Tenancy Agreement between Sunnoon Development Limited and Orient Packaging Limited
What this document covers
The Tenancy Agreement between Sunnoon Development Limited and Orient Packaging Limited is a legally binding document that outlines the terms of the lease for specific commercial premises in Hong Kong. This agreement sets forth the rights and responsibilities of both the landlord and the tenant, including the term of the lease, rental payments, and obligations regarding the maintenance and use of the property. Unlike other rental agreements, this form is tailored for a commercial environment, making it suitable for businesses seeking to lease office space.
What’s included in this form
- Parties Involved: Identifies the landlord (Sunnoon Development Limited) and the tenant (Orient Packaging Limited).
- Lease Term: Specifies the duration of the lease, which is two years starting from May 10, 1999.
- Rent and Charges: Details the monthly rent, management fees, and other charges applicable during the term.
- Tenant Obligations: Outlines the responsibilities of the tenant, including maintenance of the property and compliance with relevant regulations.
- Landlord Obligations: Describes the obligations of the landlord toward the tenant.
Common use cases
This tenancy agreement should be used when a business (the tenant) seeks to lease commercial premises from a property owner (the landlord). It applies specifically to arrangements where both parties want a clear understanding of their respective rights and responsibilities regarding property usage, rent payments, and required maintenance. It is particularly useful for businesses in Hong Kong that require a formal lease structure to operate legally and efficiently.
Who this form is for
- Businesses looking to lease commercial space for their operations.
- Property owners or landlords seeking to rent out their commercial properties.
- Legal professionals assisting clients with commercial leases in Hong Kong.
Completing this form step by step
- Identify the parties involved, including full legal names and addresses of the landlord and tenant.
- Specify the leased premises, including the exact address and any relevant identifiers.
- Enter the term of the lease, including start and end dates.
- Detail the rental amount, including any management fees and specify the due date for payments.
- Have both parties sign and date the agreement in the presence of a notary if required.
Is notarization required?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to specify all rental amounts, including management fees.
- Not including the full legal names of the parties involved.
- Omitting to outline specific obligations of the tenant and landlord clearly.
- Not indicating the method or frequency of rent payment.
Benefits of completing this form online
- Convenient access to customizable lease templates that meet legal requirements.
- Easy editing options to tailor terms to specific situations.
- Secure storage of completed agreements for future reference.
- 24/7 availability, allowing users to complete forms at their convenience.
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FAQ
The lease becomes legally binding when all parties have signed: the landlord and all tenants living in the unit who are 18 and older. If you're worried about situations where a lease needs to end early, learn about breaking a lease and grounds for eviction.
Names of the landlord and tenant and/or their agents. Description of the property. Amount of rent and due dates for payment, grace period, late charges. Mode of rent payment. Methods to terminate the agreement prior to the expiration date and charges if any.
Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.
The Lease Must be in Writing It does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.
A written agreement can act as a roadmap for the landlord-tenant relationship, especially if a dispute arises. Also, real estate (land) leases for more than one year must be in writing. If a lease for over one year is not in writing, it will generally not be enforceable in court.
Name the parties. A simple rental agreement form needs to name the parties signing the lease and where they live. Describe the premises. Define the term of the lease. Set how much rent is owed. Assign a security deposit amount. Finalize the lease.
1 year or less: (1700 x 12) 2400/ 250 x RM1 = RM72. > 1 to 3 years: (1700 x 12) 2400/ 250 x RM2 = RM144. > 3 years: (1700 x 12) 2400/ 250 x RM4 = RM288.
Names of all tenants. Limits on occupancy. Term of the tenancy. Rent. Deposits and fees. Repairs and maintenance. Entry to rental property. Restrictions on tenant illegal activity.
The Lease Must be in Writing It does not matter if the lease is handwritten or typed.
