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Offer To Purchase (Real Estate)
"I need an Offer To Purchase (Real Estate) document for a luxury residential apartment in Hong Kong's Mid-Levels area, with specific provisions for included furniture and a completion date in March 2025, ensuring compliance with Special Stamp Duty requirements as I'm a first-time buyer."
1. Parties: Full legal names and details of the prospective purchaser (offeror) and property owner (offeree)
2. Background: Brief context of the offer, including property viewing confirmation and any prior discussions
3. Definitions: Key terms used throughout the document, including Property, Purchase Price, Completion Date, etc.
4. Property Details: Full legal description of the property, including address, lot number, and registered details
5. Purchase Price: The offered purchase price in HKD and payment structure
6. Earnest Money: Amount and payment terms for the initial deposit
7. Due Diligence Period: Timeframe and terms for conducting property investigations and searches
8. Stamp Duty Declaration: Buyer's declaration regarding stamp duty status (HKPR status, first-time buyer, etc.)
9. Completion Requirements: Conditions and requirements for completing the purchase
10. Time Period for Acceptance: Duration for which the offer remains valid
11. Property Condition: Statement regarding the condition in which the property will be delivered
12. Default Provisions: Consequences of default by either party
1. Mortgage Contingency: Terms regarding the buyer's need to secure mortgage financing, used when purchase depends on obtaining a mortgage
2. Existing Tenancy: Details of any existing lease agreements, used when property is currently tenanted
3. Furniture and Fittings: List of movable items included/excluded in the sale, used when specific items are part of negotiation
4. Building Inspection Contingency: Terms regarding professional building inspection, used for older properties or when structural concerns exist
5. Car Parking Space: Details of included parking spaces, used when parking is part of the transaction
6. Renovation Conditions: Terms regarding any pre-completion renovations, used when specific works are agreed upon
7. Special Stamp Duty Provisions: Additional terms regarding Special Stamp Duty, used for properties held less than 36 months
8. Company Purchase Provisions: Additional terms for corporate purchases, used when buyer is a company
1. Schedule 1 - Property Details: Detailed property information including floor plans, orientation, and facilities
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing
3. Schedule 3 - Included Fixtures and Fittings: Comprehensive list of items included in the sale
4. Schedule 4 - Due Diligence Documents: List of required property documents for review
5. Appendix A - Property Ownership Documents: Copies of title documents and relevant certificates
6. Appendix B - Floor Plan: Detailed floor plan of the property
7. Appendix C - Recent Property Photos: Current photographs of the property's condition
8. Appendix D - Building Management Information: Details of management fees, rules, and maintenance schedule
Authors
Purchase Price
Deposit
Further Deposit
Balance of Purchase Price
Completion Date
Completion
Due Diligence Period
Bank Working Day
Business Day
Purchaser
Vendor
Solicitors
Purchaser's Solicitors
Vendor's Solicitors
Estate Agent
Land Registry
Government Lease
Deed of Mutual Covenant
Assignment
Existing Tenancy
Encumbrances
Fixtures and Fittings
Ad Valorem Stamp Duty
Special Stamp Duty
Buyer's Stamp Duty
Title Documents
Building Management
Management Fee
Government Rent
Rates
Preliminary Agreement
Formal Agreement
Hong Kong Permanent Resident
Terms and Conditions
Property Particulars
Vacant Possession
Car Parking Space
Common Areas
Management Company
Undivided Shares
Purchase Price
Payment Terms
Deposit
Due Diligence
Title and Ownership
Representations and Warranties
Stamp Duty
Completion
Default and Remedies
Property Condition
Vacant Possession
Assignment
Expenses and Costs
Time of Essence
Land Registry Requirements
Property Management
Existing Tenancies
Property Inspection
Insurance
Notices
Force Majeure
Governing Law
Dispute Resolution
Entire Agreement
Severability
Further Assurance
Amendments
Third Party Rights
Counterparts
Real Estate
Property Development
Legal Services
Financial Services
Banking
Property Management
Construction
Professional Services
Investment
Real Estate Investment
Legal
Real Estate
Compliance
Property Management
Investment
Acquisitions
Property Development
Finance
Risk Management
Corporate Services
Real Estate Agent
Property Lawyer
Conveyancing Solicitor
Property Manager
Real Estate Investment Manager
Legal Counsel
Compliance Officer
Property Developer
Bank Manager
Mortgage Specialist
Real Estate Investment Advisor
Property Acquisitions Manager
Real Estate Transaction Coordinator
Legal Director
Chief Investment Officer
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