Document background
The Offer Letter For House is a crucial initial document in Hong Kong's residential property transaction process. It is typically used when a prospective buyer wishes to formally communicate their interest in purchasing a specific property and outline their proposed terms. This document serves as the foundation for negotiations between parties and typically includes essential details such as the property identification, purchase price, payment terms, conditions precedent, and timeline for completion. While not legally binding at this stage, the offer letter sets the framework for the subsequent Sale and Purchase Agreement and must be drafted in accordance with Hong Kong property law and market practices. It is particularly important in Hong Kong's fast-moving property market, where clear documentation of intentions and terms is essential for progressing to formal property transactions.
