tiktok³ÉÈ˰æ

Declaration Of Trust Tenants In Common Template for Hong Kong

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Declaration Of Trust Tenants In Common

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Declaration Of Trust Tenants In Common

"I need a Declaration of Trust Tenants in Common for a Hong Kong residential property where three family members will have different ownership shares (50%, 30%, and 20%), with specific provisions for succession planning and a clause requiring all parties' consent for any future sale."

Document background
A Declaration of Trust Tenants in Common is essential when multiple parties purchase property together in Hong Kong but wish to hold unequal shares or maintain separate beneficial interests. This document is commonly used in family property arrangements, investment partnerships, or when friends jointly purchase property. It clearly defines each party's ownership share, contribution obligations, and rights regarding the property. The declaration must comply with Hong Kong's legal requirements, particularly under the Trustee Ordinance and Conveyancing and Property Ordinance. It becomes especially important in scenarios where the legal title cannot reflect the actual beneficial ownership proportions, or when parties want to ensure their share passes according to their wishes upon death rather than automatically transferring to other owners.
Suggested Sections

1. Parties: Details of the Trustee(s) and Beneficiaries with their full names and addresses

2. Background: Context of the arrangement, including the purchase of the property and intention to hold as tenants in common

3. Definitions: Key terms used throughout the document including 'Property', 'Beneficial Interest', 'Share', etc.

4. Declaration of Trust: Formal declaration of the trust arrangement and confirmation of beneficial ownership shares

5. Property Details: Full legal description of the property and any existing encumbrances

6. Beneficial Ownership: Specific shares/proportions of beneficial ownership for each beneficiary

7. Trustees' Powers and Duties: Powers and responsibilities of the trustees in managing the property

8. Property Expenses and Income: Arrangements for sharing costs, expenses, and any rental income

9. Decision Making: Process for making decisions about the property, including required majorities

10. Sale and Transfer Provisions: Procedures for handling future sale or transfer of beneficial interests

11. Death and Succession: Provisions dealing with death of a beneficiary and succession of their interest

12. Governing Law: Confirmation that the trust is governed by Hong Kong law

Optional Sections

1. Mortgage Provisions: Required if the property is mortgaged, detailing mortgage obligations and responsibilities

2. Property Management: Detailed management provisions if the property is to be actively managed or let

3. Occupation Rights: Required if any beneficiaries will occupy the property, setting out terms of occupation

4. Multiple Properties: Additional provisions required if the trust covers multiple properties

5. Bank Account: Provisions for joint bank account management if required for property expenses

6. Dispute Resolution: Detailed dispute resolution procedures beyond standard provisions

7. Right of First Refusal: Provisions giving existing beneficiaries first right to purchase others' shares

Suggested Schedules

1. Schedule 1 - Property Details: Detailed legal description of the property including title number and address

2. Schedule 2 - Beneficial Ownership Schedule: Detailed breakdown of ownership shares and contributions

3. Schedule 3 - Initial Contributions: Record of initial financial contributions by each beneficiary

4. Schedule 4 - Property Expenses: List of agreed shared expenses and payment proportions

5. Appendix A - Property Title Documents: Copies of relevant title documents and land registry entries

6. Appendix B - Property Plans: Property plans and boundary details if relevant

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses






























Relevant Industries

Real Estate

Property Management

Legal Services

Banking & Finance

Wealth Management

Estate Planning

Property Development

Investment Management

Relevant Teams

Legal

Real Estate

Property Management

Wealth Management

Compliance

Trust Administration

Corporate Secretarial

Investment

Risk Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Lawyer

Trust Administrator

Wealth Manager

Estate Planning Advisor

Property Investment Manager

Compliance Officer

Real Estate Agent

Mortgage Advisor

Company Secretary

Trust Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Witness Letter For Marriage

A formal witness testimony document required under Hong Kong law to confirm the proper execution of a marriage ceremony and support marriage registration.

find out more

Without Prejudice Offer To Settle

A privileged communication under Hong Kong law proposing settlement terms to resolve a dispute without prejudicing either party's legal position if negotiations fail.

find out more

Witness Statement Declaration

A formal sworn statement used in Hong Kong legal proceedings, documenting a witness's direct knowledge or observations of relevant facts.

find out more

Character Waiver

A Hong Kong legal document that permits property owners to modify the permitted use of their premises under existing land lease conditions.

find out more

Declaration Of Trust Tenants In Common

A Hong Kong law-governed document establishing beneficial ownership arrangements for multiple parties holding distinct shares in a property as tenants in common.

find out more

Letter Of Travel Consent For Minors

A Hong Kong-compliant legal document authorizing international travel for minors, either alone or with designated adults, including parental consent and travel details.

find out more

Witness Affidavit

A formal sworn statement made under Hong Kong law, providing written testimony for use in legal proceedings.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.