Surrender Agreement Hong Kong

Answer 2: In general, the landlord and tenant can mark the changes on the existing lease and then put their signatures next to the changes. The parties can also enter into an amendment agreement that contains all the amendments, instead of putting many amendments on different parts of the existing agreement. Whether a party to the lease is legally required to improve, maintain or repair a property is a complex one. A lease is usually signed by a lease agreement for up to 3 years. A lease agreement can be signed or agreed orally between the parties. In the case of commercial space, it is common for leases to have an express obligation to provide premises in a « bare-shell » state to the appropriate satisfaction of the owner (i.e. the removal of all devices, including electrical/drainage equipment, ceilings, floor layers, plumbing and firefighters, and leave behind only plaster/concrete surfaces). Depending on the circumstances, some parties may also enter into lease/lease agreements with the assistance of real estate agents in order to record the agreed terms in a standard form and to include any additional clauses they wish to add. Regardless of the rights and obligations agreed by the parties, the lessor may also voluntarily carry out repairs and maintenance of goodwill and maintenance of the relationship with the tenant. Since most leases in Hong Kong are concluded in the short term, any state of dilapidation or damage resulting from defects would most likely be detrimental to the owner`s interests in the long term. On this basis, owners often agree to pay a fee to remedy property defects (e.g.B. repair damaged walls, replace defective air conditioners/refrigerators, and inject termite/insectics, etc.).

The landlord must also clearly state in the sale and sale contract (or before the sale) the sharing of rent (including unpaid rent as the tenant`s debt). The lessor must also inform the tenant of the planned sale and correctly, the method of identification/contact of the buyer and the method of payment (p. B. buyer`s bank account) and process the deposit paid by the tenant. A better-developed tenancy agreement also examines whether the tenant is responsible for paying administrative fees, rates, government rents or other costs (such as procurement and telecommunications services). For a tenant who does not rent or partially pay, the tenancy agreement may sometimes include an express clause that authorizes the lessor to terminate (or cancel) the tenancy agreement in the event of a possible amount of non-payment or delayed rent. In West Coast International (Parking) Ltd v Secretary for Justice ([2001] HKEC 442, CA) L T granted a lease for a limited period of two years. At the end of the two years, the agreement provided that the lease would continue from quarter to quarter until it was terminated by both parties in accordance with the agreement. The lease gave the landlord the right to review the rent at the end of the third year of the contract.

The owner made use of this right. The Tenant has filled out a response bulletin stating that he is willing to pay the increased rent and to pay an additional deposit (the contract provided for an increase in rent, but not the amount of the deposit). Shortly thereafter, the owner announced a dismissal.