FAQ for Tenants

What is the '7531' formula for calculating statutory compensation as stipulated in the Landlord and Tenant (Consolidation) Ordinance (LTO) effective before the amendment of the LTO on 9 July 2004?

Calculation is based on the yearly rateable value.
Rateable value is decided by the Rating & Valuation Department, which is estimated at about 12 months' rent.
Statutory compensation was calculated as follows:

Rateable Value (RV)	Basic Ex-gratia Payment
The first $30,000 RV	7 times RV
The next $30,000 RV	5 times RV
The next $30,000 RV	3 times RV
The remaining RV	1 times RV

For new projects launched under the URAO (i.e. other than the announced ex-LDC projects) the URA adopts the following policies for eligible domestic tenants:

This web page briefly outlines the current principles and policies adopted by the Urban Renewal Authority (URA) for providing re-housing and making ex-gratia payment to affected tenants of the projects. For updated information, please refer to the URA Board approves enhancements to policies for ex-gratia payment and rehousing press release issued on 13 June 2017.

Survey on Domestic Tenants of ex-LDC projects (13-15/5/2005)

Available in Chinese version only.