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The Real Estate Sales Contract For Sale By Owner is a vital legal document used in Hong Kong when property owners choose to sell their property directly to buyers without the involvement of real estate agents. This approach, while requiring more direct involvement from the parties, can result in cost savings and direct communication. The document must comply with Hong Kong's property laws, particularly the Conveyancing and Property Ordinance (Cap. 219), and includes detailed provisions for property transfer, payment terms, warranties, and completion procedures. It's suitable for both residential and commercial properties, incorporating necessary provisions for stamp duty, title transfer, and property management arrangements specific to Hong Kong's property regime. The contract serves as a complete legal framework for the transaction, protecting both parties' interests while ensuring all regulatory requirements are met.

1. Parties: Identification of the Vendor and Purchaser with full legal names and identification/company details

2. Background: Context of the sale, including brief property description and intention of parties to enter into transaction

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

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

5. Purchase Price: Agreed purchase price and payment structure, including deposit arrangements

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Conditions Precedent: Conditions that must be satisfied before completion can occur

8. Title and Title Documents: Vendor's warranty of good title and arrangements for delivery of title documents

9. Completion: Completion date, location, and procedures

10. Vendor's Representations and Warranties: Standard warranties about property condition, ownership, and encumbrances

11. Purchaser's Representations and Warranties: Purchaser's confirmations regarding inspection and financial capacity

12. Property Condition: Statement of property condition and any agreed repairs or modifications

13. Risk and Insurance: Responsibility for property risk before completion and insurance requirements

14. Default and Termination: Consequences of default by either party and termination provisions

15. Stamp Duty and Costs: Responsibility for stamp duty, legal fees, and other transaction costs

16. Notices: How formal notices between parties should be given

17. Governing Law and Jurisdiction: Confirmation of Hong Kong law and jurisdiction

18. Entire Agreement: Standard entire agreement clause and amendment provisions