Apartment Sale Contract Template for Hong Kong

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Key Requirements PROMPT example:

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."

Document background
The Apartment Sale Contract is a fundamental legal document used in Hong Kong real estate transactions for the transfer of residential property ownership. This contract type is essential for compliance with Hong Kong's property laws, particularly the Conveyancing and Property Ordinance (Cap. 219) and the Land Registration Ordinance (Cap. 128). It should be used whenever a residential apartment is being sold in Hong Kong, whether in the primary or secondary market. The document captures critical details including property specifications, purchase price, payment terms, completion requirements, warranties, and obligations of both parties. It also addresses Hong Kong-specific requirements such as stamp duty obligations, title proving mechanisms, and property registration procedures. The contract serves as the primary reference point for all aspects of the transaction and subsequent property ownership transfer.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

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

Relevant legal definitions
Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Management

Construction

Insurance

Property Development

Real Estate Investment

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Finance

Sales

Administrative Support

Risk Management

Investment

Operations

Relevant Roles

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

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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