The Letter of Offer to Sell Property is a crucial initial document in Hong Kong's property transaction process, typically used when a property owner wishes to formally offer their property for sale to a specific buyer. This document serves as the first step in the formal property transfer process, setting out the essential terms and conditions of the proposed sale. The letter must comply with Hong Kong's property laws and regulations, including the Conveyancing and Property Ordinance (Cap. 219) and relevant stamp duty requirements. It typically precedes the formal Sale and Purchase Agreement and includes critical information such as property details, price, payment terms, and conditions of sale. While not legally binding in itself, the Letter of Offer to Sell Property establishes the framework for the subsequent legal documentation and helps ensure all parties have a clear understanding of the proposed transaction terms.
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1. Sender's Details: Full name and address of the property owner/seller
2. Date: Date of the letter
3. Recipient's Details: Full name and address of the potential buyer
4. Property Identification: Complete legal description and address of the property being offered for sale
5. Offer Price: Clear statement of the selling price being offered
6. Payment Terms: Proposed payment structure, including deposit requirements and payment timeline
7. Offer Validity Period: Duration for which the offer remains valid
8. Basic Transaction Terms: Key conditions of the sale including completion timeframe and property vacant possession
9. Signing Block: Space for seller's signature and details
1. Property Condition Statement: Details about the current condition of the property, used when there are specific conditions or defects that need disclosure
2. Existing Tenancy: Information about current tenancy arrangements, included when the property is currently leased
3. Furniture and Fixtures: List of items included/excluded in the sale, used when specific items are being offered with the property
4. Special Conditions: Any unique terms or conditions specific to this sale, included when there are non-standard requirements
5. Development Restrictions: Information about any building or development restrictions, included for properties with specific zoning or development limitations
6. Seller's Solicitor Details: Contact information for the seller's legal representative, included when the seller has already appointed a solicitor
1. Property Details Schedule: Detailed description of the property including lot number, floor area, and other relevant specifications
2. Inventory List: Detailed list of furniture, fixtures, and fittings included in the sale
3. Property Title Documents: List of relevant title documents and their certified copies
4. Recent Property Photographs: Current photographs of the property's interior and exterior
5. Property Floor Plan: Official floor plan showing the layout and dimensions of the property
6. Land Search Results: Recent land search results showing the property's ownership and encumbrances
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