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Sale Agreement For House
"I need a Sale Agreement For House for a property in Hong Kong's Mid-Levels area, with completion scheduled for March 15, 2025, including standard warranties and vacant possession upon completion."
1. Parties: Identification and details of the vendor and purchaser
2. Background: Context of the transaction and brief property description
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property being sold, including lot number and address
5. Purchase Price: Agreed purchase price and payment structure
6. Deposit: Terms regarding the initial deposit and its handling
7. Completion: Completion date, requirements, and procedures
8. Title and Documents: Vendor's obligations regarding proof of title and required documentation
9. Representations and Warranties: Vendor's warranties about the property's condition and legal status
10. Vacant Possession: Obligations regarding delivery of vacant possession
11. Property Condition: State of the property at completion and accepted condition
12. Default Provisions: Consequences of default by either party
13. Costs and Stamp Duty: Responsibility for legal costs and stamp duty
14. Notices: Method and addresses for serving notices
15. Governing Law: Confirmation of Hong Kong law as governing law
1. Existing Tenancies: Required when the property is sold subject to existing tenancies
2. Mortgage Status: Required when the property is being sold subject to an existing mortgage
3. Car Parking Space: Required when a parking space is included in the sale
4. Furniture and Fittings: Required when specific furniture or fittings are included in the sale
5. Building Management: Required for properties in multi-story buildings with management committees
6. Government Lease Conditions: Required when special conditions in the government lease affect the property
7. Intermediate Inspection: Required when parties agree to property inspection between signing and completion
8. Agent Commission: Required when property agents are involved in the transaction
1. Schedule 1 - Property Description: Detailed description of the property including boundaries and measurements
2. Schedule 2 - Inventory: List of included furniture, fittings, and other items if applicable
3. Schedule 3 - Title Documents: List of title documents to be delivered on completion
4. Schedule 4 - Existing Tenancies: Details of any existing tenancy agreements if applicable
5. Schedule 5 - Outstanding Payments: List of any outstanding management fees, government rent, or rates
6. Appendix A - Property Floor Plan: Floor plan showing layout and dimensions of the property
7. Appendix B - Photographs: Photographs documenting the condition of the property at the time of sale
8. Appendix C - Copies of Certificates: Relevant certificates including occupation permit and deed of mutual covenant
Authors
Real Estate
Legal Services
Banking & Finance
Property Development
Property Management
Construction
Professional Services
Insurance
Legal
Real Estate
Conveyancing
Compliance
Property Management
Sales
Risk Management
Operations
Documentation
Real Estate Lawyer
Property Conveyancer
Legal Counsel
Real Estate Agent
Property Manager
Mortgage Advisor
Legal Executive
Compliance Officer
Real Estate Director
Property Developer
Bank Manager
Title Insurance Officer
Property Valuer
Real Estate Transaction Manager
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