Land Option Contract Template for Hong Kong

1. Conditions Precedent: Used when the option exercise is subject to specific conditions being met, such as obtaining planning permission or financing

2. Assignment: Include when the option holder may want the right to assign the option to another party

3. Due Diligence: Detailed provisions for property inspection and investigation rights, if not covered in pre-completion obligations

4. Mortgagee Consent: Required if the property is mortgaged and lender's consent is needed

5. Development Conditions: Include when the option is related to property development rights or restrictions

6. Environmental Matters: Include for properties with potential environmental concerns or requirements

7. Lease Provisions: Required if the property is subject to existing leases that need to be addressed

8. Tax Provisions: Specific provisions regarding stamp duty and other tax obligations, if these need detailed treatment

1. Property Description: Detailed legal description of the property, including lot number, boundary plan, and registered details

2. Option Exercise Notice: Pro-forma notice for exercising the option

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

4. Existing Tenancies: Details of any existing tenancies affecting the property

5. Property Plan: Survey plan or floor plan of the property

6. Purchase Price Payment Schedule: If the purchase price is to be paid in installments or subject to adjustments

7. Special Conditions: Any special conditions affecting the property or its use

8. Due Diligence Documents: List of documents to be provided for due diligence