A Guide to Typical Lease Agreements in Hong Kong

When renting an apartment in Hong Kong, it's important to understand the standard terms and conditions of a lease agreement. Here's a breakdown of what you can typically expect:

Lease Term

Leases in Hong Kong are usually signed for a fixed term, commonly 1 or 2 years. Shorter-term rentals (e.g., 6 months) may also be available, but are less common.

Rental Deposit

Landlords will typically require a rental deposit equivalent to 1-2 months' rent. This deposit is held as security and refunded at the end of the lease, provided there is no damage to the property.

Rent Payments

Rent is usually paid monthly, with the first month's rent and deposit due upfront before moving in. Rent is often payable on the 1st of each month.

Utilities

Tenants are generally responsible for paying their own utility bills, including electricity, water, and gas. Internet and cable TV may also be the tenant's responsibility.

Maintenance

Minor repairs and maintenance, such as light bulb replacements, are usually the tenant's responsibility. Landlords are typically responsible for major repairs to the building structure and appliances.

Subletting

Most leases prohibit subletting the property without the landlord's prior written consent. Tenants are usually not allowed to assign the lease to another party.

Lease Termination

Leases typically include provisions for early termination, often requiring 1-2 months' notice. Tenants may be required to pay a penalty fee for early termination.

Additional Fees

Landlords may charge additional fees, such as a cleaning fee or a fee for returning the keys at the end of the lease.

It's important to carefully review the lease agreement and understand all the terms and conditions before signing. If you have any questions or concerns, it's recommended to consult with a local real estate agent or legal professional.