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Real Estate Contract Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Real Estate Contract Agreement

"I need a Real Estate Contract Agreement for the purchase of a commercial office space in Central, Hong Kong, with completion scheduled for March 2025, including provisions for existing tenancies and an option for the current tenants to extend their lease terms."

Document background
The Real Estate Contract Agreement is a fundamental legal document used in Hong Kong property transactions to formalize the sale and purchase of real estate. It is essential for any property transfer in Hong Kong, whether residential, commercial, or industrial. The agreement must comply with Hong Kong's property laws, including the Conveyancing and Property Ordinance (Cap. 219) and related legislation. This document is typically prepared after the provisional agreement is signed and before completion, incorporating detailed terms about the property, parties, payment structure, and completion requirements. It serves as the definitive agreement between parties and is crucial for protecting their respective interests, ensuring proper title transfer, and maintaining compliance with Hong Kong's property registration and stamp duty requirements.
Suggested Sections

1. Parties: Identification and details of the vendor and purchaser, including full legal names, identification numbers, and addresses

2. Background: Context of the transaction and brief description of the property being transferred

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property, including lot number, address, and registered particulars

5. Purchase Price: Agreed purchase price and payment terms, including deposits and completion payment

6. Payment Terms: Detailed breakdown of payment schedule, method of payment, and handling of deposits

7. Completion: Completion date, requirements, and procedures for finalizing the transaction

8. Title and Transfer: Vendor's warranty of good title and obligations regarding property transfer

9. Representations and Warranties: Standard warranties by both parties regarding capacity, authority, and property condition

10. Stamp Duty: Obligations regarding payment of stamp duty and other transaction taxes

11. Costs and Expenses: Allocation of legal costs, registration fees, and other transaction expenses

12. Default and Termination: Consequences of default and circumstances allowing termination

13. Notices: Methods and addresses for serving notices between parties

14. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction

Optional Sections

1. Existing Tenancies: Details of any existing tenancies affecting the property - include when property is sold subject to tenancies

2. Mortgage Details: Information about existing mortgages and arrangements for discharge - include when property is mortgaged

3. Property Management: Details about management fees and building maintenance - include for properties in multi-story buildings

4. Furniture and Fittings: List of included/excluded items - include when sale includes furniture or fittings

5. Special Conditions: Any special arrangements or conditions - include when there are unique circumstances

6. Government Rent and Rates: Apportionment of government rent and rates - include for properties subject to these charges

7. Car Parking Space: Details of any included parking space - include when parking is part of the sale

8. Deed of Mutual Covenant: Reference to building's DMC obligations - include for properties in managed buildings

Suggested Schedules

1. Schedule 1 - Property Description: Detailed property description including boundaries, measurements, and features

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing

3. Schedule 3 - Completion Requirements: List of documents required for completion

4. Schedule 4 - Title Documents: List of relevant title documents and their contents

5. Appendix A - Property Plans: Floor plans, location maps, and other relevant drawings

6. Appendix B - Inventory: Detailed inventory of included furniture and fittings (if applicable)

7. Appendix C - Existing Tenancy Agreement: Copy of existing tenancy agreement (if applicable)

8. Appendix D - Building Management Rules: Relevant extracts from deed of mutual covenant and house rules

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Property Development

Banking and Finance

Legal Services

Property Management

Construction

Investment

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretarial

Investment

Finance

Operations

Risk Management

Business Development

Sales

Customer Relations

Relevant Roles

Real Estate Lawyer

Property Lawyer

Conveyancing Solicitor

Real Estate Agent

Property Manager

Legal Counsel

Company Director

Investment Manager

Property Developer

Bank Manager

Mortgage Specialist

Compliance Officer

Real Estate Investment Manager

Property Consultant

Legal Assistant

Paralegal

Company Secretary

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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