lease hong-kong
Why would a Leasing Agency, as Agent of the Landlords, form 4 shell corporations to be the Landlord — but with the same address?
<p>One of my children leases in Hong Kong. She quotes from her Tenancy Agreement</p>
<blockquote>
<ol>
<li>The Landlords</li>
</ol>
<p>Name : Dekker Investment Limited<br />
Dillinger Investment Limited<br />
Easeluck Development Limited<br />
Jekyll Investment Limited</p>
<p><strong>Registered Office  : 72-76/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. [Emboldening mine.]</strong></p>
<ol start="2">
<li>Agent of the Landlords</li>
</ol>
<p>Name : Henderson Leasing Agency Limited</p>
<p><strong>Registered Office : 72-76/F, Two International Finance Centre,
8 Finance Street, Central, Hong Kong.</strong></p>
</blockquote>
<p>A;;  their addresses are the same. So Henderson isn't trying to hide that they share the same office as the &quot;Landlords&quot;! But <a href="https://www.reddit.com/r/todayilearned/comments/9wpesf/til_in_delaware_a_small_building_is_the_legal/e9n4mvk/" rel="nofollow noreferrer">this isn't simply a legal address</a> for a registered agent! My child visited one of these Floors before, and personally knows some employees with Henderson. They confirm that Floors 72-76 house many employees and offices.</p>
<p>When I Googled the 4 limited corporations, I found no websites or information for a functioning bona fide (Is this the correct term?) company. Thus I think these 4 landlords are merely Shell or Holding Corporations.</p>
<p><strong>Question 1.</strong> But why wouldn't Henderson Leasing Agency Limited simply double as the Landlords? Why would they set up separate corporations as the Landlords?</p>
<p><strong>Question 2.</strong> Why would Henderson need to set up 4 separate corporations Why not just 1?</p>

<h2>Why do you think they have the same shareholders?</h2>
<p>There’s no reason to believe that they are related corporations just because they share an address.</p>
<p>I am shareholder and director of 4 corporations. 3 have the same shareholders in the same proportion. The other has different shareholders. All of them have their registered office at my accountant’s premises. It’s a small suburban practice so there are probably only a few hundred companies at that address. A large city practice would have thousands or tens of thousands.</p>
<p>The property management company probably provides the same service.</p>

<p>The property probably has four co-owners who provided capital for the project but want to be protected beyond their investment from landlord-liability for a property managed by a third-party management company, which probably has no ownership interest in the property.</p>
<p>I see that structure a lot in U.S. real estate investments.</p>
<p>There may be tax laws that make co-ownership by four corporations more favorable than having four co-owners in one company serving as a landlord.</p>
