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The Condo Lease Agreement is a crucial legal document used in Hong Kong's residential real estate market for establishing a formal tenancy relationship between a landlord and tenant for condominium properties. This document is essential for protecting both parties' interests and ensuring compliance with Hong Kong's residential tenancy laws, particularly the Landlord and Tenant (Consolidation) Ordinance. It should be used whenever a residential condominium unit is being leased, whether furnished or unfurnished, and typically includes provisions for rent, security deposit, utilities, maintenance responsibilities, and building management regulations. The agreement must reflect specific Hong Kong requirements regarding stamp duty, government rent, rates, and management fees, which are unique aspects of Hong Kong property leases.

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

2. Background: Brief context about the property and the parties' intention to enter into the lease agreement

3. Definitions: Defines key terms used throughout the agreement including Property, Term, Rent, Deposit, etc.

4. Demise: Formal grant of the lease and specification of the property being leased

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

6. Rent and Payment Terms: Rental amount, payment schedule, payment method, and late payment consequences

7. Deposit: Security deposit amount, terms of holding and return conditions

8. Government Rent, Rates and Management Fees: Responsibility for payment of government charges and building management fees

9. Utilities and Services: Responsibility for utilities connection and payment

10. Tenant's Covenants: Tenant's obligations including maintenance, use restrictions, and compliance with regulations

11. Landlord's Covenants: Landlord's obligations including quiet enjoyment and maintenance responsibilities

12. Insurance: Requirements for insurance coverage by both parties

13. Termination: Circumstances and procedures for early termination and consequences

14. Notices: How formal notices should be given between parties

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

16. Execution: Signature blocks and execution formalities