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Deed Of Contract To Sell Template for Hong Kong

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Key Requirements PROMPT example:

Deed Of Contract To Sell

"I need a Deed of Contract to Sell for a commercial property in Tsim Sha Tsui, Hong Kong, with completion scheduled for March 2025, including specific provisions for existing tenant agreements and a phased payment structure."

Document background
The Deed of Contract to Sell is a fundamental legal document used in Hong Kong property transactions to formalize the sale and purchase of real estate. This document is essential when parties wish to create a legally binding agreement with the formality of a deed, typically used for high-value property transactions or where additional security is required. It must comply with Hong Kong's legal requirements, particularly the Conveyancing and Property Ordinance (Cap. 219), and includes crucial details such as property description, purchase price, payment terms, completion arrangements, and parties' obligations. The deed format provides additional legal protection and a longer limitation period compared to simple contracts, making it particularly suitable for significant property transactions where parties seek enhanced legal security.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses

2. Background: Context of the sale, including brief property description and intention to sell/purchase

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

4. Sale and Purchase: Core agreement to sell and purchase, including property description and purchase price

5. Payment Terms: Details of payment structure, including deposits and completion payment

6. Completion: Completion date, procedures, and requirements

7. Title and Property State: Vendor's warranties regarding title and property condition

8. Vendor's Obligations: Pre-completion and completion obligations of the vendor

9. Purchaser's Obligations: Pre-completion and completion obligations of the purchaser

10. Risk and Insurance: Property risk allocation and insurance requirements

11. Default Provisions: Consequences of default by either party

12. Notices: Method and addresses for serving notices

13. Execution: Formal execution block meeting deed requirements

Optional Sections

1. Conditions Precedent: Used when completion is subject to specific conditions being met

2. Existing Tenancies: Required when property is sold subject to existing tenancies

3. Mortgage Details: Included when property is being sold subject to existing mortgage

4. Tax Provisions: Detailed tax arrangements when special tax considerations apply

5. Property Management: Required for properties in managed buildings or estates

6. Warranties and Indemnities: Additional warranties beyond standard title warranties

7. Environmental Matters: Required for industrial properties or properties with environmental concerns

8. Planning and Development: Included when property has ongoing or potential development issues

Suggested Schedules

1. Property Description: Detailed legal description of the property including lot number, boundary plan

2. Inventory: List of fixtures, fittings and chattels included in the sale

3. Completion Requirements: Detailed list of documents required for completion

4. Existing Encumbrances: Details of any existing encumbrances affecting the property

5. Property Title Documents: List of title documents to be handed over on completion

6. Form of Transfer: Prescribed form of transfer to be executed at completion

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






































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Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Industrial Property

Retail Property

Banking and Finance

Legal Services

Construction

Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Services

Investment

Asset Management

Risk Management

Operations

Finance

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Legal Counsel

Conveyancing Manager

Property Developer

Asset Manager

Investment Manager

Real Estate Director

Compliance Officer

Property Investment Advisor

Real Estate Broker

Corporate Lawyer

Transaction Manager

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

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