Lease Extension Form for Hong Kong

Lease Extension Form Template for Hong Kong

A Hong Kong Lease Extension Form is a legal document used to extend the term of an existing lease agreement under Hong Kong law. This document formally continues the landlord-tenant relationship beyond the original lease term, incorporating existing terms while allowing for necessary updates to rent, duration, and other conditions. It must comply with Hong Kong's property laws, particularly the Landlord and Tenant (Consolidation) Ordinance, and includes essential elements such as party details, extension period, revised rental terms, and any modified conditions while maintaining the fundamental structure of the original lease agreement.

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What is a Lease Extension Form?

The Lease Extension Form is a critical document in Hong Kong's property market, used when parties wish to continue their existing lease relationship beyond the original term. This document is particularly relevant in situations where both landlord and tenant are satisfied with their arrangement and prefer to extend rather than negotiate an entirely new lease. The form must comply with Hong Kong's property laws and regulations, including the Landlord and Tenant (Consolidation) Ordinance and Conveyancing and Property Ordinance. It typically includes updated terms regarding duration, rent, and any new conditions while referencing and incorporating relevant terms from the original lease. The Lease Extension Form provides a streamlined process for lease continuation, reducing administrative burden while ensuring legal compliance and clarity for all parties involved.

What sections should be included in a Lease Extension Form?

1. Parties: Identification of the landlord and tenant, including full legal names, addresses, and company details if applicable

2. Background: Details of the existing lease including its date, parties, and property description, establishing the context for the extension

3. Definitions: Key terms used in the extension agreement, including 'Original Lease', 'Extension Period', and 'Commencement Date'

4. Extension Terms: Specific details of the lease extension including duration, commencement date, and termination date

5. Rent and Payment Terms: Details of the rent during the extension period, payment schedule, and any rent review mechanisms

6. Continuing Obligations: Confirmation that all terms and conditions of the original lease remain in effect during the extension period

7. Execution: Signature blocks for all parties and witness requirements

What sections are optional to include in a Lease Extension Form?

1. Renovation Clause: Include when the tenant is permitted to carry out specific renovations during the extension period

2. Break Clause: Optional provision allowing either party to terminate the extension early under specified conditions

3. Rent Review Mechanism: Include when the extension period is long enough to warrant a rent review process

4. Security Deposit Adjustment: Include when there are changes to the security deposit requirements for the extension period

5. Special Conditions: Any unique terms specific to the extension that differ from the original lease

What schedules should be included in a Lease Extension Form?

1. Schedule 1 - Property Details: Detailed description of the property including address, floor area, and any included fixtures and fittings

2. Schedule 2 - Original Lease Terms: Summary of key terms from the original lease that remain applicable

3. Schedule 3 - Building Rules and Regulations: Updated building rules and regulations applicable during the extension period

4. Appendix A - Floor Plan: Current floor plan of the premises, noting any changes from the original lease

5. Appendix B - Inventory List: Updated inventory of landlord's fixtures and fittings in the premises

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Genie AI

Document Type

Service Agreement

Cost

Free to use
Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Office Space

Industrial Property

Shopping Centers

Hospitality

Healthcare Facilities

Educational Institutions

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Administration

Compliance

Property Management

Asset Management

Contract Management

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Property Administrator

Asset Manager

Leasing Manager

Operations Manager

Contract Administrator

Real Estate Director

Company Secretary

Compliance Officer

Property Officer

Estate Agent

Building Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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