The Residential Leasing And Property Management Agreement is designed for use in Hong Kong when property owners wish to establish both a residential tenancy and engage professional property management services under a single comprehensive agreement. This document is particularly relevant in situations involving high-end residential properties, serviced apartments, or properties where professional management is essential. It ensures compliance with Hong Kong's property laws, including the Landlord and Tenant (Consolidation) Ordinance and Building Management Ordinance, while providing clear structure for both the tenancy relationship and management services. The agreement covers essential aspects such as lease terms, rent, management fees, service standards, maintenance responsibilities, and operational procedures, making it suitable for properties requiring professional management oversight while being leased for residential purposes.
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1. Parties: Identification of the landlord, tenant, and property management company with their full legal names and details
2. Background: Context of the agreement, including property details and the intention to combine leasing and management services
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Lease Grant and Term: Specific details of the lease grant, duration, and any renewal options
5. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences
6. Security Deposit: Amount, payment terms, conditions for withholding, and return of security deposit
7. Property Management Services: Scope of management services, responsibilities, and service standards
8. Management Fees: Amount, calculation method, and payment terms for property management services
9. Utilities and Charges: Responsibility for utilities, management of accounts, and payment obligations
10. Maintenance and Repairs: Responsibilities for maintenance, repair procedures, and cost allocation
11. Use of Premises: Permitted use, restrictions, and rules regarding the property
12. Insurance: Insurance requirements for both parties and the property
13. Access and Inspection: Rights of access for landlord and management company
14. Tenant's Obligations: Complete list of tenant's responsibilities and commitments
15. Landlord's Obligations: Complete list of landlord's responsibilities and commitments
16. Property Manager's Obligations: Complete list of property manager's responsibilities and services
17. Default and Remedies: Events of default, consequences, and available remedies
18. Termination: Grounds for termination, notice requirements, and consequences
19. Handover: Property return conditions and procedures at lease end
20. Notices: Methods and requirements for formal communications
21. General Provisions: Standard contract clauses including governing law, entire agreement, etc.
1. Furniture and Fittings: Used when the property is furnished, detailing inventory and maintenance
2. Special Facilities: Required when the property includes facilities like gym, pool, or parking that need specific terms
3. Renovation and Alterations: Included when specific renovation rights or restrictions are needed
4. Sub-letting: Added when sub-letting is permitted under specific conditions
5. Pet Policy: Required when pets are allowed or specific pet restrictions apply
6. Building Rules and Regulations: Included for properties in managed buildings with specific rules
7. Green Building Requirements: Added for properties with specific environmental or sustainability requirements
8. Special Access Arrangements: Used when there are specific security or access control systems
1. Property Description: Detailed description of the property including floor plan and fixtures
2. Inventory List: Detailed list of furniture, appliances, and fittings if furnished
3. Property Management Services Scope: Detailed breakdown of all management services and standards
4. Fee Schedule: Comprehensive list of all fees, charges, and payment terms
5. Building Rules: Complete set of building rules and regulations
6. Maintenance Schedule: Regular maintenance schedule and responsibilities
7. Contact Information: List of emergency contacts and important numbers
8. Handover Form: Property condition checklist for move-in and move-out
9. Insurance Requirements: Detailed insurance requirements and coverage specifications
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