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Agreement To Sell Property
I need an Agreement To Sell Property for a commercial office unit in Central, Hong Kong, with completion scheduled for March 2025, which must include provisions for existing tenancies and the transfer of maintenance contracts.
1. Parties: Identification and details of the Vendor and Purchaser, including full legal names, identification numbers, and addresses
2. Background: Context of the transaction, including brief property description and intent of the parties
3. Definitions: Defined terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.
4. Sale and Purchase: Core agreement to sell and purchase the property, including the purchase price and payment terms
5. Deposits: Details of initial and further deposits, payment schedule, and stakeholder arrangements
6. Title and Property Condition: Vendor's warranties regarding title, property condition, and encumbrances
7. Completion: Completion date, mechanics, and requirements for completion of the sale
8. Vendor's Obligations: Pre-completion and completion obligations of the vendor
9. Purchaser's Obligations: Pre-completion and completion obligations of the purchaser
10. Default: Consequences and remedies for default by either party
11. Stamp Duty: Obligations regarding payment of stamp duty and other transaction taxes
12. Notices: Process and requirements for serving notices under the agreement
13. General Provisions: Standard contractual provisions including governing law, entire agreement, and amendments
1. Existing Tenancies: Required when the property is sold subject to existing tenancies, detailing tenant rights and obligations
2. Mortgage Status: Required when the property has an existing mortgage that needs to be discharged
3. Property Management: Required for properties in multi-unit buildings, addressing management fees and obligations
4. Fixtures and Fittings: Optional section detailing specific items included or excluded from the sale
5. Representations and Warranties: Additional warranties beyond standard title warranties, used for specific property circumstances
6. Agent Commission: Required when property agents are involved in the transaction
7. Conditions Precedent: Required when completion is subject to specific conditions being satisfied
8. Environmental Matters: Required for properties with specific environmental concerns or requirements
1. Schedule 1 - Property Description: Detailed description of the property including lot number, address, and registered details
2. Schedule 2 - Purchase Price Payment Schedule: Breakdown of payment installments and timing
3. Schedule 3 - Completion Requirements: Detailed list of documents and requirements for completion
4. Schedule 4 - Included Fixtures and Fittings: Inventory of items included in the sale
5. Schedule 5 - Existing Tenancies: Details of any existing tenancy agreements affecting the property
6. Appendix A - Property Plans: Floor plans and location plans of the property
7. Appendix B - Title Documents: Copies of relevant title documents and land search
8. Appendix C - Property Photographs: Photographic record of the property condition at the time of agreement
Authors
Assignment
Bank
Building
Business Day
Completion
Completion Date
Conditions Precedent
Consideration
Deed of Mutual Covenant
Deposit
Encumbrances
Estate
Further Deposit
Government
Government Lease
Government Rent
Hong Kong
Initial Deposit
Land Registry
Management Fee
Mortgage
Mortgagee
Notice
Occupation Permit
Part
Parties
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Rates
Schedule
Special Conditions
Stamp Duty
Stakeholder
Title Documents
Transaction Documents
Vendor
Vendor's Solicitors
Working Day
Sale and Purchase
Purchase Price
Deposits
Title
Property Condition
Warranties and Representations
Completion Obligations
Default
Risk and Insurance
Vacant Possession
Existing Tenancies
Stamp Duty
Assignment
Registration
Management Fees
Government Rent and Rates
Utilities and Outgoings
Notices
Time of Essence
Joint and Several Liability
Costs and Expenses
Further Assurance
Entire Agreement
Severability
Governing Law
Dispute Resolution
Force Majeure
Assignment and Transfer
Variations and Amendments
Real Estate
Banking and Finance
Legal Services
Property Development
Property Management
Investment
Construction
Hospitality
Retail
Commercial Property
Legal
Real Estate
Property Management
Compliance
Corporate Secretarial
Investment
Operations
Finance
Risk Management
Business Development
Real Estate Lawyer
Property Manager
Estate Agent
Legal Counsel
Corporate Lawyer
Conveyancing Officer
Property Developer
Investment Manager
Real Estate Director
Compliance Officer
Contract Manager
Company Secretary
Property Investment Analyst
Real Estate Transaction Manager
Chief Legal Officer
Head of Real Estate
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