Document background
The Rental Deposit Agreement is a crucial document used in Hong Kong's property rental market to protect the interests of both landlords and tenants regarding security deposits. It is typically executed alongside or following a primary tenancy agreement and is essential for both residential and commercial properties. The agreement must comply with Hong Kong's legal framework, particularly the Landlord and Tenant (Consolidation) Ordinance, and includes specific provisions for deposit amount, permitted deductions, return conditions, and timelines. This document becomes particularly important in cases of dispute resolution and provides clear guidelines for handling the deposit throughout the tenancy period and during its termination.
