(iii) You can visit the Stamp Office in person (3/F, Revenue Tower, 5 Gloucester Road, Wan Chai, HK) and present the original rental contract through the ticket counters. The service schedules of … 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. In the context of proceedings, no act of non-compliance with stamp duty may be invoked as evidence, unless it is properly stamped. For more information on unstamped documents and insufficient consideration, click here. For the stamp of each piece of the rental document, you have to pay 5 USD. 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.
A rental agreement must be stamped within 30 days of execution. You can qualify a rental agreement via the Internet, by mail or in person with the Stamp Office of the Inland Revenue Department. Both the landlord and tenant are required to pay stamp duty. Stamp duty is generally shared between the landlord and the tenant. If your property is still under mortgage, you must remediat the borrower`s prior consent. Otherwise, you may violate your mortgage agreement and your mortgage could recover the property. 5 Stamp service times are:- Monday to Friday from 8:45 to 5:00 (No lunch break) Saturday, Sunday and public holidays closed 4. A stamp certificate has the same legal status as a traditional stamp. Tariffs 5. Stamp duty on leases is calculated at rates that vary as follows for the duration of the lease:- The stamp reference rate (note 1) is not defined or is uncertain about the annual or average annual rent (Note 2) No more than one year of the total rent over the duration of the tenancy agreement (note 2) exceeds 1 year; But no more than 3 years of annual rent (note 2) 3 years exceeds 1% of the annual rent (note 2) Key money, construction tax, etc.
A property is rented for $10,000 per month and the rental period is 3 years without rent. The stamp duty payable is as follows: the lessor of a national property must also submit to the Commissioner of Rating and Evaluation, within one month after the withdrawal 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 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.