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ARTICLE · 18 OCTOBER 2019

Key Considerations For Retailers Regarding Tenancy Contracts

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In Hong Kong, it is very common for retailers to rent a space for businesses. It is of paramount importance that these retailers have sufficient contractual protection

Hong KongReal Estate and Construction
Polly Chu
Polly Chu
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In Hong Kong, it is very common for retailers to rent a space for businesses. It is of paramount importance that these retailers have sufficient contractual protection and measures in place to minimise their losses if circumstances become difficult. There are a few essential points for tenants to consider when dealing with tenancy contracts to ensure satisfactory protection in the event of an unexpected situation.

Local commercial tenancy contracts state that retailers are not allowed to close their businesses for a consecutive number of days or for an entire festive season during their tenancy as this will affect the turnover income of property owners. If such terms are breached, landlords would be entitled to terminate the tenancy contract, given this is a serious contractual violation.

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