The Property Agreement Between Two Parties is a fundamental legal document used in Hong Kong real estate transactions for both residential and commercial properties. It serves as the primary contract governing the sale and purchase of property, establishing the legal relationship between the vendor and purchaser. This document is essential when transferring property ownership in Hong Kong and must comply with local property laws, including the Conveyancing and Property Ordinance (Cap. 219) and Land Registration Ordinance (Cap. 128). The agreement typically includes comprehensive details about the property, purchase price, payment terms, completion arrangements, and the rights and obligations of both parties. It's commonly used in various scenarios, from simple residential transactions to complex commercial property deals, and can be adapted to include specific requirements such as mortgage provisions or existing tenancy arrangements.
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1. Parties: Identification and details of all parties involved in the agreement
2. Background: Context of the agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, lot number, and registered details
5. Consideration: Purchase price, payment terms, and payment schedule
6. Completion: Details of the completion process, timing, and requirements
7. Representations and Warranties: Statements of fact and promises made by both parties regarding the property and transaction
8. Vendor's Obligations: Specific obligations and responsibilities of the selling party
9. Purchaser's Obligations: Specific obligations and responsibilities of the buying party
10. Title and Transfer: Provisions regarding property title and the transfer process
11. Default and Remedies: Consequences of breach and available remedies
12. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Mortgage Provisions: Include when the property purchase involves mortgage financing
2. Vacant Possession: Include when the property is being sold with vacant possession
3. Tenancy Provisions: Include when the property is subject to existing tenancy
4. Property Management: Include for properties in managed buildings or estates
5. Special Conditions: Include when there are unique terms or conditions specific to the transaction
6. Third Party Rights: Include when there are relevant third party rights or restrictions
7. Tax Provisions: Include when special tax considerations apply
8. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
1. Schedule 1 - Property Description: Detailed description of the property including floor plans and boundaries
2. Schedule 2 - Inventory: List of fixtures, fittings, and contents included in the sale
3. Schedule 3 - Title Documents: List of relevant title documents and encumbrances
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms and installments
5. Appendix A - Property Plans: Floor plans, location maps, and other relevant drawings
6. Appendix B - Certificates: Copies of relevant certificates and permits
7. Appendix C - Existing Tenancy Agreement: If applicable, copy of current tenancy agreement
8. Appendix D - Property Photographs: Recent photographs of the property and its condition
Relevant legal definitions
Agreement
Assignment
Building
Business Day
Completion
Completion Date
Consideration
Deposit
Encumbrances
Estate
Government Grant
Government Lease
Hong Kong
Land Registry
Legal Charge
Mortgage
Party/Parties
Plans
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Registration
Schedule
Share(s)
Stamp Duty
Title Documents
Transaction Documents
Undivided Shares
Vacant Possession
Vendor
Vendor's Solicitors
Working Day
Assignment
Building
Business Day
Completion
Completion Date
Consideration
Deposit
Encumbrances
Estate
Government Grant
Government Lease
Hong Kong
Land Registry
Legal Charge
Mortgage
Party/Parties
Plans
Property
Purchase Price
Purchaser
Purchaser's Solicitors
Registration
Schedule
Share(s)
Stamp Duty
Title Documents
Transaction Documents
Undivided Shares
Vacant Possession
Vendor
Vendor's Solicitors
Working Day
Clauses
Definitions and Interpretation
Sale and Purchase
Property Description
Consideration
Payment Terms
Deposit
Completion
Title
Representations and Warranties
Vendor Obligations
Purchaser Obligations
Conditions Precedent
Due Diligence
Property Inspection
Vacant Possession
Risk and Insurance
Assignment
Registration
Stamp Duty
Default
Termination
Force Majeure
Costs and Expenses
Notices
Confidentiality
Entire Agreement
Severability
Governing Law
Dispute Resolution
Third Party Rights
Amendment
Assignment Rights
Further Assurance
Counterparts
Sale and Purchase
Property Description
Consideration
Payment Terms
Deposit
Completion
Title
Representations and Warranties
Vendor Obligations
Purchaser Obligations
Conditions Precedent
Due Diligence
Property Inspection
Vacant Possession
Risk and Insurance
Assignment
Registration
Stamp Duty
Default
Termination
Force Majeure
Costs and Expenses
Notices
Confidentiality
Entire Agreement
Severability
Governing Law
Dispute Resolution
Third Party Rights
Amendment
Assignment Rights
Further Assurance
Counterparts
Relevant Industries
Real Estate
Residential Property
Commercial Property
Legal Services
Banking and Finance
Property Development
Property Investment
Property Management
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Asset Management
Operations
Investment
Risk Management
Contract Administration
Business Development
Relevant Roles
Legal Counsel
Property Lawyer
Real Estate Agent
Property Manager
Conveyancing Manager
Real Estate Director
Property Investment Manager
Compliance Officer
Contract Manager
Real Estate Partner
Property Development Manager
Asset Manager
Transaction Manager
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