The Preliminary Agreement for Sale and Purchase (PASP) is a crucial document in Hong Kong's property transaction process, serving as the first formal step in property sales. It is typically prepared after initial negotiations when parties have agreed on key terms but before the formal Sale and Purchase Agreement. The document includes essential information such as party details, property specifications, purchase price, payment terms, completion date, and basic warranties. Used in both residential and commercial property transactions, the PASP creates legally binding obligations once signed, including the requirement to pay stamp duty within 30 days. The document must comply with Hong Kong property law requirements and is usually prepared with professional assistance from estate agents or lawyers to ensure all necessary elements are properly addressed.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Vendor and Purchaser with full legal names and identification numbers
2. Background: Brief context of the transaction and property ownership status
3. Definitions: Key terms used throughout the agreement
4. Property Details: Full description of the property including address, lot number, and registered details
5. Purchase Price: The agreed purchase price and payment schedule including initial deposit, further deposit, and balance payment
6. Payment Terms: Detailed payment structure, timing, and method of payment
7. Completion: Completion date and procedures for the transaction
8. Vacant Possession: Confirmation of vacant possession upon completion
9. Stamp Duty: Responsibilities for various stamp duties applicable to the transaction
10. Title: Vendor's obligation to show good title and purchaser's right to raise requisitions
11. Default: Consequences of default by either party
12. Representations and Warranties: Basic warranties about the property and transaction
13. Execution: Signature blocks and execution requirements
1. Tenancy: Required if the property is sold subject to existing tenancy
2. Car Parking Space: Required if a parking space is included in the sale
3. Furniture and Fittings: Required if specific furniture or fittings are included in the sale
4. Management Fees: Required for properties in managed buildings or estates
5. Government Rent and Rates: Required for properties subject to government rent
6. Mortgage Status: Required if property is mortgaged or if purchaser requires mortgage financing
7. Commission: Required if there are estate agent commission arrangements to be documented
8. Special Conditions: For any unique terms specific to the transaction
1. Schedule 1 - Property Details: Detailed property information including floor plan and specifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing
3. Schedule 3 - Inventory: List of furniture and fittings included in the sale, if applicable
4. Schedule 4 - Existing Tenancy Details: Details of any existing tenancy agreements, if applicable
5. Appendix A - Floor Plan: Copy of the property floor plan
6. Appendix B - Land Search: Recent land search document showing title details
7. Appendix C - Estate Agency Agreement: Copy of estate agency agreement if transaction involves agent
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Residential Property
Commercial Property
Property Development
Banking and Finance
Legal Services
Property Management
Real Estate Investment
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Sales
Transactions
Property Development
Investment
Operations
Document Management
Risk Management
Relevant Roles
Property Lawyer
Real Estate Agent
Property Manager
Conveyancing Manager
Legal Director
Real Estate Transaction Manager
Compliance Officer
Property Sales Manager
Real Estate Investment Manager
Bank Manager
Property Development Manager
Title Officer
Legal Associate
Real Estate Consultant
Find the exact document you need
Social Media Influencer Contract
A Hong Kong law-governed agreement between brands and social media influencers defining terms for content creation, promotion, and compensation.
find out more
Statutory Declaration Form Partner Visa
A legally binding declaration form used in Hong Kong for partner visa applications, requiring sworn statements about relationship status and supporting evidence under Hong Kong law.
find out more
Subject Meeting Minutes
Official record of corporate meeting proceedings and decisions, compliant with Hong Kong Companies Ordinance requirements.
find out more
Simple NDA Form
A Hong Kong-governed NDA template for protecting confidential information in business relationships, compliant with Hong Kong law and common law principles.
find out more
Repairs And Maintenance Contract
A Hong Kong law-governed agreement setting out terms and conditions for property repair and maintenance services, including service specifications and regulatory compliance requirements.
find out more
Property Maintenance Contract
A Hong Kong law-governed agreement establishing terms and conditions for property maintenance services, including service standards, compliance requirements, and responsibilities.
find out more
Providing Notice To Landlord
A formal notice from tenant to landlord under Hong Kong law, used for official communications regarding tenancy matters.
find out more
Private Car Purchase Agreement
A Hong Kong law-governed agreement for the sale and purchase of a private vehicle, detailing terms of sale and ownership transfer.
find out more
Partnership Agreement Between Company And Individual
A Hong Kong law-governed agreement establishing a partnership between a company and an individual, setting out terms for collaboration, responsibilities, and profit sharing.
find out more
Non Responsibility Waiver
A Hong Kong law-governed document that releases liability for specified risks and activities, compliant with local ordinances and regulations.
find out more
New Employee Details Form
A standardized form for collecting new employee information in Hong Kong, ensuring compliance with local employment and data privacy laws.
find out more
Limited Letter Of Administration
A Hong Kong High Court document granting restricted authority to administer specific aspects of a deceased person's estate under Hong Kong law.
find out more
IT Service Desk SLA
A Hong Kong law-governed Service Level Agreement establishing performance metrics and terms for IT Service Desk support services.
find out more
Lease Termination Request Letter
A formal letter compliant with Hong Kong law requesting the termination of a lease agreement between tenant and landlord, including termination date and handover arrangements.
find out more
Home Construction Contract Agreement
A Hong Kong-governed agreement between homeowner and contractor for residential construction works, outlining construction terms, payments, and compliance requirements.
find out more
Fund Transfer Request Letter
A formal banking document used in Hong Kong to authorize and initiate fund transfers between accounts, complying with HKMA regulations and local banking requirements.
find out more
Ending Tenancy Letter
A formal notice document used in Hong Kong to terminate a tenancy agreement, complying with local property law requirements.
find out more
Employment Contract For Real Estate Agent
Hong Kong-compliant employment contract for real estate agents, covering licensing, commissions, and professional obligations under local law.
find out more
Copyright Agreement Form
A Hong Kong law-governed agreement that facilitates the transfer or licensing of copyright ownership, ensuring legal protection under the Hong Kong Copyright Ordinance.
find out more
Contract For Subcontractors In (Construction)
A Hong Kong law-governed agreement between main contractor and subcontractor defining construction works, payments, and compliance requirements.
find out more
Conditional Sales Agreement
A Hong Kong law-governed agreement for sales where title transfer is conditional upon specific requirements such as full payment or other conditions.
find out more
Buyer Contract With Real Estate Agent
A Hong Kong law-governed agreement between a property buyer and real estate agent establishing terms for property search and acquisition services.
find out more
Builders Invoice
A Hong Kong-compliant financial document used by builders to request payment for completed construction works, incorporating local regulatory requirements and detailed cost breakdowns.
find out more
Commitment Letter From Lender
A Hong Kong law-governed formal letter from a lender confirming their commitment to provide financing under specified terms and conditions.
find out more
Cohabiting Agreement
A Hong Kong law-governed agreement establishing rights and obligations between unmarried cohabiting partners, covering property, financial, and living arrangements.
find out more
Consignment Agreement For (Retail)
A Hong Kong law-governed agreement establishing terms for retail consignment arrangements, including commission structures, goods handling, and payment terms.
find out more
Company Consent Letter
A formal document under Hong Kong law providing official company approval or permission for specific corporate actions, executed by authorized signatories.
find out more
Basic Domestic Worker Contract
A standardized employment contract under Hong Kong law for domestic workers, outlining terms of employment, duties, and statutory rights and obligations.
find out more
Subaward Agreement
A Hong Kong law-governed agreement for transferring portions of grant funding from a primary recipient to another organization for specific research or project activities.
find out more
Estate Agent Memorandum Of Sale
A Hong Kong-compliant memorandum documenting property sale terms and conditions between parties, facilitated by licensed estate agents under local regulations.
find out more
Master Professional Services Agreement
A Hong Kong law-governed master agreement establishing terms for ongoing professional services delivery through multiple statements of work.
find out more
Service Agreement Payment Terms
A Hong Kong law-governed document establishing payment terms and conditions for service agreements, including payment schedules, methods, and dispute resolution procedures.
find out more
Joint Custody Contract
A Hong Kong law-governed agreement establishing joint custody arrangements between parents/guardians, detailing shared responsibilities and decision-making processes for child care.
find out more
Hazard Risk Assessment
A regulatory-compliant workplace hazard assessment document under Hong Kong law that identifies, evaluates, and provides control measures for workplace safety risks.
find out more
Fixed Term Lease Notice
A formal notice document used in Hong Kong to communicate the termination or expiration of a fixed-term lease agreement, compliant with Hong Kong property law.
find out more
Gross Misconduct Warning Letter
A formal warning letter under Hong Kong employment law addressing serious workplace misconduct that could warrant dismissal.
find out more
Binder Agreement (Insurance)
A Hong Kong law-governed agreement delegating authority from an insurer to a coverholder to underwrite insurance contracts on the insurer's behalf.
find out more
Vendor Service Level Agreement
A Hong Kong law-governed agreement defining service standards and performance metrics between a service provider and customer, with specific measurable targets and remedies.
find out more
Latex Risk Assessment
A Hong Kong-compliant risk assessment document for evaluating and managing latex-related workplace hazards under Cap. 509 regulations.
find out more
Exclusive Licence
A Hong Kong law-governed agreement granting exclusive rights to use and exploit intellectual property within specified parameters.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)