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5 Year Lease Agreement Template for Hong Kong

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Key Requirements PROMPT example:

5 Year Lease Agreement

"I need a 5 Year Lease Agreement for a Grade A commercial office space in Central, Hong Kong, starting March 1, 2025, with special provisions for fit-out period and signage rights for a multinational tech company."

Document background
This 5 Year Lease Agreement is essential for establishing medium-term tenancy arrangements in Hong Kong's dynamic property market. It serves as a fundamental legal document for both commercial and residential properties, incorporating all necessary elements required under Hong Kong law, including the Landlord and Tenant (Consolidation) Ordinance and related regulations. The agreement is particularly suitable for businesses seeking stability in their property arrangements while maintaining flexibility for future growth. It includes comprehensive provisions for rent reviews, maintenance obligations, service charges, and other key terms specific to Hong Kong's property environment. The document is structured to protect both landlord and tenant interests, ensuring clarity in rights, responsibilities, and obligations throughout the lease term.
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 ownership

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

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

5. Term: Duration of the lease, including start and end dates

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

7. Rent Review: Provisions for periodic rent reviews during the 5-year term

8. Service Charges: Tenant's obligations for building service charges and management fees

9. Deposit: Security deposit requirements and terms for return

10. Use of Premises: Permitted use of the property and any restrictions

11. Tenant's Covenants: Tenant's obligations including maintenance, repairs, and compliance with regulations

12. Landlord's Covenants: Landlord's obligations including structural repairs and insurance

13. Insurance: Insurance requirements for both parties

14. Assignment and Subletting: Restrictions and conditions for transfer of lease or subletting

15. Termination: Circumstances and procedures for lease termination

16. Yielding Up: Conditions for returning the premises at lease end

17. Notices: Process for serving formal notices between parties

18. Governing Law: Confirmation of Hong Kong law as governing law

Optional Sections

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

2. Fit-out Works: Terms for initial tenant improvements or modifications

3. Air Conditioning: Specific provisions for air conditioning services and charges

4. Signage Rights: Terms for external or internal signage installation and maintenance

5. Car Parking: Allocation and terms of car parking spaces if applicable

6. Green Lease Provisions: Environmental and sustainability requirements

7. Additional Security: Requirements for bank guarantees or personal guarantees

8. Option to Renew: Terms for lease renewal after the initial 5-year term

9. Quiet Enjoyment: Enhanced provisions for tenant's undisturbed use

10. Force Majeure: Provisions for unforeseen circumstances affecting lease obligations

Suggested Schedules

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

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and review dates

3. Schedule 3 - Service Charge Components: Itemized list of service charge inclusions and calculations

4. Schedule 4 - Condition Report: Initial condition of the premises with photographs

5. Schedule 5 - Building Rules and Regulations: Specific rules governing the use of the building

6. Schedule 6 - Fit-out Guidelines: Technical specifications for permitted alterations

7. Schedule 7 - Handover Inventory: List of fixtures, fittings, and equipment included in the lease

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

9. Appendix B - Maintenance Schedule: Schedule of maintenance responsibilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Real Estate

Retail

Commercial Office

Industrial

Logistics

Manufacturing

Financial Services

Professional Services

Technology

Healthcare

Education

Hospitality

Food & Beverage

Relevant Teams

Legal

Finance

Operations

Facilities Management

Real Estate

Corporate Services

Compliance

Administration

Property Management

Asset Management

Relevant Roles

Property Manager

Facilities Manager

Legal Counsel

Real Estate Director

Chief Financial Officer

Operations Manager

Commercial Director

Leasing Manager

Asset Manager

Company Secretary

Finance Manager

Corporate Services Manager

Compliance Officer

Real Estate Partner

Property Lawyer

Industries





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