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Rent To Rent Contract Template for Hong Kong

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Key Requirements PROMPT example:

Rent To Rent Contract

"I need a Rent to Rent Contract for a 20-unit residential building in Tsim Sha Tsui, Hong Kong, where my company will be the rent-to-rent operator subletting to corporate clients, with the head lease starting March 1, 2025."

Document background
The Rent To Rent Contract is essential for property arrangements in Hong Kong where a business operator intends to lease a property from the owner and subsequently sublet it to third parties. This document is particularly relevant in the growing markets of serviced apartments, corporate housing, and short-term rentals. It addresses the specific requirements of Hong Kong property law, including compliance with the Landlord and Tenant (Consolidation) Ordinance and related regulations. The agreement provides comprehensive coverage of primary lease terms, explicit subletting permissions, maintenance responsibilities, financial obligations, and risk management requirements. It's designed to protect both the property owner's interests and the rent-to-rent operator's business model while ensuring compliance with local legal and regulatory frameworks.
Suggested Sections

1. Parties: Identification of the head landlord and the rent-to-rent operator, including full legal names, addresses, and business registration details

2. Background: Context of the agreement, explaining the rent-to-rent business model and the parties' intentions

3. Definitions: Key terms used throughout the agreement, including 'Property', 'Head Lease', 'Sublease', 'Rent', 'Security Deposit', etc.

4. Grant of Lease: Terms of the primary lease granted to the rent-to-rent operator

5. Subletting Rights and Conditions: Explicit permission and conditions for subletting, including any restrictions or requirements

6. Rent and Payment Terms: Details of rent amount, payment schedule, review periods, and payment methods

7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit

8. Duration and Renewal: Term of the agreement, renewal options, and notice periods

9. Maintenance and Repairs: Responsibilities for property maintenance, repairs, and improvements

10. Insurance Requirements: Required insurance coverage for both primary tenant and property

11. Compliance with Laws: Obligations to comply with relevant Hong Kong laws and regulations

12. Default and Termination: Events of default, remedies, and termination procedures

13. Assignment and Transfer: Rights and restrictions regarding assignment or transfer of the agreement

14. Notices: Methods and addresses for formal communications between parties

15. Governing Law: Specification of Hong Kong law as governing law and jurisdiction

Optional Sections

1. Guarantees: Required when additional security is needed, specifying guarantee terms and guarantor obligations

2. Property Management: Include when the property is part of a managed building or estate, detailing compliance with management rules

3. Utilities and Services: Optional section detailing responsibility for utilities and service contracts

4. Alterations and Improvements: Include when specific permissions or restrictions for property modifications are needed

5. Break Clause: Optional early termination provisions if parties want flexibility

6. Rent Review: Include when parties want specific rent review mechanisms beyond standard renewal terms

7. Environmental Matters: Required for properties with specific environmental requirements or certifications

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property, including floor plans and included fixtures

2. Schedule 2 - Inventory: List of furniture, fixtures, and equipment included in the lease

3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments, including due dates and amounts

4. Schedule 4 - Permitted Subletting Terms: Standard terms and conditions to be used in sublease agreements

5. Schedule 5 - Maintenance Requirements: Specific maintenance obligations and standards

6. Appendix A - Required Insurance Certificates: Copies or details of required insurance policies

7. Appendix B - Property License/Permits: Copies of relevant property licenses and permits

8. Appendix C - Building Management Rules: Applicable building management rules and regulations

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

Relevant legal definitions

















































Clauses



































Relevant Industries

Real Estate

Property Management

Hospitality

Serviced Apartments

Student Housing

Corporate Housing

Property Investment

Short-term Rentals

Relevant Teams

Legal

Operations

Property Management

Real Estate

Compliance

Risk Management

Facilities

Business Development

Asset Management

Relevant Roles

Property Manager

Real Estate Manager

Operations Director

Legal Counsel

Contracts Manager

Business Development Manager

Asset Manager

Property Investment Manager

Facilities Manager

Compliance Officer

Risk Manager

Housing Manager

Leasing Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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