Common use of Short lease management Clause in Contracts

Short lease management. (1) Is short lease convertible into a long lease? (2) Will the rental paid under the short lease be credited towards payment of the entry contribution payable under the long lease? (3) Where two persons are named as tenant, can one of the tenants terminate the Short Lease Agreement? (a) if one of the joint tenants passed away, the surviving tenant may terminate the Lease Agreement by submitting a Termination Notice duly signed by him/her (For details concerning Termination, please refer to Section 4.8); (b) if the Termination Notice duly signed by only one of the Tenant is accompanied by a medical certifcate issued within 3 months from the date of the Termination Notice by a Hong Kong qualified or registered medical practitioner who certifies that the other Tenant (i.e. the Tenant not signing the said Termination Notice) was mentally incapable in terms of section 2 of the Enduring Powers of Attorney Ordinance (Cap. 501 of the laws of Hong Kong) as at the date of the certificate, HKHS might, in its sole and absolute discretion, agree to accept the Termination Notice. (4) Can a tenant add an additional tenant to the Short Lease Agreement after it is signed? Does the tenant have to make any payment for such addition? (a) an administration fee; (b) any stamp duty payable on the addendum for effecting the addition and its counterpart; and (c) all other costs and expenses incurred by HKHS in connection with the tenant’s application. (5) Can a tenant apply to transfer to another premises in The Xxxxxx Xxxx after the Short Lease Agreement is signed? (6) Can a tenant sub-let or assign his/her interest in the Short Lease Agreement? (7) Can a tenant be away from the premises for a period of time, say a few months? (8) If a tenant shall be temporarily away from his/her premises, what should he/she do? (a) if no entrance door movement is detected continuously for 24 hours, the Entrance Door Tracking Service may trigger alert to the control room inducing the Service Operator to enter the premises; and (b) if no motion is detected continuously for 8 hours, the No-Motion Response Detection Service (if activated) may trigger alert to the control room inducing the Service Operator to enter the premises. So, tenants are recommended to give prior written notice of his absence to HKHS and the Service Operator if he/she will be away from the premises for a continuous period of at least 24 hours or (upon activation of the No-Motion Response Detection Service) 8 hours. (9) Does short lease tenant enjoy RCHE cost subsidy?

Short lease management. (1) Is short lease convertible into a long lease? (2) Will the rental paid under the short lease be credited towards payment of the entry contribution payable under the long lease? (3) Where two 2 persons are named as tenant, can one of the tenants terminate the Short Lease Agreement? (a) if one of the joint tenants passed away, the surviving tenant may terminate the Lease Agreement by submitting a Termination Notice duly signed by him/her (For details concerning Termination, please refer to Section 4.8); (b) if the Termination Notice duly signed by only one of the Tenant is accompanied by a medical certifcate issued within 3 months from the date of the Termination Notice by a Hong Kong qualified or registered medical practitioner who certifies that the other Tenant (i.e. the Tenant not signing the said Termination Notice) was mentally incapable in terms of section 2 of the Enduring Powers of Attorney Ordinance (Cap. 501 of the laws of Hong Kong) as at the date of the certificate, HKHS might, in its sole and absolute discretion, agree to accept the Termination Notice. (4) Can a tenant add an additional tenant to the Short Lease Agreement after it is signed? Does the tenant have to make any payment for such addition? (a) an administration fee; (b) any stamp duty payable on the addendum for effecting the addition and its counterpart; and (c) all other costs and expenses incurred by HKHS in connection with the tenant’s application. (5) Can a tenant apply to transfer to another premises in The Xxxxxx Xxxx after the Short Lease Agreement is signed? (6) Can a tenant sub-let or assign his/her interest in the Short Lease Agreement? (7) Can a tenant be away from the premises for a period of time, say a few months? (8) If a tenant shall be temporarily away from his/her premises, what should he/she do? (a) if no entrance door movement is detected continuously for 24 hours, the Entrance Door Tracking Service may trigger alert to the control room inducing the Service Operator to enter the premises; and (b) if no motion is detected continuously for 8 hours, the No-Motion Response Detection Service (if activated) may trigger alert to the control room inducing the Service Operator to enter the premises. So, tenants are recommended to give prior written notice of his absence to HKHS and the Service Operator if he/she will be away from the premises for a continuous period of at least 24 hours or (upon activation of the No-Motion Response Detection Service) 8 hours. (9) Does short lease tenant enjoy RCHE cost subsidy?

Short lease management. (1) Is short lease convertible into a long lease? (2) Will the rental paid under the short lease be credited towards payment of the entry contribution payable under the long lease? (3) Where two persons are named as tenant, can one of the tenants terminate the Short Lease Agreement? (a) if one of the joint tenants passed away, the surviving tenant may terminate the Lease Agreement by submitting a Termination Notice duly signed by him/her (For details concerning Termination, please refer to Section 4.8); (b) if the Termination Notice duly signed by only one of the Tenant is accompanied by a medical certifcate issued within 3 months from the date of the Termination Notice by a Hong Kong qualified or registered medical practitioner who certifies that the other Tenant (i.e. the Tenant not signing the said Termination Notice) was mentally incapable in terms of section 2 of the Enduring Powers of Attorney Ordinance (Cap. 501 of the laws of Hong Kong) as at the date of the certificate, HKHS might, in its sole and absolute discretion, agree to accept the Termination Notice. (4) Can a tenant add an additional tenant to the Short Lease Agreement after it is signed? Does the tenant have to make any payment for such addition? (a) an administration fee; (b) any stamp duty payable on the addendum for effecting the addition and its counterpart; and (c) all other costs and expenses incurred by HKHS in connection with the tenant’s application. (5) Can a tenant apply to transfer to another premises in The Xxxxxx Xxxx after the Short Lease Agreement is signed? (6) Can a tenant sub-let or assign his/her interest in the Short Lease Agreement? (7) Can a tenant be away from the premises for a period of time, say a few months? (8) If a tenant shall be temporarily away from his/her premises, what should he/she do? (a) if no entrance door movement is detected continuously for 24 hours, the Entrance Door Tracking Service may trigger alert to the control room inducing the Service Operator to enter the premises; and (b) if no motion is detected continuously for 8 hours, the No-Motion Response Detection Service (if activated) may trigger alert to the control room inducing the Service Operator to enter the premises. So, tenants are recommended to give prior written notice of his absence to HKHS and the Service Operator if he/she will be away from the premises for a continuous period of at least 24 hours or (upon activation of the No-Motion Response Detection Service) 8 hours. (9) Does short lease tenant enjoy RCHE cost subsidy?