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Hong Kong Budget: Rental relief for some small firms as landlords to be barred from taking action against them


Hong Kong landlords will be banned from terminating tenancies or taking legal action against business tenants from specific sectors for up to six months, Financial Secretary Paul Chan announced in the city’s budget on Wednesday.

The measure was set to help small and medium enterprises (SME), “taking into consideration that rental payment constitutes a major part of the operating expenses of enterprises,” Chan said, adding that “many SMEs currently face huge challenges amidst the adverse business environment.”

Photo: GovHK.

The government will introduce new legislation to ban landlords from “terminating the tenancy of or not providing services to tenants of specified sectors for failing to settle rents on schedule, or taking relevant legal actions against them.”

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