General rates and Urban Council rates both of which appear on the same Demand Note. The rateable value approximates the annual rental value of the premises. Rates are payable quarterly in advance to the Government upon presentation of an invoice to the Tenant. Management Fees Management fees are charges for the running, repair and upkeep of the common areas of the building and any services. These fees are paid on a monthly basis direct to the management company by the tenant.
Management fees vary greatly depending on facilities provided by the individual complex eg.
It is important to note that these costs are not included in the monthly rental. Application forms may be obtained directly from the relevant Utility Company and it usually takes a week to 10 days for connection to be completed. A photocopy of the consumer's Hong Kong Identity Card must be attached with the application for water supply. Generally, applications for telephone, electricity and gas can be applied for over the telephone provided the applicant's identity card is valid. This is a one off fee and is split between the Client and the landlord on a fifty-fifty basis.