The Offer To Purchase Form is a crucial document in Hong Kong's property transaction process, serving as the initial formal step in property acquisition. It is used when a potential buyer wishes to formalize their interest in purchasing a property by presenting a legally structured offer to the vendor. The document includes essential elements required under Hong Kong law, such as property details, purchase price, payment terms, completion timeline, and conditions precedent. This form is particularly important in Hong Kong's dynamic property market, where transactions must comply with strict regulatory requirements and local property practices. The document typically precedes the formal Sale and Purchase Agreement and may be used for both residential and commercial property transactions, incorporating necessary provisions for property registration, stamp duty considerations, and other jurisdiction-specific requirements.
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1. Purchaser Information: Full legal name, HKID/passport number, correspondence address and contact details of the potential buyer
2. Property Details: Complete legal description of the property, including address, lot number, and registered details
3. Purchase Price: Proposed purchase price in HKD, payment terms, and deposit amount
4. Payment Terms: Detailed breakdown of payment schedule, deposit arrangements, and completion payment
5. Due Diligence Period: Timeframe for conducting property inspections, title searches, and other investigations
6. Completion Date: Proposed date for completing the transaction and conditions for extension
7. Property Condition: Statement regarding the condition in which the property will be delivered
8. Standard Terms: Basic terms and conditions of the offer including validity period
9. Signatures: Execution block for purchaser's signature and date
1. Financing Conditions: Include when purchase is subject to obtaining mortgage or other financing
2. Vacant Possession: Include when specific arrangements for vacant possession are required
3. Existing Tenancy: Include when property is subject to existing tenancy agreements
4. Special Conditions: Include for any special requirements or conditions specific to the transaction
5. Furniture and Fittings: Include when offer includes specific furniture or fittings
6. Agent Details: Include when the offer is submitted through a property agent
7. Chain Sale Conditions: Include when purchase is dependent on sale of purchaser's existing property
1. Schedule 1 - Property Details: Detailed property information including floor plan and ownership details
2. Schedule 2 - Inventory List: List of included fixtures, fittings, and furniture if applicable
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and installments
4. Appendix A - Property Inspection Report: Findings from property inspection if conducted
5. Appendix B - Due Diligence Checklist: List of required documents and searches to be conducted
6. Appendix C - Special Conditions: Detailed special conditions or requirements if any
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Finance
Legal Services
Property Development
Construction
Retail
Hospitality
Professional Services
Manufacturing
Technology
Healthcare
Relevant Teams
Legal
Real Estate
Facilities Management
Finance
Compliance
Risk Management
Corporate Development
Operations
Property Management
Investment
Administration
Relevant Roles
Property Manager
Real Estate Agent
Legal Counsel
Conveyancing Lawyer
Property Developer
Investment Manager
Facilities Manager
Compliance Officer
Real Estate Analyst
Property Acquisition Manager
Corporate Real Estate Manager
Chief Financial Officer
Risk Manager
Business Development Manager
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