Obligations
Representations and Warranties
Governing Law
Entirety of Agreement
Severability
Further Assurance
Costs and Expenses
Notices
Third Party Rights
Execution
Real Estate
Residential Property
Commercial Property
Retail
Industrial
Hospitality
Office Space Management
Property Development
Property Investment
Facilities Management
Legal
Real Estate
Property Management
Facilities Management
Operations
Asset Management
Tenant Relations
Compliance
Administration
Leasing
Property Manager
Real Estate Agent
Leasing Manager
Facilities Manager
Legal Counsel
Property Administrator
Asset Manager
Building Manager
Tenant Relations Manager
Property Operations Manager
Compliance Officer
Real Estate Portfolio Manager
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