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AGREE AS FOLLOWS:-Upon the signing of this Agreement, the Tenant shall pay to the Landlord a deposit of Hong Kong Dollars $ ____________ [the amount of the Deposit] to secure the due observance and performance of the terms in this Agreement by the Tenant (. “Deposit”). If the Rent or any payment payable by the Tenant under this Agreement ...
1. The tenancy agreement stipulates that rent shall be payable in advance on the 1st day of each month. The tenancy will terminate on 15th January. Does the tenant need to pay monthly rent in full on 1st January? If so, does the landlord need to refund the rent for the period 16th to 31st January to the tenant later? d) Payment of rent. 1.
However, a tenant whom defaulted in payment of rent for the first time may apply for a grace period and would usually be given a chance by the Court or the Lands Tribunal (i.e. once during the term of the tenancy agreement) to pay up for all outstanding rent and the landlord’s legal costs at the time of hearing of the application or within a specified period after the possession order is made.
If the landlord fails to return the counterpart of the stamped tenancy agreement, the tenant may withhold the payment of rent until the landlord has done so. However, if the landlord has eventually returned the said counterpart, the tenant must pay back, free of interest, any rent withheld to the landlord within 15 days after receipt of the counterpart.
Introduction. The E-package of DIY Residential Tenancy Agreement (E-package) aims to assist members of the public to independently enter into a tenancy agreement for their residential homes, without the costs and trouble of engaging a lawyer. This E-package consists of a template residential tenancy agreement and a set of guidance notes on how ...
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Stamp duty on tenancy agreements is calculated at rates which vary with the term of the tenancy as follows: Term. Stamp Duty Rate 1. a. Not defined or is uncertain. 0.25% of the yearly or average yearly rent 2. b. Does not exceed 1 year. 0.25% of the total rent payable over the term of the tenancy agreement 2.
f) Rent Regulations. To protect tenants from arbitrary rent increases by landlords and to lower their rental burden, Part IVA of the Landlord and Tenant (Consolidation) Ordinance (Cap. 7) imposes a cap on the rate of rent increase between the first term tenancy and the second term tenancy of a regulated cycle.
1. The tenancy agreement stipulates that rent shall be payable in advance on the 1st day of each month. The tenancy will terminate on 15th January. Does the tenant need to pay monthly rent in full on 1st January? If so, does the landlord need to refund the rent for the period 16th to 31st January to the tenant later? d) Payment of rent. 1.
VII. Sub-letting. The Nature of sub-letting and its constraints. ‘Sub-letting’ (also known as ‘under-letting’) of a property generally means that a tenant further lets out the property (or part of it) to another ‘tenant’ (known as ‘sub-tenant’) by another lease/tenancy agreement (known as the ‘sub-lease’ or ‘underlease’).
