Stamp Duty On Tenancy Agreement Hong Kong
A penalty is paid for the late stamp. However, in certain circumstances, the sentence may be imposed. You can write to request the annulment of the sentence. On the other hand, a document that creates a rental contract for a period of 3 years or less (for example. B a lease) does not gain or lose anything by registering. You and your tenant can in principle decide between themselves the terms of the rental agreement, unless these are contrary to the landlord and tenant regulation (consolidation regulation). According to the cadastre regulations, a lease with a duration of more than three years must be registered with the cadastre within one month of execution. Other leases, including those with the possibility of renewing the existing lease, may also be notified. Please note that a rental agreement must be affixed before being registered with the land registry and, if necessary, admitted as evidence in court. You must, within one month of the conclusion of a lease agreement, submit to the Rating and Evaluation Division, for confirmation, a new lease or a new renewal agreement. For late deposit, a fee of HK$310 is charged.
With a copy of the notification that will be returned after confirmation, you will be entitled to take legal action to claim the rent if necessary. Opening / Verification of the business account of page 2/5 a sole proprietorship based in Hong Kong hk-sop-hk 517r25e-m (180518) i (1) Opening an account in Hong Kong – Sole proprietorship based in Hong Kong Phone, About us, e-mail, Leaving Hong Kong, Hong Kong, Just before departure from Hong Kong No instrument subject to stamp tax will be obtained as part of a proof procedure, except, they are correctly stamped. For more information on unbamped documents and insufficient consideration, click here. A rental agreement should determine what you and your tenant have agreed to as your respective rights and obligations. However, certain rights and obligations are implied in a lease, unless there are provisions to the contrary in the lease agreement.