It includes the first month's rent, service charges, government rates & rents Tenancy Agreement.
It is a normal practice to charge the tenant a half (0.5) month's new rent as agency fee in Hong Kong
A standard charges for building which provides central air conditioning systems.
Gross, Lettable and Net area are commonly being used in Office Premises.
The total area of all floors of a building as measured to the outside surfaces of exterior walls. It includes toilets, lift lobbies, columns, staircases, smoke lobbies, plant rooms, and risers but excludes lift shafts.
The area of a building as measured to the available space for rent to tenants including toilets, lift lobbies and columns. It excludes staircases, smoke lobbies, lift shafts, plant rooms, and risers.
The area included in surrounding walls of a building including lift lobbies. It excludes toilets, columns, staircases, smoke lobbies, lift shafts, plant rooms, and risers.
Tenant may request a Break Clause to have subletting right or to terminate the lease early. Single landlords in Hong Kong usually request a Break Clause to terminate the lease for either Sale or redevelopment purposes.
Single Landlord usually provide in bare-shell conditions, and negotiable with fully integrated ceiling system.
Nominated and Individual contractor are to be used for office decoration.
The average monthly cost of office premises with consideration of rent free period.
Monthly cost of office premises.
It is usually at tenant's account. It pays to the government at a rate of 5% of the annual rental. It charges at a quarterly basis.
It is usually at landlord's account. It pays to the government at a rate of 3% of the annual rental. It charges at a quarterly basis.
It is to be assigned by the tenant for office internal decoration.
Two or Three years with fixed rent are usually offered to tenants of office premises.
It is normal practice that single landlord will pay the solicitor for drafting the Tenant Agreement, while tenant should pay for legal charge on his own.
A normal charge for maintaining the building facilities and securities in a monthly basis
Electricity, Air-conditioning, and Fire facilities in common area are normally assigned to nominated contractor in most prime office buildings in Hong Kong
Landlord usually provides Bare-shell or fitted conditions
It gives the tenant the right to extend the term of a lease, usually for a stated period of Two to Three years upon expiry and at the prevailing market rental.
Rental is normally offered in a monthly basis.
Rent Free Period are usually offered during the Lease. The tenant will not pay the rent during the rent free period; Service charges, government rate and rents and other outgoing charges are in Tenant's account during the rent free period.
It is normal practice to have reinstatement clause in the lease. The tenant shall be responsible to reinstate the premises to Bare-shell condition with stand landlord provision at its own costs before termination of the lease.
Tenant in Larger spaces usually enter a lease for 6 years or more with the option to review the rent every three years based on the current market situation.
Most landlords require Three (3) months' rent, service charges, government rates & rents as Security deposit. The landlord will release the security deposit upon the termination of lease.
Landlord may require Four (4) to Six (6) months' rent, service charges, government rates & rents as Security deposit in the event the tenant is either a new setup company or insufficient in capital.
It normally includes Management Fee and Air-conditioning charges (only for the buildings with Central Air-conditioning System). Different building varies its service charges depending on the management company and the facilities of the Air-conditioning system.
It is normal to be borne by the landlord and the tenant in equal share.