Could I sell restaurant without consent or approval by Landlord in HK?
Could I sell my restaurant without getting the consent or approval by Landlord in Hong Kong? I’ve got a buyer who would like to keep the rent and lease term of my current lease unchanged. He would prefer to buy my restaurant with my current lease together with fitting, equipments and licence. Is it possible?
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Check Tenancy Agreement [any clauses to restrict Restaurant Sale]
Whether you could sell your restaurant with or without consent or approval by Landlord, depends on conditions and terms laid down in Tenancy Agreement between you as a Tenant and the Landlord. The first thing is to check your current Tenancy Agreement, whether there are any subletting clause, change of major shareholders, trade name etc. which are required to be approval by Landlord.[:]
