Leasing Expenses

Advance Rental

Usually equivalent to one month's rent.


Deposit

Usually equivalent to two to three months' rent.


Stamp Duty

Calculate as follows:

Less than one year 0.25% of the average yearly rent
One year to three years 0.5% of the average yearly rent
Over three years 1% of the average yearly rent

Remarks: HKD5 will be charged for each copy of tenancy agreement. In general, the stamp duty is equally shared by the landlord and the tenant.


Agent's Commission

Usually equivalent to 50%-100% of the average monthly rent.


Solicitor's Fee

The charge for appointing solicitors to deal with the tenancy agreement is as follows :
( average yearly rent - HKD12,000 ) x 1% + HKD1,000
Remark : In general, the above charge is equally shared by the landlord and the tenant.


Miscellaneous

Deposit and payment of water supply, electricity supply, gas and telephone installation.


Important Notes to Tenants

Landlord's Provision

A tenant is advised to check and take photos of the electrical appliances or furniture in the new premises if they are provided by the landlord. He / she should immediately ask the landlord to follow-up if any problems are found.


Inspection of the Facilities on the Premises

A tenant is advised to inspect the following facilities to ensure that they function properly:

  • Electricity supply and facilities
  • Water supply and drainage in kitchen, toilet and bathroom, as well as gas supply etc
  • Windows
  • Water heater, oven, air-conditioner and exhaust fan (if provided)
  • Leakage on wall, ceiling and apron
  • Peeling, cracked or loose concrete
  • Other facilities provided by the landlord


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All information provided is for reference only. While every effort is made to ensure accuracy, South Union Properties Agency Ltd. disclaims any liability for any loss or damage whatsoever that may arise whether directly or indirectly as a result of any error, inaccuracy or omission.