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Land Selling Agreement Form
"I need a Land Selling Agreement Form for a residential property sale in Hong Kong's New Territories, with completion scheduled for March 2025, including provisions for an existing tenant who will remain in the property for 6 months post-completion."
1. Parties: Details of the Vendor and Purchaser, including full legal names, identification numbers, and registered addresses
2. Background: Context of the transaction, including brief property history and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, address, and registered particulars
5. Purchase Price: Agreed purchase price and payment terms including deposits and completion payment
6. Completion: Details of completion date, time, and place, and procedures for completion
7. Title and Title Documents: Vendor's warranties regarding title and obligations to deliver title documents
8. Vendor's Representations and Warranties: Standard warranties about property ownership, encumbrances, and condition
9. Purchaser's Representations and Warranties: Confirmations regarding capacity to purchase and financial ability
10. Conditions Precedent: Conditions that must be satisfied before completion
11. Vacant Possession: Obligations regarding delivery of vacant possession upon completion
12. Default Provisions: Consequences of default by either party and available remedies
13. Costs and Stamp Duty: Allocation of legal costs, stamp duty, and other expenses
14. Notices: Process for serving notices between parties
15. Governing Law and Jurisdiction: Confirmation of Hong Kong law as governing law and jurisdiction
1. Existing Tenancies: Required when property is sold subject to existing tenancies, detailing tenant rights and obligations
2. Mortgage Details: Required when property is sold subject to existing mortgage, including discharge arrangements
3. Property Management: Required for properties in multi-story buildings, detailing management fees and obligations
4. Building Orders: Required when there are outstanding building orders or notices affecting the property
5. Special Conditions: For any unique requirements or circumstances specific to the transaction
6. Tax Indemnity: Required when special tax considerations apply, such as special stamp duty or buyer's stamp duty
7. Joint Ownership Provisions: Required when property is being purchased by multiple buyers
8. Car Parking Space: Required when the sale includes parking spaces
1. Schedule 1 - Property Description: Detailed property description including boundaries, measurements, and floor plans
2. Schedule 2 - Purchase Price Payment Schedule: Breakdown of payment installments and timing
3. Schedule 3 - Title Documents: List of all title documents to be delivered on completion
4. Schedule 4 - Fixtures and Fittings: Inventory of items included/excluded from the sale
5. Appendix A - Property Plans: Floor plans, location maps, and other relevant drawings
6. Appendix B - Copies of Title Documents: Copies of relevant title documents and searches
7. Appendix C - Existing Tenancy Agreements: If applicable, copies of current tenancy agreements
8. Appendix D - Building Management Documents: Relevant building management rules and regulations
Authors
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Investment
Urban Planning
Property Management
Commercial Property
Residential Property
Legal
Real Estate
Property Management
Compliance
Investment
Development
Operations
Risk Management
Documentation
Corporate Services
Property Lawyer
Real Estate Agent
Property Developer
Legal Counsel
Conveyancing Manager
Property Manager
Investment Manager
Real Estate Director
Compliance Officer
Title Officer
Land Registration Officer
Property Consultant
Real Estate Investment Manager
Development Director
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