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Deed Of Absolute Sale
"I need a Deed of Absolute Sale for a commercial property purchase in Causeway Bay, Hong Kong, where the property is currently leased to multiple tenants, and we need to preserve these existing tenancy agreements after the sale completes in March 2025."
1. Parties: Identification and details of the Vendor and Purchaser, including their full legal names, addresses, and identification numbers
2. Background/Recitals: Context of the sale and confirmation of the Vendor's right to sell the property
3. Definitions and Interpretation: Definitions of key terms used throughout the deed and rules for interpretation
4. Property Details: Full legal description of the property being sold, including lot number, address, and registered particulars
5. Consideration: Purchase price and payment terms, including any deposits paid
6. Free from Encumbrances: Vendor's warranty that the property is free from mortgages, charges, and other encumbrances
7. Title Guarantee: Vendor's warranties regarding good title and right to sell
8. Completion: Details of completion date, time, and place, and obligations of parties upon completion
9. Stamp Duty: Provisions regarding payment of stamp duty and who bears the cost
10. Costs: Allocation of legal and other costs related to the sale
11. Registration: Obligations regarding registration of the transfer at the Land Registry
12. Execution: Formal execution clause meeting requirements for a deed under Hong Kong law
1. Existing Tenancies: Required when the property is sold subject to existing tenancies, detailing the terms and conditions of such tenancies
2. Provisional Agreement: References to any preliminary sale and purchase agreement when the deed follows such an agreement
3. Property Management: Required for properties in multi-unit buildings, addressing management fees and obligations
4. Possession: Special provisions regarding vacant possession or conditions of possession
5. Tax Indemnity: Special tax-related provisions, particularly relevant for corporate vendors or purchasers
6. Representations and Warranties: Additional specific warranties beyond standard title guarantees, used for unique property characteristics
7. Foreign Law Compliance: Required when either party is subject to foreign ownership restrictions or regulations
1. Property Schedule: Detailed property description including floor plans, boundaries, and included fixtures and fittings
2. Title Documents: List of all relevant title documents and their location
3. Existing Tenancies Schedule: Details of any existing tenancy agreements affecting the property
4. Inventory: List of any movable items included in the sale
5. Encumbrances Schedule: Details of any permitted encumbrances that will continue after completion
6. Completion Requirements: Checklist of documents required for completion
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Real Estate Investment
Commercial Property
Residential Property
Industrial Property
Legal
Real Estate
Property Management
Compliance
Corporate Secretarial
Investment
Operations
Property Development
Asset Management
Risk Management
Property Lawyer
Real Estate Agent
Property Manager
Conveyancing Manager
Legal Counsel
Company Director
Company Secretary
Property Development Manager
Investment Manager
Compliance Officer
Real Estate Portfolio Manager
Title Officer
Legal Executive
Property Transaction Coordinator
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