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Offer Letter For Sale Of Property Template for Hong Kong

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Key Requirements PROMPT example:

Offer Letter For Sale Of Property

"I need an Offer Letter For Sale Of Property for a residential apartment in Taikoo Shing, Hong Kong, with a completion date of March 15, 2025, including conditions for mortgage financing and a 14-day due diligence period."

Document background
The Offer Letter For Sale Of Property is a crucial preliminary document in Hong Kong's property transaction process, typically used before the formal Agreement for Sale and Purchase is executed. It serves as the initial formal communication between a prospective buyer and property seller, outlining the proposed terms of the transaction. This document is particularly important in Hong Kong's fast-moving property market, where multiple offers might be made on the same property. The letter should include all material terms of the proposed purchase, including price, payment structure, completion timeline, and any conditions precedent. While not legally binding in itself, it forms the foundation for subsequent legal documentation and is often referenced during the conveyancing process. The document must be drafted in compliance with Hong Kong property laws and regulations, particularly regarding stamp duty requirements and property transaction procedures.
Suggested Sections

1. Sender's Details: Full name, address, and contact information of the party making the offer

2. Date: Date of the offer letter

3. Recipient's Details: Full name and address of the property owner/seller

4. Property Details: Complete legal description and address of the property being offered to purchase

5. Purchase Price: Clear statement of the offered purchase price in both numbers and words

6. Payment Terms: Details of how and when payment will be made, including any deposits

7. Completion Timeline: Proposed completion date and key milestones

8. Due Diligence Period: Timeframe for conducting property inspections and title searches

9. Offer Validity: Period for which the offer remains valid

10. Acceptance Mechanism: Clear instructions on how and when to accept the offer

11. Signature Block: Space for offeror's signature and date

Optional Sections

1. Financing Condition: Include when purchase is subject to obtaining mortgage financing

2. Existing Tenancy: Include when property is subject to existing tenancy arrangements

3. Furniture and Fittings: Include when offer includes specific furniture or fittings

4. Property Management Fees: Include for properties in managed buildings/estates

5. Stamp Duty Arrangement: Include specific arrangements for payment of stamp duty

6. Chain Sale Condition: Include when purchase is dependent on sale of buyer's existing property

Suggested Schedules

1. Property Inspection Report: Details of any property inspection findings if already conducted

2. Inventory List: List of furniture and fittings included in the sale, if applicable

3. Floor Plan: Current floor plan of the property

4. Title Documents: Copies of relevant title documents or land search results

5. Proof of Funds: Evidence of buyer's ability to complete the purchase

6. Property Photos: Recent photographs of the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























Clauses




















Relevant Industries

Real Estate

Legal Services

Banking & Finance

Property Development

Property Management

Construction

Investment Management

Professional Services

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Sales

Investment

Operations

Risk Management

Finance

Corporate Services

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancing Solicitor

Property Manager

Real Estate Development Manager

Investment Manager

Legal Counsel

Property Acquisition Manager

Real Estate Investment Analyst

Compliance Officer

Real Estate Portfolio Manager

Property Sales Director

Banking Relationship Manager

Mortgage Specialist

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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