This electronic package consists of a model housing rental agreement and a series of instructions for stamping, registering and submitting Form CR109 for a residential tenancy agreement. The rental agreement and presentation guides are available in both English and Chinese. The public can adapt and use the standard rental agreement according to their own residential rental situation. The guidelines provide a detailed guide on the steps to be taken by the public to meet the legal requirements for stamping, registration and submission of Form CR 109 after signing a residential tenancy agreement. If you have any questions or need help adjusting a lease, our professional team at Engel & Volkers can help guide you in the right direction. It is also advantageous that you can create the best lease with a qualified real estate lawyer – so that you and your tenants can be in harmonious partnership. The standard deposit in Hong Kong is 2 months` rent and, in some cases, 3 months depending on the landlord. Unless there is a breach of the terms of the rental contract, the deposit is refunded to the tenant without interest from the date of delivery of the freedom of ownership of the premises. Note that in a standard rental agreement, in the event that the landlord has suffered a loss or damage that is not due to normal wear and tear and as a result of the tenant`s breach, the landlord can deduct this loss from this deposit.
A standard lease term in Hong Kong is two years, including a fixed one-year option and a one-year option. It is only when the one-year term has expired that there is an interruption clause that allows early termination of the lease, provided that the lessor is terminated in writing 2 months in advance. Thus, for a standard rental contract, the minimum rental period is 14 months, including the 12 months of fixed term and the 2 months necessary for early termination. 1. These guidelines shall supplement the rental agreement in the electronic package of the DIY accommodation rental agreement. . . .