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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."
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
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
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
Real Estate
Property Development
Banking and Finance
Legal Services
Property Management
Construction
Commercial Property
Residential Property
Real Estate Investment
Property Investment
Legal
Real Estate
Property Management
Compliance
Corporate Secretarial
Risk Management
Operations
Facilities Management
Finance
Investment
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
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