The Absolute Sale Deed is a fundamental legal instrument in Hong Kong's property law system, used to transfer complete and unconditional ownership of real property from one party to another. This document is essential when conducting property transactions in Hong Kong and must comply with the requirements set forth in the Conveyancing and Property Ordinance (Cap. 219) and related legislation. The deed contains comprehensive details about the property being transferred, including its exact description, consideration amount, warranties, and various legal provisions ensuring the legitimacy of the transfer. It's particularly important as it serves as the primary evidence of the property transfer and must be properly registered with the Hong Kong Land Registry to perfect the buyer's title.
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1. Parties: Identifies and provides full details of the vendor (seller) and purchaser (buyer), including their full names, addresses, and identification numbers
2. Background: Sets out the context of the sale, including brief property history and current ownership status
3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty
4. Property Details: Comprehensive description of the property being sold, including its exact location, boundaries, and registered details
5. Consideration: States the agreed purchase price and payment terms
6. Transfer Declaration: The operative part of the deed that actually transfers the property from vendor to purchaser
7. Vendor's Warranties: Warranties regarding title, property condition, and absence of encumbrances
8. Title and Documents: Details of the title documents and their handover
9. Completion: Specifies the completion date and procedures for finalizing the sale
10. Execution: Space for parties to execute the deed with appropriate attestation
1. Existing Tenancies: Required when the property is sold subject to existing tenancies, detailing tenant rights and obligations
2. Mortgage Details: Included when the property is being sold subject to an existing mortgage or financing arrangement
3. Property Management: Necessary when the property is part of a managed development, detailing management fees and obligations
4. Tax Provisions: Added when specific tax arrangements or obligations need to be addressed
5. Third Party Rights: Required when there are rights affecting the property that benefit third parties
6. Special Conditions: Included when there are unique circumstances or conditions affecting the sale
7. Dispute Resolution: Optional section detailing how disputes will be handled, including jurisdiction and arbitration provisions
1. Property Schedule: Detailed property description including lot number, floor plans, and exact measurements
2. Title Documents: List of all title documents and their locations
3. Fixtures and Fittings: Inventory of items included or excluded from the sale
4. Existing Encumbrances: Details of any existing encumbrances, easements, or rights of way
5. Property Certificates: Copies of relevant certificates including occupation permit and deed of mutual covenant
6. Property Photos: Photographs documenting the current condition of the property
7. Building Plans: Approved building plans and modifications, if any
Relevant legal definitions
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Relevant Industries
Real Estate
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Banking and Finance
Legal Services
Construction
Property Management
Investment
Urban Development
Commercial Property
Residential Property
Relevant Teams
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Real Estate
Property Management
Compliance
Investment
Operations
Risk Management
Asset Management
Corporate Services
Transaction Advisory
Relevant Roles
Property Lawyer
Real Estate Agent
Property Manager
Legal Counsel
Conveyancing Manager
Property Developer
Investment Manager
Real Estate Director
Compliance Officer
Land Registry Officer
Title Officer
Property Valuer
Real Estate Investment Analyst
Asset Manager
Transaction Manager
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