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Addendum To Lease Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Addendum To Lease Agreement

"I need an Addendum to Lease Agreement to increase the monthly rent by 15% and extend the lease term for our commercial office space in Central, Hong Kong, starting from March 1, 2025."

Document background
An Addendum To Lease Agreement is essential when parties need to modify their existing lease arrangement without creating an entirely new lease agreement. This document is commonly used in Hong Kong's dynamic property market when circumstances require changes to original lease terms, such as rent adjustments, tenure extensions, or modifications to property usage. The addendum must comply with Hong Kong's legal framework, particularly the Landlord and Tenant (Consolidation) Ordinance and Stamp Duty Ordinance. It typically includes specific references to the original lease, clearly outlines the modifications being made, and confirms which original terms remain unchanged. This document is crucial for maintaining legal clarity and protecting both parties' interests while adapting to changing circumstances during the lease period.
Suggested Sections

1. Parties: Identification of all parties to the original lease agreement and this addendum, including their full legal names and addresses

2. Background: Reference to the original lease agreement (including date and parties), reason for the addendum, and confirmation that parties wish to modify the original agreement

3. Definitions: Definitions of key terms used in the addendum, including reference to definitions in the original lease that remain applicable

4. Amendments to Original Lease: Detailed description of specific modifications being made to the original lease, clearly referencing the relevant sections being modified

5. Effective Date: Specification of when the modifications will take effect

6. Confirmation of Other Terms: Statement confirming that all other terms of the original lease remain unchanged and in full force and effect

7. Governing Law: Confirmation that the addendum is governed by Hong Kong law, consistent with the original lease

8. Execution: Signature blocks for all parties, including dates and witness provisions if required

Optional Sections

1. Rent Modification: Detailed section specifying changes to rent amount, payment terms, or schedule - include when rent terms are being modified

2. Term Extension: Section detailing any extension or modification to the lease term - include when changing the duration of the lease

3. Property Modifications: Section describing any changes to the property description or permitted use - include when modifying property-related terms

4. Additional Covenants: New obligations or agreements being added to the original lease - include when adding new terms not covered in the original lease

5. Security Deposit Adjustment: Changes to security deposit arrangements - include when modifying deposit terms

6. Broker/Agent Acknowledgment: Recognition of any brokers/agents involved in the modification - include when real estate professionals are involved in the amendment process

Suggested Schedules

1. Schedule of Modifications: Detailed list of all modifications being made to the original lease, with reference to original clause numbers

2. Schedule of Revised Rent: Detailed breakdown of new rent calculations or payment schedule, if applicable

3. Modified Floor Plan: Updated floor plan or property description if the leased premises are being modified

4. Consent Documents: Any required third-party consents (e.g., mortgagee consent, building management approval)

5. Property Inspection Report: Current condition report if the addendum relates to property modifications or maintenance responsibilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Real Estate

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Property Manager

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