Family Partition Deed Template for Hong Kong

1. Valuation Mechanism: Used when parties agree to include specific valuation methods for property portions

2. Mortgage and Encumbrances: Required when the property has existing mortgages or charges that need to be addressed

3. Income and Expenses: Needed when dealing with rental income or ongoing property expenses

4. Special Conditions: For unique family arrangements or specific conditions attached to the partition

5. Dispute Resolution: Optional clause for specific dispute resolution mechanisms

6. Power of Attorney: Required when any party needs to delegate authority for implementation

7. Successor Rights: When parties wish to address future inheritance implications

1. Schedule 1 - Property Details: Detailed property descriptions, including lot numbers, boundaries, and floor plans

2. Schedule 2 - Partition Plan: Detailed plan showing how the property will be divided, including drawings or plans if applicable

3. Schedule 3 - Allocation of Shares: Specific breakdown of how shares or portions are allocated to each party

4. Schedule 4 - Outstanding Charges: List of any existing mortgages, charges, or encumbrances affecting the property

5. Appendix A - Property Valuation Report: Independent valuation report of the property (if obtained)

6. Appendix B - Title Documents: Copies of relevant title documents and land search records

7. Appendix C - Consent Letters: Any required consent letters from mortgagees or other relevant parties