Land Payment Agreement Letter Template for Hong Kong

1. Deposit Terms: Include when initial deposit is required, specifying amount and payment timing

2. Installment Schedule: Add when payment is to be made in multiple installments rather than a single payment

3. Foreign Exchange Provisions: Include when payment involves foreign currency transactions

4. Default Provisions: Add when specific consequences for payment default need to be outlined

5. Tax Implications: Include when specific tax arrangements or stamp duty responsibilities need to be clarified

6. Property Encumbrances: Add when existing mortgages or charges need to be addressed in payment arrangement

7. Agent Authorization: Include when payment is to be handled through authorized agents

1. Property Schedule: Detailed legal description of the property including lot numbers, boundaries, and registered details

2. Payment Schedule: Detailed breakdown of payment amounts, dates, and installment structure if applicable

3. Bank Details Schedule: Complete banking information including account numbers, bank codes, and wire transfer details

4. Supporting Documents List: List of required documents for completion of the transaction

5. Due Diligence Checklist: List of required verifications and checks to be completed before payment