In unprecedented scenarios, like COVID-19 or sudden block in cash flows, businesses may wish to be discharged from the tenancy agreement to prevent liabilities. Indeed, there are lawful ways to end such tenancy: 1. Break clause / termination clause A break clause or termination clause allows both the landlord and tenant to terminate the tenancy … Read more
Tenancy Agreement for the lease of commercial property with options on rent free period and early termination. The term is generally less than 3 years. This is drafted in neutral form.
Tenancy Agreement for the lease of residential property with options on rent-free period and early termination. The term is generally less than 3 years. This is drafted in neutral form.
In relation to a lease / tenancy /rental, a termination notice is given by Tenant to the Landlord for early termination under the Agreement by the Tenant. This is drafted from the perspective of the Tenant.
Provisional agreement for sales and purchase of property between Vendor, Purchaser and Agent highlighting the specifics of the sales and general terms and conditions relating to the transaction.
A Two-party Mortgage is a standard form of mortgage between the Mortgagor (i.e. the Borrower) and the Mortgagee (i.e. the Lender) in relation to a mortgage of real property provided as security by the Mortgagor for the loan facility provided by the Lender.
As per the Landlord and Tenant (Consolidation) (Amendment) Ordinance 2004, the tenant does not have a right to continue to occupy the property after the expiry of a commercial lease. Returning the property At the end of the lease, a tenant should return the property to the landlord in the original handover condition at the … Read more
Normally, commercial leases do not have a break clause in Hong Kong. However, if the lease agreement contains a termination clause then a tenancy may be brought to an end by the landlord due to: Non-payment of rent Breach of agreement by tenant Sale/development of property To exercise this right, the landlord will have to … Read more
Mostly, commercial leases provide an option to the tenant to renew an existing tenancy. This option to renew gives the tenant a right to continue to rent the property after the expiry of the existing tenancy. However, in absence of such an option to renew, you must negotiate a new lease before the expiration of … Read more
When entering into a commercial lease, there are initial costs that you, as the tenant, must pay when signing a lease. Additionally there are on-going costs a tenant must pay when they are leasing the property, and it will depend on the terms of the lease. Initial costs Security deposits The tenant needs to pay … Read more