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Deed Of Sale Of Real Property Template for Hong Kong

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Key Requirements PROMPT example:

Deed Of Sale Of Real Property

"I need a Deed of Sale of Real Property for a residential apartment in Hong Kong, with completion scheduled for March 15, 2025, including provisions for a 10% deposit and mortgage discharge from an existing lender."

Document background
The Deed of Sale of Real Property is a fundamental legal instrument in Hong Kong's property market, used to formalize and execute the transfer of real estate ownership. This document is essential when transferring any real property in Hong Kong, whether residential, commercial, or industrial. 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 contains crucial information including property details, purchase price, warranties, and completion arrangements, while also addressing stamp duty obligations and registration requirements. The document's format as a deed rather than a simple contract provides additional legal formality and protection for both parties, making it the standard instrument for property transfers in Hong Kong's real estate market.
Suggested Sections

1. Parties: Full legal names and details of the Vendor and Purchaser, including identification numbers and registered addresses

2. Background: Recitals stating the Vendor's ownership and authority to sell, and the parties' intention to enter into the transaction

3. Definitions: Definitions of key terms used throughout the deed, including Property, Completion Date, Purchase Price, and other relevant terms

4. Agreement to Sell and Purchase: Core provision stating the Vendor's agreement to sell and the Purchaser's agreement to buy the Property

5. Purchase Price: Specification of the purchase price, payment terms, and payment method

6. Completion: Details of the completion date, time, and place, and the obligations of both parties upon completion

7. Title and Property Condition: Vendor's warranties regarding good title and property condition

8. Vacant Possession: Obligation to deliver vacant possession upon completion

9. Vendor's Representations and Warranties: Standard warranties about property ownership, encumbrances, and compliance with laws

10. Purchaser's Representations and Warranties: Confirmations regarding purchase authority and financial capacity

11. Stamp Duty: Provisions regarding payment of stamp duty and other transaction costs

12. Risk and Insurance: Transfer of risk and insurance obligations

13. Default Provisions: Consequences of default by either party

14. Governing Law and Jurisdiction: Confirmation of Hong Kong law as governing law and jurisdiction

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

Optional Sections

1. Mortgage Status: Required if the property is subject to an existing mortgage that needs to be discharged

2. Tenancy Provisions: Required if the property is subject to existing tenancies that will continue after sale

3. Property Management: Required for properties in multi-unit buildings with shared facilities

4. Conditions Precedent: Required if completion is subject to specific conditions being met

5. Tax Indemnity: Required if there are specific tax implications requiring indemnification

6. Agent Commission: Required if property agents are involved in the transaction

7. Planning Permissions: Required if the property involves specific planning permissions or restrictions

8. Environmental Matters: Required if there are environmental concerns or certifications

Suggested Schedules

1. Property Description Schedule: Detailed description of the property including lot number, address, and registered particulars

2. Inventory Schedule: List of fixtures, fittings, and chattels included in the sale

3. Title Documents Schedule: List of title documents to be delivered on completion

4. Existing Encumbrances Schedule: Details of any existing encumbrances, easements, or rights of way

5. Completion Requirements Schedule: Detailed list of documents and items to be delivered on completion

6. Payment Schedule: If payment is in installments, detailed payment schedule with dates and amounts

7. Property Plans Appendix: Floor plans, location maps, and other relevant property plans

8. Building Inspection Report Appendix: If applicable, building inspection findings and recommendations

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

































Clauses






























Relevant Industries

Real Estate

Property Development

Banking and Finance

Legal Services

Property Management

Construction

Commercial Property

Residential Property

Real Estate Investment

Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretarial

Risk Management

Operations

Facilities Management

Finance

Investment

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Property Development Manager

Conveyancing Lawyer

Company Secretary

Corporate Lawyer

Property Agent

Real Estate Director

Compliance Officer

Legal Director

Property Investment Manager

Real Estate Operations Manager

Transaction Manager

Risk 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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