Simple Shop Rental Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Simple Shop Rental Agreement

"I need a Simple Shop Rental Agreement for a 400 sq ft retail space in a shopping center in Causeway Bay, Hong Kong, starting March 1, 2025, with strict operating hours requirements and a three-year term with an option to renew."

Document background
The Simple Shop Rental Agreement is a fundamental legal document used in Hong Kong's commercial property market for leasing retail spaces and small commercial premises. This agreement type is particularly suited for standard retail leasing arrangements where the premises will be used for straightforward commercial purposes. It incorporates all essential elements required under Hong Kong law, including compliance with the Landlord and Tenant (Consolidation) Ordinance and related regulations. The document is designed to protect both landlord and tenant interests while maintaining clarity and practicality for typical retail leasing scenarios. It's commonly used in shopping centers, street-level shops, and small commercial buildings where complex tenant mix provisions or extensive specialized terms are not required.
Suggested Sections

1. Parties: Identification of the landlord and tenant with full legal names and addresses

2. Background: Brief context of the agreement and property ownership

3. Definitions: Key terms used throughout the agreement

4. Demised Premises: Detailed description of the leased shop space and any included facilities

5. Term: Duration of the lease, including commencement and expiry dates

6. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

7. Security Deposit: Amount, payment terms, and conditions for return

8. Utilities and Management Charges: Responsibility for utilities, management fees, and other charges

9. Use of Premises: Permitted business activities and restrictions on use

10. Maintenance and Repairs: Responsibilities of both parties for maintenance and repairs

11. Insurance: Required insurance coverage by both parties

12. Default and Termination: Events of default and termination procedures

13. Assignment and Subletting: Restrictions on transfer of lease rights

14. Governing Law: Specification of Hong Kong law as governing law

15. Execution: Signature blocks and execution details

Optional Sections

1. Renovation and Alterations: Terms for tenant improvements and modifications, used when premises requires or permits renovation

2. Option to Renew: Terms for lease renewal, included when parties agree to potential extension

3. Break Clause: Early termination provisions, included when early termination might be needed

4. Trade Restrictions: Specific restrictions on business type, included in shopping centers or multi-tenant buildings

5. Guarantor: Details of guarantee arrangement, used when tenant requires a guarantor

6. Handover Condition: Specific requirements for premises condition at start/end, used for specially fitted premises

7. Operating Hours: Required business hours, typically for shopping center locations

8. Signage Rights: Terms for external signage, important for retail locations

Suggested Schedules

1. Schedule 1: Floor Plan: Detailed floor plan of the premises including measurements

2. Schedule 2: Inventory: List of fixtures, fittings, and equipment included in the lease

3. Schedule 3: House Rules: Building regulations and management rules

4. Schedule 4: Rent Payment Schedule: Detailed breakdown of rent payments and due dates

5. Schedule 5: Handover Condition Photos: Photographic evidence of premises condition at handover

6. Appendix A: Permitted Use Details: Detailed description of permitted business activities

7. Appendix B: Renovation Guidelines: Technical specifications for permitted renovations

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

Clauses
Relevant Industries

Retail

Food and Beverage

Fashion and Apparel

Electronics and Technology

Beauty and Wellness

Professional Services

Financial Services

Arts and Crafts

Healthcare

Entertainment

Real Estate

Legal Services

Relevant Teams

Legal

Real Estate

Operations

Finance

Compliance

Administration

Facilities Management

Asset Management

Risk Management

Property Management

Relevant Roles

Property Manager

Retail Operations Manager

Business Owner

Real Estate Manager

Leasing Executive

Commercial Property Agent

Legal Counsel

Facilities Manager

Asset Manager

Store Manager

Regional Manager

Chief Financial Officer

Operations Director

Compliance Officer

Property Administrator

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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