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Real Estate Buy Sell Agreement
"I need a Real Estate Buy Sell Agreement for a luxury residential property in Hong Kong's Peak district, including provisions for existing high-value fixtures and fittings, with completion scheduled for March 2025 and special conditions for the included art installations and smart home systems."
1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, address, and registered details
5. Purchase Price: Agreed purchase price and payment structure including initial deposit, further deposit, and balance payment
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
7. Completion: Completion date, procedures, and requirements for completing the sale
8. Vendor's Representations and Warranties: Warranties regarding property title, ownership, and condition
9. Property Inspection: Purchaser's right to inspect the property and acknowledgment of its condition
10. Title and Documents: Requirements for proving good title and delivering necessary documents
11. Stamp Duty: Obligations regarding payment of various applicable stamp duties
12. Costs and Expenses: Allocation of legal costs, registration fees, and other transaction expenses
13. Risk and Insurance: Transfer of risk and insurance responsibilities
14. Default and Termination: Consequences of default and termination rights
15. Notices: Process for serving notices between parties
16. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
1. Existing Tenancies: Required when the property is sold subject to existing tenancies, detailing tenant rights and rental arrangements
2. Mortgage Status: Required when the property has an existing mortgage that needs to be discharged
3. Property Management: Required for properties in multi-story buildings, addressing management fees and obligations
4. Car Parking Space: Required when the sale includes parking space(s)
5. Furniture and Fittings: Required when the sale includes specific furniture or fittings
6. Special Conditions: Required for any unique requirements or conditions specific to the transaction
7. Building Orders: Required when there are outstanding building orders or notices
8. Taxation Matters: Required for special tax considerations, particularly for non-resident parties
1. Schedule 1 - Property Description: Detailed description of the property including boundaries, floor area, and facilities
2. Schedule 2 - Purchase Price Breakdown: Itemized breakdown of the purchase price and payment schedule
3. Schedule 3 - Included Fixtures and Fittings: List of fixtures and fittings included in the sale
4. Schedule 4 - Title Documents: List of title documents to be delivered upon completion
5. Schedule 5 - Existing Tenancy Details: Details of any existing tenancy agreements (if applicable)
6. Appendix A - Property Floor Plan: Floor plan of the property
7. Appendix B - Recent Land Search: Copy of recent land search results
8. Appendix C - Completion Checklist: Checklist of items required for completion
Authors
Assignment
Balance of the Purchase Price
Bank
Business Day
Completion
Completion Date
Deposit
Encumbrances
Government Lease
Government Rent
Hong Kong
Land Registry
Management Fees
Mortgage
Parties
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Rates
Special Stamp Duty
Stamp Duty
Title Documents
Transaction Documents
Vendor
Vendor's Solicitors
Working Day
Building Manager
Building Management Office
Common Areas
Deed of Mutual Covenant
DMC
Initial Deposit
Further Deposit
Ground Rent
Land Search
Provisional Agreement
PASP
Buyer's Stamp Duty
Ad Valorem Stamp Duty
Utilities
Vacant Possession
Sale and Purchase
Purchase Price
Payment Terms
Deposits
Completion
Title and Documents
Representations and Warranties
Property Inspection
Stamp Duty
Legal Costs
Risk and Insurance
Default and Termination
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Governing Law
Jurisdiction
Property Management
Existing Tenancies
Vacant Possession
Land Registration
Encumbrances
Government Rent and Rates
Management Fees
Utilities
Further Assurance
Time of Essence
Confidentiality
Dispute Resolution
Amendment
Waiver
Indemnification
Real Estate
Legal Services
Banking & Finance
Property Development
Property Management
Construction
Professional Services
Residential Property
Commercial Property
Investment
Legal
Real Estate
Property Management
Sales
Compliance
Operations
Investment
Corporate
Conveyancing
Due Diligence
Real Estate Lawyer
Property Lawyer
Conveyancing Solicitor
Real Estate Agent
Property Agent
Real Estate Manager
Property Developer
Investment Manager
Legal Counsel
Compliance Officer
Real Estate Investment Manager
Property Transaction Manager
Real Estate Director
Property Sales Manager
Legal Director
Real Estate Partner
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