House Selling Agreement Form Template for Hong Kong

The House Selling Agreement Form is a crucial legal document used in Hong Kong's real estate transactions to formalize the sale and purchase of residential properties. This document is essential when transferring property ownership and must comply with Hong Kong's legal framework, particularly the Conveyancing and Property Ordinance (Cap. 219) and related legislation. The agreement captures all vital aspects of the transaction, including property details, purchase price, payment terms, completion arrangements, and parties' obligations. It includes specific provisions addressing local requirements such as stamp duty obligations, title proof requirements, and property management matters. The document serves as the primary contract between vendor and purchaser, providing legal protection and clarity for all parties involved in the property transfer.

1. Parties: Identification and details of the Vendor and Purchaser

2. Background: Context of the sale and brief description of the property

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including lot number, address, and registered details

5. Purchase Price: Agreed purchase price and payment terms including deposits and completion payment

6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and payment methods

7. Completion: Completion date, procedures, and requirements for closing the sale

8. Vendor's Representations and Warranties: Warranties regarding property title, condition, and encumbrances

9. Purchaser's Representations and Warranties: Confirmations regarding purchase capacity and compliance with stamp duty requirements

10. Property Condition: State of the property and any included fixtures and fittings

11. Title and Documentation: Requirements for proving good title and necessary documentation

12. Stamp Duty: Responsibilities for payment of various applicable stamp duties

13. Default and Termination: Consequences of default and conditions for termination

14. Costs and Expenses: Allocation of legal costs and other expenses

15. Governing Law and Jurisdiction: Confirmation of Hong Kong law as governing law and jurisdiction

16. Execution: Signature blocks and execution requirements