Stamp Duty On Tenancy Agreement Hk

The landlord of a national property must submit to the Commissioner of Rating and Evaluation, within one month of the execution of the rental document, a notification of a new lease (form CR109) for approval. A landlord does not have the right to maintain rent recovery action under a rental document (if the tenant does not pay the rent) if the Commissioner does not approve The CR109 form. However, an owner who does not submit the form within one month may do so later after paying a $310 fee. The weather varies depending on the nature of the instruments. It ranges from 2 to 30 days. In addition, for residential real estate transactions, you can request a deferral of payment and the maximum deferral period is 3 years after the date of the first agreement. More information about this can be found in this article. The laws governing the registration of documents in the national register are mainly contained in the land regulation (cap.128 of Hong Kong laws). Strictly speaking, there is no provision in the Cadastre regulation requiring the registration of documents. Only the consequences of non-registration are exposed. The question should therefore be: why should certain rental documents be registered in the land registry? If you have questions about rental issues or need help, you can contact the Rating and Evaluation Service (RVD) for free application, assistance and intermediation services.

You can also get free legal advice from the Duty Lawyer service. 10 Stamp duty is $425 Example 6 [ 7,000 x 12 x $5 (for copy]). A 2-copy rental contract was signed on February 1, 2010 for a 7-year term of 4 years from July 1, 2010 with a monthly rent of 12,000 USD for the first 2 years and 15,000 USD for the last 2 years. Stamp duty is $1,625 [ (12,000 x 24 USD – 15,000 x 24 USD)/4 x 1/100 – 5 USD (for copy)]. Free Rental Contract A 2-copy rental agreement was signed on July 2, 2010 for a term of 2 example 8 years from September 1, 2010 with a monthly rent of $10,000 and a 2-month rental period from September 1, 2010 to October 31, 2010. For the stamp of each piece of the rental document, you have to pay 5 USD. Stamp stamp certificates issued by Stamp Revenue`s collector have the same legal status as conventional instrument stamps. To verify the authenticity of the certificates, see www.gov.hk/estamping. 6 In the tenancy agreement mentions the consideration whether the rent must also be paid under the tenancy agreement.

Otherwise, the same tax as for the sale of duplicate or counter-coin applies $5 per note: 1 If the calculated stamp duty contains a fraction of $1, round the tax on the next $1. 2 Annual rent, average annual rent and total rent must be rounded to the next $100.