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The Space Rental Agreement is a crucial legal document used in Hong Kong's dynamic real estate market for establishing formal leasing arrangements between property owners and occupants. This document is essential when any individual or business seeks to rent commercial, retail, or industrial space in Hong Kong. It encompasses all necessary elements required under Hong Kong law, including detailed premises descriptions, rental terms, maintenance obligations, and compliance requirements with local regulations. The agreement serves as a comprehensive framework that protects both parties' interests while ensuring compliance with Hong Kong's property laws, particularly the Landlord and Tenant (Consolidation) Ordinance. It's designed to prevent disputes by clearly defining rights, responsibilities, and remedies available to all parties involved.

1. Parties: Identification and details of the landlord and tenant, including full legal names, addresses, and registration numbers for companies

2. Background: Brief context of the rental arrangement and purpose of the agreement

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

4. Premises: Detailed description of the rented space, including address, floor area, and any included facilities

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

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

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

8. Permitted Use: Specified purposes for which the premises may be used

9. Landlord's Obligations: Key responsibilities of the landlord including maintenance, insurance, and service provisions

10. Tenant's Obligations: Key responsibilities of the tenant including maintenance, compliance with regulations, and conduct requirements

11. Utilities and Services: Responsibility for utilities, service charges, and management fees

12. Insurance: Required insurance coverage for both parties

13. Alterations and Improvements: Rules regarding modifications to the premises

14. Assignment and Subletting: Restrictions on transferring the lease or subletting the premises

15. Termination: Conditions and procedures for early termination

16. Default and Remedies: Consequences of breach and available remedies

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

18. Notices: Process for sending formal notices between parties

19. Entire Agreement: Standard boilerplate confirming this is the complete agreement between parties