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The Safe Deposit Box Lease Agreement is a crucial document used in the Hong Kong banking sector to establish a formal relationship between financial institutions and customers requiring secure storage facilities. This agreement is essential when customers need to store valuable items, important documents, or other permitted possessions in a bank's secure facility. The document comprehensively addresses key aspects such as access rights, security protocols, rental terms, and liability limitations, while ensuring compliance with Hong Kong banking regulations, including the Banking Ordinance (Cap. 155) and relevant anti-money laundering requirements. The agreement is designed to protect both the bank's interests and customer rights, providing clear guidelines for the service while incorporating necessary legal safeguards under Hong Kong law.

1. Parties: Identification of the bank (lessor) and the customer (lessee)

2. Background: Brief context explaining the purpose of the agreement and the service being provided

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

4. Box Lease: Details of the safe deposit box being leased, including box number, size, and location

5. Term and Rental: Duration of the lease and rental fee details, including payment terms and renewal provisions

6. Access Rights: Rules and procedures for accessing the safe deposit box, including identification requirements and operating hours

7. Keys and Security: Provisions regarding key handling, security measures, and procedures for lost keys

8. Prohibited Items: List of items that cannot be stored in the safe deposit box

9. Bank's Rights and Responsibilities: The bank's obligations, including security measures and right to access the box in specific circumstances

10. Customer's Obligations: Customer's responsibilities regarding box usage, payment, and compliance with rules

11. Liability and Insurance: Limitations of bank's liability and insurance requirements

12. Termination: Conditions and procedures for terminating the lease agreement

13. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes