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Apartment Sales Contract
"I need an Apartment Sales Contract for a Hong Kong property purchase with a completion date of March 15, 2025, with standard payment terms including a 5% initial deposit and 95% balance at completion."
1. Parties: Identification and details of the Vendor and Purchaser, including ID/BR numbers and addresses
2. Background: Brief context of the transaction and confirmation of Vendor's ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, floor area, and government lease details
5. Purchase Price: Statement of the purchase price and payment schedule
6. Payment Terms: Detailed payment structure including deposits and completion payment
7. Completion: Completion date, procedures, and requirements for completion
8. Title and Documents: Vendor's obligations regarding good title and delivery of necessary documents
9. Representations and Warranties: Standard warranties by both parties, especially regarding property condition and ownership
10. Stamp Duty: Responsibilities for payment of various applicable stamp duties
11. Costs and Expenses: Allocation of legal costs and other expenses
12. Default Provisions: Consequences of default by either party
13. Notices: Method and addresses for serving notices
14. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
1. Existing Tenancy: Required if the property is sold subject to an existing tenancy
2. Mortgage Status: Required if the property is being sold subject to an existing mortgage
3. Renovation Condition: Include when specific renovation works are to be completed before completion
4. Car Parking Space: Required if a parking space is included in the sale
5. Commission Payment: Include if there are estate agent commission arrangements to be documented
6. Special Payment Terms: Include for non-standard payment arrangements or stagei payments
7. Furniture and Fittings: Required if specific furniture or fittings are included in the sale
1. Schedule 1 - Property Details: Detailed property information including floor plan and specifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing
3. Schedule 3 - Title Documents: List of title documents to be delivered on completion
4. Schedule 4 - Inventory: List of furniture and fittings included in the sale (if applicable)
5. Appendix A - Floor Plan: Official floor plan of the property
6. Appendix B - Land Search: Recent land search showing current ownership and encumbrances
7. Appendix C - Decoration and Fittings: Details of any agreed renovation works or retained fittings
8. Appendix D - Prescribed Forms: Standard forms required under Hong Kong law for property transactions
Authors
Real Estate
Legal Services
Financial Services
Property Development
Property Management
Professional Services
Banking
Residential Property
Legal
Real Estate
Property Management
Compliance
Sales
Operations
Risk Management
Corporate Secretarial
Investment
Document Management
Real Estate Lawyer
Property Manager
Estate Agent
Legal Counsel
Conveyancing Manager
Property Developer
Real Estate Director
Compliance Officer
Real Estate Transaction Manager
Contract Administrator
Property Sales Manager
Legal Director
Company Secretary
Real Estate Investment Manager
Risk Manager
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