Office Reinstatement Obligation | Hong Kong
Office reinstatement is stated in the contract terms on the tenancy agreement. If tenants do not reinstate the office back to the agreed status, consequences can involve
- The tenant will NOT be able to get back their security deposit (usually is 2-3 months of the current monthly rental amount)
- As the tenant is in breach of the tenancy agreement, the landlord may take legal action against the tenant, such as filing a case at the Small Claims Tribunal, if the outstanding amount is less than $75,000, or the district court if it is over $75,000. It can affect the business operations and reputation.
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