Document background
The Termination of Tenancy Agreement is a crucial document used in Hong Kong when parties mutually agree to end their landlord-tenant relationship, either before the original lease expiration or at term end. This document is essential for both residential and commercial properties in Hong Kong, providing a clear framework for termination while ensuring compliance with local property laws, particularly the Landlord and Tenant (Consolidation) Ordinance. It covers critical aspects such as termination date, handover conditions, deposit refund, utility settlements, and mutual release from obligations. The agreement helps prevent future disputes by clearly documenting the terms agreed upon by both parties and can be used as evidence of proper termination for various purposes, including updating land registry records and closing utility accounts.
