Answer: If a principal tenant lives in an affected unit, in addition to basic cash compensation and cash incentive based on the saleable area of his occupied portion, a principal tenant whose tenancy commences before the project occupancy survey will be offered 12 months' profit rent (if any) subject to his acceptance of the offer within a specified period.

Absentee principal tenants whose tenancies commence before the date of project occupancy survey will be offered HK$10,000 plus an incentive provided they accept the offer within a specified period. Absentee principal tenants whose tenancies commence after the project occupancy survey will be offered HK$5,000 without any cash incentive.

A principal tenant will be offered rental reduction where sub-tenants surrender leased portions or terminated for any reason before the principal tenant delivers vacant possession.

If a unit is wholly rented by a principal tenant, the interests of the vacant rooms belong to the principal tenant.

Half of the total amount of the above-mentioned basic cash compensation, incentive, and profit rent (for principal tenants cases) will be paid upon the execution of surrender agreement and the remaining half will be paid after the delivery of vacant possession.

The above cash compensation is intended to cover for the costs of moving to alternative accommodation and therefore, no ex-gratia removal allowance will be offered to tenants who receive cash compensation.

This website is for reference only. The information contained is by no means exhaustive and is not legally binding and shall not be in any way construed as a legal document. The principles outlined herewith are subject to change without prior notice.