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Property Transfer Agreement
"I need a Property Transfer Agreement for a commercial office space in Central, Hong Kong, with completion scheduled for March 2025, including specific provisions for existing tenants and shared facilities in the building."
1. Parties: Identifies and provides full details of the transferor (seller) and transferee (buyer)
2. Background: Sets out the context of the transfer, including brief property history and parties' intention to transfer
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Property Details: Comprehensive description of the property being transferred, including legal description and registered details
5. Consideration: States the purchase price and payment terms, including deposit arrangements
6. Conditions Precedent: Lists conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Details the obligations of both parties before completion, including property inspection rights
8. Completion: Specifies completion date, time, location, and requirements for completion
9. Post-Completion Matters: Outlines actions required after completion, including registration requirements
10. Representations and Warranties: Sets out seller's warranties about the property and buyer's acknowledgments
11. Risk and Insurance: Addresses property risk transfer and insurance requirements
12. Default and Termination: Specifies consequences of default and termination rights
13. Notices: Details how formal notices between parties should be given
14. General Provisions: Standard contractual provisions including governing law, entire agreement, and severability
1. Existing Tenancies: Required when the property is subject to ongoing tenancies that will continue after transfer
2. Mortgage Details: Included when the property is subject to an existing mortgage that needs to be discharged
3. Property Management: Needed for properties in multi-unit buildings with management obligations
4. Renovation Works: Required when there are ongoing or planned renovation works affecting the property
5. Car Parking Spaces: Included when the transfer includes car parking rights
6. Stamp Duty Arrangements: Details special stamp duty arrangements or buyer's stamp duty obligations
7. Joint Ownership Provisions: Required when the transferee consists of multiple buyers
8. Power of Attorney: Included when either party is acting through an attorney
1. Schedule 1 - Property Details: Detailed property description, including lot number, floor area, and boundaries
2. Schedule 2 - Fixtures and Fittings: Inventory of items included/excluded in the transfer
3. Schedule 3 - Title Documents: List of relevant title documents and encumbrances
4. Schedule 4 - Existing Tenancies: Details of any continuing tenancies affecting the property
5. Schedule 5 - Property Inspection Report: Results of property inspection and condition assessment
6. Appendix A - Property Plans: Floor plans and location maps of the property
7. Appendix B - Photographs: Recent photographs of the property and any defects noted
8. Appendix C - Land Search Documents: Recent land search results and relevant registry documents
Authors
Completion
Completion Date
Consideration
Deposit
Encumbrances
Fixtures and Fittings
Government Lease
Government Rent
Hong Kong
Land Registry
Legal Charge
Management Fee
Mortgage
Mortgagee
Occupation Permit
Party/Parties
Property
Purchase Price
Rates
Stamp Duty
Title Documents
Transfer
Transferee
Transferor
Working Day
Building Manager
Common Areas
Deed of Mutual Covenant
Existing Tenancies
Land Search
Property Management Company
Purchaser's Solicitors
Vendor's Solicitors
Special Stamp Duty
Buyer's Stamp Duty
Assignment
Business Day
Completion Documents
Conditions Precedent
Due Diligence
Material Adverse Change
Representations and Warranties
Sale and Purchase Agreement
Property Description
Consideration
Payment Terms
Deposit
Title and Ownership
Representations and Warranties
Conditions Precedent
Due Diligence
Completion
Post-Completion Obligations
Stamp Duty
Registration Requirements
Property Inspection
Risk and Insurance
Existing Tenancies
Property Management
Encumbrances
Default and Termination
Force Majeure
Assignment
Notices
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Confidentiality
Further Assurance
Indemnification
Time of Essence
Joint and Several Liability
Amendments
Waiver
Third Party Rights
Real Estate
Legal Services
Banking and Finance
Property Development
Property Management
Construction
Investment
Insurance
Professional Services
Legal
Real Estate
Compliance
Risk Management
Property Management
Investment
Operations
Finance
Due Diligence
Document Management
Legal Counsel
Property Lawyer
Real Estate Manager
Property Development Manager
Conveyancing Manager
Compliance Officer
Real Estate Agent
Property Investment Manager
Bank Manager
Mortgage Specialist
Company Director
Property Portfolio Manager
Risk Manager
Due Diligence Officer
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