We are about to conclude the Tenancy Agreement for a flat in HK.
This is our first time round agter moving here, so can anyone please comment on the familiarity of the process below?
1. FInd property you like.
2. Sign 'Provisional Agreement' and pay one months rent in advance to LL directly to secure whilst the Tenancy Agreement is drawn up.
3. Sign Tenancy Agreement.
4. Pay security deposit of 2 months, and utilities deposit (if applicable), and stamp duty - All to LL directly.
5. LL signs Tenancy Agreement when funds clear, and gives you the keys via agent.
6. You pay the agent fee of 50% of a months rent, as stipulated in the Provisional Agreement
7. Happy days.
Research indicates this is fairly common, and I've reviewed all contracts and cross referenced all business numbers. Everything checks out.
Anything odd there?