Document background
The Sub Sale Agreement is a crucial document in Hong Kong's property market, used when an original purchaser wishes to sell their interest in a property before completing the original purchase. This practice is common in both residential and commercial property transactions, particularly in pre-sale arrangements or during property development phases. The document must comply with Hong Kong's stringent property laws and regulations, including specific requirements for stamp duty, property registration, and conveyancing. A Sub Sale Agreement typically includes detailed information about the original purchase, the new transaction terms, payment arrangements, and completion requirements. It's particularly important in Hong Kong's dynamic property market where property values can fluctuate significantly between the original purchase and completion dates. The document must address both the transfer of rights and obligations from the original purchase agreement while establishing new terms between the sub-seller and sub-purchaser.
