Termination Of Tenancy Agreement Hk
Whether a tenant is entitled to a rent reduction or reduction depends on the application of a rent suspension clause or a rent reduction clause in the rental agreement. However, as with the application of a force majeure clause, it is unlikely that a tenant will be able to rely on a contractual remedy to claim rent reductions if the wording of the clause does not apply to COVID-19. A viable option for tenants would be for them to take a collaborative approach with their landlords to negotiate rent reductions or reductions to address business interruptions caused by the COVID-19 outbreak. Finally, the uncertainty and costs associated with terminating a lease and intermediating a new tenant could be higher for landlords. A temporary lease, concluded on or after July 9, 2004, ends at the end of its term. provided that the termination is received by the lessor at least two months before the date of termination it indicates or by the payment of two months` rent instead of such termination, provided that the application of this clause does not affect the rights and remedies of one of the parties against the other party with regard to prior rights or breaches of agreements, Provisions, including general conditions. Anyone who has ever rented a house knows that a lease is a legally binding contract. Can a lease be terminated if there is a force majeure clause? If you have chosen a suitable property and are ready to enter into a rental agreement, check the property`s land records to verify the identity of the owner and determine if the property has been mortgaged to a bank or other financial institution.