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Apartment Sale Contract
"I need an Apartment Sale Contract for a luxury residential unit in Mid-Levels, Hong Kong, with completion scheduled for March 2025, including specific provisions for the sale of existing high-end furniture and two parking spaces."
1. Parties: Identification of the Vendor and Purchaser with their full legal names, addresses, and identification numbers
2. Background: Context of the sale, including brief property history and current ownership status
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, floor area, lot number, and registration particulars
5. Purchase Price: The agreed purchase price and payment terms including deposit and completion payment schedules
6. Completion: Details of the completion process, timing, and requirements for both parties
7. Vendor's Representations and Warranties: Warranties regarding property title, condition, and encumbrances
8. Purchaser's Representations and Warranties: Confirmations regarding purchase capacity and compliance with relevant laws
9. Title and Documentation: Requirements for proving good title and handling of property documentation
10. Taxes and Duties: Allocation of stamp duty and other tax obligations
11. Default and Termination: Consequences of default by either party and termination provisions
12. Notices: Process for serving formal notices between parties
13. Governing Law and Jurisdiction: Confirmation of Hong Kong law governance and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Mortgage Details: Include when the purchase involves mortgage financing, detailing the mortgage arrangements and requirements
2. Tenancy Provisions: Include when the property is sold with existing tenancy, detailing handling of tenant deposits and lease arrangements
3. Furniture and Fittings: Include when the sale includes specific furniture or fittings, listing included and excluded items
4. Renovation Works: Include when there are ongoing or planned renovation works affecting the property
5. Car Parking Space: Include when the sale includes a parking space, detailing its specifications and terms
6. Property Management: Include when there are specific management fee arrangements or outstanding charges to be addressed
7. Pre-existing Defects: Include when there are known defects that need to be documented and addressed
8. Third-Party Consents: Include when the sale requires specific third-party approvals or consents
1. Schedule 1: Property Details: Detailed property specifications, including floor plans and boundary descriptions
2. Schedule 2: Payment Schedule: Detailed breakdown of payment terms, installments, and due dates
3. Schedule 3: Inventory List: List of furniture, fittings, and other items included in the sale
4. Schedule 4: Title Documents: List of title documents and their locations
5. Schedule 5: Outstanding Fees: Details of any outstanding management fees, rates, or other charges
6. Appendix A: Property Floor Plan: Official floor plan showing property layout and dimensions
7. Appendix B: Land Search Results: Recent land search results showing property ownership and encumbrances
8. Appendix C: Completion Checklist: List of documents and actions required for completion
Authors
Purchase Price
Payment Terms
Property Description
Title and Ownership
Completion
Representations and Warranties
Deposit
Stamp Duty
Property Management
Assignment
Risk and Insurance
Default
Termination
Vacant Possession
Property Condition
Encumbrances
Registration
Costs and Expenses
Notice
Force Majeure
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Assignment Rights
Further Assurance
Time of Essence
Confidentiality
Real Estate
Legal Services
Banking and Finance
Property Management
Construction
Insurance
Property Development
Real Estate Investment
Legal
Real Estate
Property Management
Compliance
Finance
Sales
Administrative Support
Risk Management
Investment
Operations
Real Estate Lawyer
Property Manager
Real Estate Agent
Conveyancing Clerk
Legal Director
Property Development Manager
Mortgage Advisor
Compliance Officer
Real Estate Investment Manager
Title Insurance Specialist
Property Valuer
Legal Administrator
Real Estate Transaction Coordinator
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