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Property Agreement Contract
"I need a Property Agreement Contract for the purchase of a commercial office space in Central, Hong Kong, with specific provisions for existing tenants and completion scheduled for March 2025."
1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context of the agreement and brief description of the property transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, lot number, and registered details
5. Purchase Price: Agreed purchase price and payment terms including deposits and completion payment
6. Completion: Details of completion date, procedures, and requirements
7. Title and Ownership: Warranties and representations regarding property title and ownership
8. Conditions Precedent: Conditions that must be satisfied before completion
9. Rights and Obligations: Specific rights and obligations of each party
10. Representations and Warranties: Standard and specific warranties given by each party
11. Default and Termination: Consequences of default and termination provisions
12. Stamp Duty: Obligations regarding payment of stamp duty
13. Costs and Expenses: Allocation of legal and other transaction costs
14. Notices: Process for giving formal notices under the agreement
15. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction
16. Execution: Signature blocks and execution formalities
1. Mortgages and Charges: Required when the property is subject to existing mortgages or charges
2. Tenancies: Required when the property is subject to existing tenancies
3. Property Management: Required for properties in multi-unit buildings or estates
4. Renovation Works: Required when specific renovation or modification works are agreed
5. Car Parking Spaces: Required when car parking spaces are included in the transaction
6. Assignment Conditions: Required when there are special conditions for property assignment
7. Joint Ownership Provisions: Required when property is being purchased by multiple owners
8. Property Inspection: Required when specific inspection conditions are agreed
1. Property Schedule: Detailed description of the property including floor plans and measurements
2. Inventory Schedule: List of fixtures, fittings, and contents included in the sale
3. Payment Schedule: Detailed breakdown of payment terms and installments
4. Existing Tenancy Schedule: Details of any existing tenancy agreements affecting the property
5. Title Documents: List of title documents and relevant land registry records
6. Outstanding Works Schedule: List of any agreed repairs or works to be completed
7. Property Management Rules: Relevant building management rules and regulations
8. Deed of Mutual Covenant: Terms of the building's deed of mutual covenant if applicable
Authors
Real Estate
Banking and Finance
Legal Services
Property Development
Property Management
Construction
Investment
Residential Property
Commercial Property
Property Insurance
Legal
Real Estate
Compliance
Property Management
Sales
Corporate Services
Risk Management
Operations
Investment
Finance
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Investment Manager
Real Estate Investment Director
Contract Manager
Property Valuer
Mortgage Specialist
Company Director
Legal Administrator
Real Estate Transaction Coordinator
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