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The Buy Tenancy Agreement is a fundamental legal document used in Hong Kong's property market to establish and regulate the landlord-tenant relationship. This document is essential when parties wish to enter into a formal tenancy arrangement, whether for residential or commercial properties. It incorporates specific requirements under Hong Kong law, including provisions from the Landlord and Tenant (Consolidation) Ordinance, Stamp Duty Ordinance, and other relevant legislation. The agreement comprehensively covers all aspects of the tenancy, from basic terms such as rent and duration to specific provisions about property use, maintenance, and termination rights. It serves as a vital tool for protecting both parties' interests and ensuring legal compliance in Hong Kong's dynamic property market.

1. Parties: Identifies and provides full details of the landlord and tenant, including Hong Kong ID numbers/Business Registration numbers

2. Background: Sets out the context of the agreement, including brief property details and parties' intention to enter into a tenancy

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Property Details: Comprehensive description of the premises being let, including address and any included fixtures/fittings

5. Term: Specifies the duration of the tenancy, including start and end dates

6. Rent and Payment Terms: Details of rent amount, payment schedule, method of payment, and late payment consequences

7. Deposit: Specifies security deposit amount, terms of holding, and conditions for refund

8. Utilities and Charges: Allocation of responsibility for utilities, management fees, government rent, and rates

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

10. Tenant's Obligations: Comprehensive list of tenant's responsibilities including maintenance, repairs, and conduct

11. Landlord's Obligations: Details of landlord's duties and responsibilities

12. Insurance: Requirements for insurance coverage by both parties

13. Termination: Circumstances and procedures for early termination by either party

14. Assignment and Subletting: Restrictions on assignment and subletting of the premises

15. Notices: Procedures for serving notices between parties

16. Governing Law: Confirms Hong Kong law as governing law and jurisdiction

17. Execution: Signature blocks and execution formalities