Leasing Process The process of leasing property in Hong Kong is simple and straightforward, but you will still need a reputable, reliable and experienced estate agent. Identify property and negotiate leasing terms with landlord. Upon agreement of lease, tenant’s agent should check land record to verify owner identity and see if the property is mortgaged. Check for any illegal structures and building or slope orders. Landlord and tenant to sign provisional TA. Tenant to pay one month’s rent as holding deposit. Solicitor or agent to prepare formal TA. Landlord and tenant to sign formal TA and tenant to pay 2-3 months’ rents as security deposit. Landlord and tenant to pay Stamp Duty in equal shares within one month from signing formal TA. Landlord to register the lease at Land Registry. Tenant will need to pay the agent (and the solicitor if applicable). 4 GUIDE FOR LEASING A PROPERTY IN HONG KONG