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Deed Of Sale Of Portion Of Land

Deed Of Sale Of Portion Of Land Template for Hong Kong

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Key Requirements PROMPT example:

Deed Of Sale Of Portion Of Land

"I need a Deed of Sale of Portion of Land for selling part of our company's industrial lot in Tsing Yi, Hong Kong to a manufacturing company, with completion planned for March 2025; the deed needs to include specific provisions for shared access roads and utility connections."

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Document background
A Deed of Sale of Portion of Land is a crucial legal instrument used in Hong Kong when transferring ownership of a subdivided portion of land. This document is essential when landowners wish to sell part of their land holding while retaining the remainder. The deed must comply with Hong Kong's stringent property laws, including the Conveyancing and Property Ordinance and Land Registration Ordinance. It contains detailed property descriptions, survey plans, and addresses various aspects such as access rights, shared facilities, and planning permissions. The document is particularly important in Hong Kong's complex property market, where land subdivision and development are strictly regulated. This type of deed requires careful drafting to ensure all legal requirements are met and the interests of both parties are protected.
Suggested Sections

1. Parties: Full identification of the Vendor and Purchaser, including Hong Kong ID/BR numbers and registered addresses

2. Background: Recitals explaining the current ownership, reason for subdivision, and intention to sell

3. Definitions: Definitions of key terms including 'Property', 'Completion Date', 'Purchase Price', and other relevant terms

4. Agreement to Sell and Purchase: Core agreement clause stating the vendor's agreement to sell and the purchaser's agreement to buy the specified portion of land

5. Property Description: Detailed description of the portion of land being sold, including boundaries, measurements, and reference to surveyor's plan

6. Purchase Price: Statement of the purchase price and payment terms

7. Completion: Details of completion date, place, and requirements

8. Title and Documentation: Vendor's warranties regarding title and requirements for proving good title

9. Subdivision Requirements: Obligations regarding land subdivision approval and compliance

10. Vendor's Representations and Warranties: Standard and specific warranties regarding the property

11. Purchaser's Representations and Warranties: Purchaser's confirmations and warranties

12. Costs and Stamp Duty: Allocation of costs, stamp duty, and other expenses

13. Execution: Formal execution blocks meeting Hong Kong deed requirements

Optional Sections

1. Conditions Precedent: Used when completion is subject to specific conditions such as government approval for subdivision

2. Easements and Rights of Way: Include when the divided land requires new easements or rights of way

3. Planning Permissions: Required when the sale is conditional on obtaining specific planning permissions

4. Environmental Matters: Include when there are specific environmental concerns or requirements

5. Development Restrictions: Used when there are specific development restrictions on the divided land

6. Shared Facilities: Include when there are shared facilities or services between the divided portions

7. Third Party Consents: Required when specific third-party consents are needed for the subdivision

Suggested Schedules

1. Schedule 1 - Property Description: Detailed technical description of the portion of land including measurements and boundaries

2. Schedule 2 - Plan: Surveyor's plan showing the subdivision and relevant measurements

3. Schedule 3 - Title Documents: List of relevant title documents and encumbrances

4. Schedule 4 - Completion Requirements: Detailed list of documents required for completion

5. Appendix A - Land Search: Recent land search results showing current ownership and encumbrances

6. Appendix B - Subdivision Approval: Copies of relevant subdivision approvals or applications

7. Appendix C - Planning Permissions: Copies of relevant planning permissions or certificates

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Approvals
Buildings Department
Business Day
Completion
Completion Date
Consideration
Deposit
Encumbrances
Existing Property
Government
Government Grant
Hong Kong
Land Registry
Lands Department
Original Lot
Parent Lot
Parties
Plan
Planning Permission
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Relevant Authority
Remaining Portion
Schedule
Subdivision
Subdivision Plan
Survey Plan
Surveyor
Title Documents
Transaction Documents
Transfer
Vendor
Vendor's Solicitors
Working Day
Relevant Industries

Real Estate

Property Development

Construction

Agriculture

Industrial Manufacturing

Retail

Hospitality

Logistics

Infrastructure Development

Commercial Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Development

Compliance

Finance

Operations

Commercial

Asset Management

Relevant Roles

Property Lawyer

Real Estate Manager

Land Surveyor

Property Development Director

Facilities Manager

Legal Counsel

Conveyancing Manager

Property Investment Manager

Asset Manager

Development Project Manager

Commercial Director

Real Estate Agent

Property Administrator

Compliance Officer

Industries
Conveyancing and Property Ordinance (Cap. 219): Primary legislation governing property transactions in Hong Kong, including requirements for deeds, land contracts, and property rights
Land Registration Ordinance (Cap. 128): Regulates the registration of land transactions and provides the framework for the land registration system in Hong Kong
Stamp Duty Ordinance (Cap. 117): Governs stamp duty requirements for property transactions, including rates and payment procedures
Buildings Ordinance (Cap. 123): Regulates building works and land subdivision, including requirements for partition of land
Town Planning Ordinance (Cap. 131): Controls land use and development, affecting the permitted uses of subdivided land
Land (Compulsory Sale for Redevelopment) Ordinance (Cap. 545): Relevant for understanding rights and restrictions related to land partition and sale
Government Leases Ordinance (Cap. 40): Governs terms and conditions of government leases, which affect land rights and subdivision
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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