Apr 12

Stamp Duty On Rental Agreement Hong Kong

Personally at the Stamp Office: Address is 3/F, Revenue Tower, 5 Gloucester Road, Wan Chai, HK, you can visit the office, present the original lease for the stamp and pay stamp duty. A licence does not transfer any interest in the land and is not responsible for stamp duty. However, if there are doubts about the liability of a rental document with respect to stamp duty, it is a good idea to ask for a decision at the stamping point. The current adjudation fee is $50. Account opening/control of business account on page 2/5 an individual business established in Hong Kong hk-sop-hk 517r25e-m (180518) i (1) Opening of the account in Hong Kong – Hong Kong-based individual company There is a two-month rental period over a three-year rental period and a rent of 10,000 USD per month. How do I calculate stamp duty for this lease? Under the Landlords and Tenants Regulations (consolidation decree), your tenancy agreement means that the tenant must pay the rent on the due date and that the tenancy agreement is cancelled after non-payment for 15 days in the absence of an explicit agreement on the payment of the rent. You can search for a tenant on your own or appoint a licensed real estate agent to take over the rental of your property. In both cases, you must provide your potential customer with specific characteristic information before entering into a lease agreement. If you decide to hire an agent, you should settle with him or his engagement details, such as the amount of the commission and the date of payment before signing the contract of the real estate agency. A property is rented for $10,000 per month and the rental period is 3 years without rent. Stamp duty is as follows: no law determines whether the landlord or tenant should pay stamp duty. As a result, parties to a lease agreement can freely and freely agree on their respective stamp shares. In most cases, the parties pay stamp duty equally.

You should inform your tenant if you decide to sell your rented property. If no new agreement is reached between your tenant and the new owner of the property, the terms of the existing lease will continue to apply. Don`t forget to clarify with the tenant and the new landlord the responsibility for the repayment of the deposit to the tenant. Under the Landlord and Tenants Regulations (Amendment Regulations) 2004, you and your tenant can decide to renew a lease created on July 9, 2004. However, if there is a possibility of renewal of the clause in your existing tenancy agreement or in any other written agreement, your tenant retains the right to renew the tenancy agreement. By mail: you can apply for a paper stamp [IRSD111 (E)] by mail. You do not have to join the original lease.