The Short Lease Agreement is a fundamental legal document used in Hong Kong's property market for both residential and commercial lettings. It is particularly suitable for lease terms under three years and provides a standardized framework for documenting the landlord-tenant relationship while ensuring compliance with Hong Kong's property laws and regulations. This document is essential for protecting both parties' interests, clearly defining their rights and obligations, and ensuring proper documentation of key terms including rent, duration, deposit, and maintenance responsibilities. The agreement must comply with the Landlord and Tenant (Consolidation) Ordinance and other relevant Hong Kong legislation, including stamp duty requirements and building management regulations.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Brief context explaining the intention to create a lease agreement
3. Definitions: Key terms used throughout the agreement
4. Property Details: Specific description and address of the property being leased
5. Term and Commencement: Duration of lease and start date
6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment
7. Deposit: Security deposit amount, terms of holding and return
8. Utilities and Other Charges: Responsibility for utilities, management fees, government rates and rent
9. Use of Property: Permitted use and restrictions on use of the property
10. Tenant's Obligations: Key responsibilities of the tenant including maintenance, repairs, and conduct
11. Landlord's Obligations: Key responsibilities of the landlord including structural repairs and insurance
12. Termination: Circumstances and process for ending the lease
13. Notices: How formal communications between parties should be made
14. Governing Law: Confirmation that Hong Kong law governs the agreement
1. Furniture and Fittings: Details of furnished items if the property is let furnished
2. Special Building Rules: Include if the property is subject to specific building management rules
3. Pet Clause: Include if pets are allowed or specifically prohibited
4. Break Clause: Optional early termination provisions if agreed between parties
5. Subletting and Assignment: Include if subletting or assignment rights are to be granted
6. Renovation and Alterations: Include if specific renovation rights or restrictions are needed
7. Car Parking: Include if parking space is part of the lease
8. Access Rights: Include if there are special arrangements for landlord access
1. Schedule 1 - Property Inventory: Detailed list of furniture, appliances and fittings if property is furnished
2. Schedule 2 - Property Condition Report: Documentation of property condition at commencement of lease
3. Schedule 3 - Building Rules: Copy of building management rules if applicable
4. Schedule 4 - Floor Plan: Layout of the property including any excluded or included areas
5. Appendix A - Utilities Reading: Initial meter readings for utilities at handover
6. Appendix B - Handover Checklist: List of items to be checked during property handover
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