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Deed Of Sale And Purchase
"I need a Deed of Sale and Purchase for a residential property in Hong Kong's Mid-Levels area, which is currently tenanted and will be sold subject to existing tenancy; the sale needs to accommodate the current tenants' rights until their lease expires in March 2025."
1. Parties: Identification of the Vendor and Purchaser with their full legal names, addresses, and registration details if companies
2. Background: Recitals stating the Vendor's ownership of the Property and intention to sell to the Purchaser
3. Definitions: Definitions of key terms used throughout the deed including 'Property', 'Completion Date', 'Purchase Price'
4. Agreement to Sell and Purchase: Core agreement where Vendor agrees to sell and Purchaser agrees to purchase the Property
5. Purchase Price: States the consideration amount, payment terms, and deposit arrangements
6. Conditions Precedent: Any conditions that must be satisfied before completion can occur
7. Title: Vendor's warranties regarding good title and requirements for proving title
8. Completion: Details of the completion process, timing, and requirements
9. Vendor's Representations and Warranties: Standard warranties about the property's condition, encumbrances, and compliance with laws
10. Property Condition: Statement about the condition in which the property will be delivered
11. Default: Consequences of default by either party
12. Stamp Duty: Provisions regarding payment of stamp duty and other transaction costs
13. Notices: How formal notices under the deed should be given
14. Governing Law and Jurisdiction: Confirmation that Hong Kong law governs and Hong Kong courts have jurisdiction
1. Existing Tenancies: Required if the property is sold subject to existing tenancies, detailing tenant rights and obligations
2. Mortgage: Required if the property is being sold subject to an existing mortgage or if discharge of mortgage is required
3. Vacant Possession: Required if specific arrangements for vacant possession need to be detailed
4. Property Management: Required for properties in multi-story buildings, addressing management fees and obligations
5. Tax Indemnity: Required if special tax arrangements or indemnities are needed
6. Joint Ownership: Required if the purchaser consists of multiple parties, detailing their ownership arrangement
7. Power of Attorney: Required if any party is acting through an attorney
8. Special Conditions: For any unique requirements specific to the transaction
1. Schedule 1 - Property Description: Detailed description of the property including lot number, address, and registered details
2. Schedule 2 - Purchase Price Payment Schedule: Breakdown of payment installments and timing
3. Schedule 3 - Completion Requirements: List of documents to be delivered on completion
4. Schedule 4 - Fixtures and Fittings: Inventory of items included/excluded in the sale
5. Schedule 5 - Existing Tenancies: Details of any existing tenancy agreements (if applicable)
6. Appendix A - Property Plans: Floor plans and location plans of the property
7. Appendix B - Title Documents: Copies of relevant title documents and land search
8. Appendix C - Vendor's Warranties: Detailed list of Vendor's warranties about the property
Authors
Assignment
Bank
Building
Business Day
Completion
Completion Date
Conditions Precedent
Consideration
Deed
Deposit
Encumbrances
Estate
Fixtures and Fittings
Government Grant
Government Rent
Hong Kong
Land Registry
Management Fee
Mortgage
Original Purchase Price
Parties
Plans
Property
Purchase Price
Purchaser
Rates
Related Documents
Shares
Special Conditions
Stamp Duty
Title Documents
Undivided Shares
Vacant Possession
Vendor
Vendor's Solicitors
Purchaser's Solicitors
Working Day
Land Registration Ordinance
Management Agreement
Deed of Mutual Covenant
Property Management Company
Completion Account
Balance of Purchase Price
Initial Deposit
Further Deposit
Occupation Permit
Government Lease
Property Description
Consideration
Payment Terms
Title
Completion
Warranties and Representations
Property Condition
Vacant Possession
Risk and Insurance
Default
Assignment
Stamp Duty
Costs
Registration
Property Management
Encumbrances
Due Diligence
Inspection
Indemnification
Force Majeure
Notices
Further Assurance
Entire Agreement
Severability
Joint and Several Liability
Amendment
Waiver
Time of Essence
Governing Law
Jurisdiction
Third Party Rights
Counterparts
Confidentiality
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Property Management
Investment
Commercial Property
Residential Property
Legal
Real Estate
Property Management
Compliance
Finance
Investment
Corporate Services
Operations
Risk Management
Commercial
Legal Counsel
Property Lawyer
Real Estate Agent
Property Manager
Corporate Counsel
Conveyancing Manager
Property Developer
Investment Manager
Real Estate Investment Director
Compliance Officer
Property Transaction Manager
Real Estate Portfolio Manager
Bank Manager
Mortgage Officer
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