News Hong Kong Property & Finance

Extending lease by a few months

ORIGINAL POST
Posted by monkey1211 15 yrs ago
Is it possible to get a short term extension on a lease? My current two year lease will expire in March 2011 but my work contract does not expire until June 2011. Obviously we would not be able to sign a new lease and would like to avoid having to move into a short term rental. Is it possible in HK to extend a lease for a few months? Presumably if rents have gone up, the landlord may want some additional rent for doing so?

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COMMENTS
Ed 15 yrs ago
Depends on the individual owner of course ... SG Ed was able to extend his lease month by month when he bought a property and was waiting for it to be fitted out...

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monkey1211 15 yrs ago
The landlord in this case is a corporate...which I guess means less flexibility

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Loyd Grossman is Miss Venezuela 15 yrs ago
Just contact the landlord and come to some arrangement. However, when the lease is up... The lease is up. No right to automatic extension.

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cookie09 15 yrs ago
i thought there was once a law that said that if both parties agree, the payment of one more months rental will automatically extend the contract by one month


not sure this still works and it might also not be a law but just a ruling by a judge, but i think it's possible in principle

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associates 15 yrs ago
It is always possible....simply ask the landlord to extend and this can be done either by letter or by a new agreement...


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