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Form For Real Estate Purchase Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Form For Real Estate Purchase Agreement

I need a Form For Real Estate Purchase Agreement for a residential apartment in Hong Kong, including provisions for existing tenancy agreements that will expire in March 2025, and special clauses for included furniture and fittings.

Document background
The Form For Real Estate Purchase Agreement is a crucial legal document used in Hong Kong property transactions to formalize and execute the sale and purchase of real estate properties. This document is essential for both residential and commercial property transactions in Hong Kong, incorporating specific requirements under local property law, including the Conveyancing and Property Ordinance (Cap. 219) and related legislation. The agreement follows standard Hong Kong conveyancing practice and is typically prepared after a provisional agreement has been signed. It contains detailed provisions covering all aspects of the transaction, from property description and purchase price to completion procedures and post-completion obligations. The document must comply with Hong Kong's strict requirements for property transactions, including provisions for stamp duty, land registration, and property title transfer.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Detailed description of the property including lot number, address, and registered particulars

5. Purchase Price: Statement of the purchase price and payment terms including deposit and balance payment schedule

6. Payment Terms: Detailed breakdown of payment structure, timing, and method of payment

7. Completion: Completion date, procedures, and requirements for completion of the sale

8. Title and Transfer: Vendor's warranties regarding title and provisions for transfer of ownership

9. Vendor's Representations and Warranties: Standard warranties about property condition, ownership, and encumbrances

10. Purchaser's Representations and Warranties: Purchaser's confirmations regarding financing and capacity to complete

11. Stamp Duty: Provisions regarding payment of stamp duty and other transaction taxes

12. Termination: Circumstances under which the agreement may be terminated and consequences

13. Default: Consequences of default by either party and remedies available

14. Notices: Process for giving formal notices under the agreement

15. Governing Law and Jurisdiction: Confirmation of Hong Kong law as governing law and jurisdiction

Optional Sections

1. Existing Tenancies: Required when the property is sold subject to existing tenancies

2. Mortgage Status: Required when the property is being sold subject to an existing mortgage

3. Car Parking Space: Required when a parking space is included in the sale

4. Furniture and Fittings: Required when the sale includes specific furniture or fittings

5. Building Management: Required for properties in multi-story buildings regarding management fees and obligations

6. Pre-existing Violations: Required when there are known building or regulatory violations

7. Government Rent and Rates: Required when there are specific arrangements for outstanding government rent and rates

8. Provisional Agreement Integration: Required when incorporating terms from a provisional agreement

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property information including lot number, floor area, and boundaries

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing

3. Schedule 3 - Included Items: List of fixtures, fittings, and other items included in the sale

4. Schedule 4 - Excluded Items: List of items specifically excluded from the sale

5. Schedule 5 - Existing Tenancies: Details of any existing tenancy agreements affecting the property

6. Schedule 6 - Property Inspection Report: Results of property inspection and condition assessment

7. Appendix A - Property Floor Plan: Floor plan showing layout and dimensions of the property

8. Appendix B - Title Documents: Copies of relevant title documents and land search results

9. Appendix C - Completion Checklist: List of documents and actions required for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































Clauses






























Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Development

Property Management

Construction

Professional Services

Investment

Residential Property

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Conveyancing

Risk Management

Investment

Operations

Business Development

Documentation

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Conveyancing Manager

Legal Counsel

Compliance Officer

Property Developer

Investment Manager

Real Estate Investment Director

Bank Manager

Property Portfolio Manager

Title Officer

Real Estate Paralegal

Real Estate Broker

Legal Executive

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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