Document background
The Contract to Sell Land is a fundamental document in Hong Kong property transactions, used whenever real property is bought or sold. It serves as the primary agreement governing the rights and obligations of both vendor and purchaser, and must comply with the formal requirements under Hong Kong's Conveyancing and Property Ordinance. This document is essential for both residential and commercial property transactions, containing critical information such as property details, purchase price, payment terms, conditions precedent, completion arrangements, and warranties. It forms the basis for the subsequent Assignment and must be properly stamped under the Stamp Duty Ordinance. The contract's format and content have evolved to reflect Hong Kong's unique property law system and market practices, incorporating both common law principles and local statutory requirements.
