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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."
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
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
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
Real Estate
Property Development
Banking and Finance
Legal Services
Property Management
Construction
Investment
Hospitality
Retail
Commercial Property
Residential Property
Legal
Real Estate
Property Management
Compliance
Corporate Secretarial
Investment
Finance
Operations
Risk Management
Business Development
Sales
Customer Relations
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
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