Please visit the Hong Kong eTax website for online registration and stamp duty payments. Note: This article serves only as a general guide. If in doubt, please contact the relevant laws or consult the bar. A more important consequence is that the Court of Justice cannot accept an unstamped rental document as evidence in civil proceedings. In other words, one party will have difficulty enforcing the lease document against the other party (who violated the lease or lease) in court. If such a sale or purchase is concluded in Hong Kong within 2 days of the transaction, it must pay a stamp duty; If such a sale or purchase is made elsewhere, he must pay the stamp duty within 30 days of the transaction. You and your tenant can usually choose between you the terms of the tenancy agreement, unless they are contrary to the landlord and tenant regulations. 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. 4.25% of the consideration if the rent is also payable under the tenancy agreement. Otherwise, you and your tenant can decide, in accordance with the 2004 Landlord and Tenant Regulation (consolidation regulation), the same obligation as for the sale of land, if you wish to renew a lease created on July 9, 2004 or after.
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. If your property is still under mortgage, you must remediat the borrower`s prior consent. Otherwise, you may violate your mortgage agreement and your mortgage could recover the property. A rental agreement must be stamped within 30 days of execution. You can qualify a rental agreement via the Internet, by mail or in person with the Stamp Office of the Inland Revenue Department. Both the landlord and tenant are required to pay stamp duty.
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