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The Mobile Home Installment Sale Contract is essential for transactions involving the purchase of mobile homes through periodic payments in Hong Kong. This document is typically used when buyers require financing arrangements directly with the seller or through a third-party financier. It combines elements of both a sale agreement and a financing agreement, structured to comply with Hong Kong's regulatory requirements, particularly the Money Lenders Ordinance and Sale of Goods Ordinance. The contract addresses crucial aspects such as title transfer, security interests, installation specifications, and warranty terms, while providing consumer protections required under Hong Kong law. It is particularly important in the manufactured housing market where traditional mortgage financing may not be available or suitable.

1. Parties: Identification of the seller and buyer, including full legal names, addresses, and registration details if any party is a company

2. Background: Context of the transaction, including brief description of the mobile home being sold and the parties' intention to enter into an installment sale arrangement

3. Definitions: Definitions of key terms used throughout the contract, including 'Mobile Home', 'Installment Payments', 'Interest Rate', etc.

4. Sale and Purchase: Core terms of the sale including the total purchase price, description of the mobile home, and confirmation of the installment arrangement

5. Payment Terms: Detailed structure of installment payments, including down payment, monthly payment amounts, payment dates, and interest calculations

6. Delivery and Installation: Terms regarding delivery timeline, installation requirements, and responsibilities of each party during these processes

7. Title and Security Interest: Provisions regarding when title passes to the buyer and the seller's security interest until full payment

8. Warranties and Representations: Warranties regarding the mobile home's condition, fitness for purpose, and compliance with regulations

9. Insurance Requirements: Mandatory insurance coverage for the mobile home during the installment period

10. Default and Remedies: Consequences of default, including late payment penalties, repossession rights, and cure periods

11. Maintenance and Repairs: Responsibilities for maintaining the mobile home during the payment period

12. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes