First, you say that your wife moved out and that you are helping her pay for the flat. Is the tenancy agreement in your name and do you wish to remain in the premises?
One would need to review the lease in detail, as it is possible there may be a break clause which would allow you to terminate the lease before its expiration by serving notice on the landlord. You could also discuss with your Landlord to ask for his agreement to surrender the lease. However, if there is no break clause and your Landlord does not agree to your surrender, if you default on the lease covenants, the landlord may apply to the court for damages for your breach of tenancy agreement.
If you wish to stay in the property by attracting someone to ‘share’ the flat, tenants often seek to reach some sort of “private deal” which although could be a breach of the tenancy agreement this often goes unnoticed or uncared for by the landlord, assuming all goes well and rent is paid. Please note that this is in breach and you may be liable for damages arising therefore.
The best option would be to discuss matters with your landlord and see if you can reach some sort of agreement with him. If the landlord agrees to a “sub-let” you should get a formal acknowledgment (“I consent to the sub-let of the premises to Mr. X”). If you manage to find an alternative tenant, the Landlord may wish to enter into a new lease directly with Mr. X which may or may not be good news to you in the sense that you (as the current tenant) are then typically released from liability under the lease and your deposit is returned and replaced by Mr. X’s.
In either method it is worth the cost to have a lawyer look at the arrangements to make sure that it is protecting your interests as much as possible.
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WeirLaw@HongKongLaw.com
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