Deed Of Sale Assumption Of Mortgage Template for Hong Kong

1. Third Party Consents: Required when specific third-party approvals are needed for the transfer

2. Insurance: Used when specific insurance arrangements need to be transferred or established

3. Further Assurance: Optional clause for additional actions parties may need to take post-completion

4. Property Management Obligations: Include when there are specific property management or maintenance obligations to be transferred

5. Existing Tenancies: Required when the property is subject to ongoing tenancies

6. Environmental Matters: Include for properties with specific environmental considerations or obligations

7. Service Contracts: Used when there are ongoing service contracts that need to be addressed

1. Property Description: Detailed legal description of the property including lot number and address

2. Original Mortgage Details: Key terms and conditions of the original mortgage being assumed

3. Outstanding Amount: Statement of the current mortgage balance and payment history

4. Completion Requirements: Checklist of documents and actions required for completion

5. Existing Encumbrances: List of any existing encumbrances, easements, or restrictions on the property

6. Form of Transfer Instruments: Standard forms required for Land Registry registration