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Deed Of Sale For Lot Template for Hong Kong

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Key Requirements PROMPT example:

Deed Of Sale For Lot

"I need a Deed of Sale for Lot for a commercial property transaction in Kowloon, Hong Kong, with completion scheduled for March 15, 2025, where the buyer is a corporate entity and the property will be delivered with vacant possession."

Document background
The Deed of Sale for Lot is a crucial legal instrument in Hong Kong's property market, used whenever there is a transfer of land ownership between parties. This document type is essential for both commercial and residential property transactions in Hong Kong, where land ownership operates under a leasehold system. The deed must comply with strict requirements under Hong Kong law, particularly the Conveyancing and Property Ordinance (Cap. 219) and the Land Registration Ordinance (Cap. 128). It serves as permanent evidence of the property transfer, containing vital information such as property details, consideration, warranties, and completion arrangements. The document is particularly important given Hong Kong's sophisticated property market and its unique system of land ownership, where most land is held under government leases.
Suggested Sections

1. Parties: Identifies and defines all parties to the deed, including full legal names, addresses, and incorporation details if applicable

2. Background: Sets out the context of the transaction, including current ownership status and intention to sell/purchase

3. Definitions: Defines key terms used throughout the deed

4. Property Description: Detailed description of the lot including lot number, location, dimensions, and registered details

5. Consideration: States the purchase price and payment terms

6. Title Guarantee: Seller's warranties regarding ownership and right to sell

7. Completion: Details of completion date, time, and place

8. Vacant Possession: Commitment to deliver vacant possession on completion

9. Rights and Easements: Details of any rights, easements, or covenants affecting the property

10. Representations and Warranties: Standard warranties given by both parties

11. Stamp Duty: Provisions regarding payment of stamp duty

12. Execution: Formal execution block meeting Hong Kong deed requirements

Optional Sections

1. Existing Tenancies: Required if the property is sold subject to existing tenancies

2. Planning Restrictions: Include if specific planning conditions or restrictions affect the property

3. Environmental Matters: Required if environmental issues or contamination concerns exist

4. Building Orders: Include if there are outstanding building orders or notices

5. Property Management: Required for properties in managed developments

6. Deposits Held: Include if managing existing tenant deposits

7. Development Potential: Include if selling with specific development rights or potential

8. Government Lease Conditions: Required if special conditions in government lease affect use or development

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description, including lot number, address, and registered particulars

2. Schedule 2 - Title Documents: List of all relevant title documents and encumbrances

3. Schedule 3 - Property Plan: Plans showing the lot boundaries and location

4. Schedule 4 - Existing Tenancies: Details of any existing tenancies affecting the property

5. Schedule 5 - Fixtures and Fittings: List of included and excluded fixtures and fittings

6. Appendix A - Land Search: Recent land search results showing current registration status

7. Appendix B - Government Lease: Copy of relevant government lease conditions

8. Appendix C - Completion Requirements: Checklist of documents required for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































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Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Investment

Urban Planning

Commercial Property

Residential Property

Industrial Property

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Operations

Compliance

Finance

Asset Management

Investment

Development

Corporate Secretarial

Risk Management

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Property Development Manager

Conveyancing Manager

Land Surveyor

Property Investment Director

Real Estate Agent

Property Operations Manager

Facilities Manager

Asset Manager

Company Secretary

Compliance Officer

Property Portfolio Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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