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This Furnished Apartment Lease agreement is designed for use in Hong Kong's residential property market, where furnished apartments form a significant segment of the rental market. The document is particularly relevant for landlords offering fully furnished residential properties and tenants seeking turn-key living solutions. It incorporates all necessary provisions required under Hong Kong law, including compliance with the Landlord and Tenant (Consolidation) Ordinance, while specifically addressing the additional complexities of furnished properties. The agreement includes detailed sections on furniture inventory, condition reporting, maintenance responsibilities, and specific provisions for the care and return of furnished items. It is commonly used in both private residential leasing and corporate housing arrangements, providing comprehensive protection for both parties' interests in relation to both the property and its contents.

1. Parties: Identification and details of the landlord and tenant, including full legal names, identification numbers, and contact information

2. Background: Brief context of the agreement and property ownership

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

4. Demise: Description of the property being leased and confirmation of the landlord's right to lease

5. Term and Possession: Duration of the lease, commencement date, and possession details

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

7. Deposit: Security deposit amount, payment terms, and conditions for return

8. Utilities and Charges: Responsibility for utilities, management fees, government rates, and other charges

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

10. Maintenance and Repairs: Responsibilities for maintaining the property and furnished items

11. Insurance: Insurance requirements for both parties

12. Landlord's Obligations: Key responsibilities and commitments of the landlord

13. Tenant's Obligations: Key responsibilities and commitments of the tenant

14. Termination: Conditions and procedures for early termination

15. Return of Premises: Conditions for returning the property and furnished items

16. Notices: How formal communications between parties should be made

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

18. Entire Agreement: Standard entire agreement clause