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Lease Agreement Sale Of Property
"I need a Lease Agreement Sale of Property for my Hong Kong residential apartment, with a 12-month lease starting March 1, 2025, and an option for the tenant to purchase the property at a fixed price of HKD 8.5 million within the lease period."
1. Parties: Identification of the lessor/seller and lessee/buyer, including full legal names, identification numbers, and addresses
2. Background: Context of the agreement, including the property ownership status and intention to lease with option to purchase
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Detailed description of the property including address, lot number, and registered particulars
5. Lease Terms: Duration of lease, rental amount, payment terms, and deposit requirements
6. Purchase Option: Terms and conditions of the purchase option, including purchase price and exercise period
7. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the lease period
8. Insurance: Requirements for property insurance during the lease period
9. Utilities and Outgoings: Responsibility for utilities, management fees, and other property-related expenses
10. Exercise of Purchase Option: Procedure for exercising the purchase option and completion requirements
11. Warranties and Representations: Warranties given by both parties regarding the property and their capacity to enter into the agreement
12. Default and Termination: Consequences of default and conditions for termination
13. Governing Law and Jurisdiction: Confirmation of Hong Kong law as governing law and jurisdiction
14. Execution: Signature blocks and execution formalities
1. Mortgage Details: Required if the property is mortgaged, detailing arrangements with existing mortgagee
2. Fixtures and Fittings: Detailed list of included/excluded items when specific items need to be addressed
3. Special Conditions: Any unique terms specific to the property or arrangement
4. Property Management: Required for properties in managed buildings, detailing management rules and regulations
5. Rental Application to Purchase Price: If any portion of rent paid will be applied to the purchase price
6. Assignment Restrictions: If there are specific restrictions on assigning or subletting during the lease period
7. Building Works: If alterations or renovations are permitted during the lease period
8. Car Parking: If parking spaces are included in the lease and sale
1. Schedule 1 - Property Details: Detailed property description, including floor plan and area measurements
2. Schedule 2 - Inventory List: Detailed inventory of fixtures, fittings, and furnishings included in the lease and sale
3. Schedule 3 - Payment Schedule: Breakdown of rental payments and purchase price payment structure
4. Schedule 4 - Property Condition Report: Detailed report on the condition of the property at lease commencement
5. Schedule 5 - Building Rules and Regulations: Copy of building management rules if applicable
6. Appendix A - Property Ownership Documents: Copies of title documents and land search
7. Appendix B - Property Photos: Photographic record of property condition
8. Appendix C - Required Forms: Standard forms required for Hong Kong property transactions
Authors
Assignment
Business Day
Completion
Completion Date
Deposit
Exercise Notice
Exercise Period
Fixtures and Fittings
Government Lease
Hong Kong
Land Registry
Lease Commencement Date
Lease Period
Lease Term
Lessee
Lessor
Management Company
Management Fees
Option Fee
Option Period
Option to Purchase
Parties
Payment Date
Permitted Use
Property
Purchase Option
Purchase Price
Purchaser
Rates
Rent
Security Deposit
Seller
Stamp Duty
Title Documents
Transaction Documents
Utilities
Vacant Possession
Vendor
Grant of Lease
Rent and Payment
Deposit
Option to Purchase
Property Use
Maintenance and Repairs
Alterations and Improvements
Insurance
Assignment and Subletting
Utilities and Outgoings
Property Management
Warranties and Representations
Inspection Rights
Default and Remedies
Termination
Force Majeure
Vacant Possession
Title and Ownership
Completion Requirements
Stamp Duty
Registration
Costs and Expenses
Notices
Entire Agreement
Severability
Waiver
Governing Law
Dispute Resolution
Indemnification
Real Estate
Legal Services
Property Development
Banking and Finance
Property Management
Commercial Property
Residential Property
Property Investment
Corporate Services
Professional Services
Legal
Real Estate
Property Management
Facilities
Operations
Compliance
Risk Management
Corporate Services
Asset Management
Investment
Administration
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Property Director
Facilities Manager
Contract Manager
Corporate Lawyer
Property Investment Manager
Compliance Officer
Real Estate Development Manager
Asset Manager
Property Operations Manager
Legal Administrator
Risk Manager
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