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A Letter Of Intent To Sale Property is a crucial preliminary document in Hong Kong real estate transactions, used when a prospective buyer wishes to formally express interest in purchasing a property while maintaining flexibility before the final agreement. It typically precedes the formal Sale and Purchase Agreement and includes essential terms such as property identification, proposed price, payment structure, and timeline. While generally non-binding, it may contain specific binding provisions such as confidentiality or exclusivity periods. The document must consider Hong Kong's unique property law framework, including the Conveyancing and Property Ordinance, stamp duty requirements, and land registration system. It's particularly valuable in complex transactions where parties need to establish clear intentions and basic terms before committing to detailed due diligence and formal documentation.

1. Date and Addresses: Current date and full addresses of both parties

2. Subject Line: Clear indication this is a Letter of Intent for purchase of specific property

3. Property Details: Full legal description of the property including address, lot number, and registered details

4. Purchase Price: Proposed purchase price and payment terms

5. Key Terms: Essential commercial terms including proposed completion date and any special conditions

6. Due Diligence: Proposed timeline and requirements for due diligence process

7. Exclusivity Period: Proposed period during which seller will not negotiate with other parties

8. Non-Binding Statement: Clear statement that this is non-binding except for specified clauses

9. Next Steps: Proposed timeline for moving to formal agreement

10. Closing: Signature blocks and formal letter closing