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Memorandum Of Agreement Sale Of Property
"I need a Memorandum of Agreement Sale of Property for a residential apartment in Happy Valley, Hong Kong, with completion date set for March 15, 2025, including provisions for a 10% initial deposit and ensuring vacant possession upon completion."
1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses
2. Background: Context of the sale and brief description of the property transaction
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price
5. Purchase Price: Details of the purchase price, payment schedule, and deposit arrangements
6. Completion: Completion date, procedures, and obligations of both parties
7. Title: Vendor's warranty of good title and purchaser's right to investigate title
8. Property Condition: State and condition of the property, fixtures, and fittings
9. Representations and Warranties: Standard warranties about property ownership, encumbrances, and condition
10. Costs and Stamp Duty: Allocation of legal costs, stamp duty, and other expenses
11. Default: Consequences of default by either party and remedies
12. Notices: Method and addresses for serving notices between parties
13. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
1. Existing Tenancy: Required when property is sold subject to existing tenancy, detailing tenant rights and obligations
2. Mortgage Status: Include when property has an existing mortgage that needs to be discharged
3. Renovation Works: Needed when specific renovation or repair works are agreed to be completed before completion
4. Car Parking Space: Required when sale includes parking space or garage
5. Agent Commission: Include when property agents are involved in the transaction
6. Vacant Possession: Required when specific arrangements for vacant possession need to be detailed
7. Pre-existing Damages: Include when there are known defects or damages that need to be documented
8. Special Conditions: For any unusual or specific requirements agreed between parties
1. Schedule 1 - Property Description: Detailed description of the property including lot number, address, and registered details
2. Schedule 2 - Inventory: List of fixtures, fittings, and furniture included in the sale
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms including deposits and completion payment
4. Schedule 4 - Title Documents: List of title documents and their locations
5. Schedule 5 - Existing Encumbrances: Details of any existing encumbrances, mortgages, or charges
6. Appendix A - Property Plans: Floor plans and location maps of the property
7. Appendix B - Photographs: Current photographs of the property and any noted defects
8. Appendix C - Completion Requirements: Checklist of documents required for completion
Authors
Completion
Completion Date
Deposit
Encumbrances
Further Deposit
Government Lease
Hong Kong
Land Registry
Management Fee
Mortgage
Part
Parties
Property
Purchase Price
Purchaser
Rates
Schedule
Stamp Duty
Title Documents
Transaction Documents
Undivided Shares
Vacant Possession
Vendor
Working Day
Building
Building Management Ordinance
Deed of Mutual Covenant
Estate
Government Rent
Initial Deposit
Land Registrar
Legal Charges
Occupation Permit
Preliminary Agreement
Property Management Company
Registration Fees
Solicitors
Special Condition
Utilities
Sale and Purchase
Purchase Price
Deposit
Title
Completion
Vacant Possession
Property Condition
Representations and Warranties
Due Diligence
Risk and Insurance
Stamp Duty
Costs and Expenses
Default
Termination
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Waiver
Amendment
Governing Law
Jurisdiction
Dispute Resolution
Further Assurance
Confidentiality
Property Management
Encumbrances
Registration
Real Estate
Legal Services
Banking and Finance
Property Development
Property Management
Construction
Real Estate Investment
Professional Services
Legal
Real Estate
Compliance
Property Management
Operations
Contracts
Property Development
Investment
Risk Management
Documentation
Real Estate Lawyer
Property Lawyer
Conveyancing Solicitor
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Real Estate Director
Property Development Manager
Investment Manager
Real Estate Transaction Manager
Legal Director
Property Operations Manager
Contract Manager
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