The Provisional Agreement is a crucial document in Hong Kong's real estate transaction process, serving as the initial binding contract between property vendors and purchasers. It is typically prepared following successful price negotiations and precedes the formal Sale and Purchase Agreement. This document captures essential transaction details including property particulars, price, payment terms, completion date, and any special conditions. While provisional in nature, it creates legally binding obligations and usually requires the purchaser to pay an initial deposit (typically 3-5% of the purchase price). The document must comply with Hong Kong legal requirements and market practices, particularly those set out in the Estate Agents Ordinance and Conveyancing and Property Ordinance. It forms the basis for solicitors to prepare the subsequent formal Sale and Purchase Agreement.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the Vendor and Purchaser with their full names, ID/passport numbers, and addresses
2. Background: Brief context of the transaction and confirmation that the Vendor is the legal owner of the property
3. Definitions: Key terms used in the agreement including 'Property', 'Purchase Price', 'Initial Deposit', 'Further Deposit', and 'Completion Date'
4. Property Details: Detailed description of the property including address, floor area, parking spaces if any, and registration particulars
5. Purchase Price and Payment Terms: Total consideration and payment schedule including deposits and completion payment
6. Completion: Completion date, time, and location, and obligations of parties upon completion
7. Property Inspection: Confirmation that the Purchaser has inspected the property and accepts its condition
8. Representations and Warranties: Basic warranties regarding property ownership and Vendor's authority to sell
9. Stamp Duty: Obligations regarding payment of various stamp duties (AVD, BSD, SSD if applicable)
10. Default Provisions: Consequences of default by either party and forfeiture/compensation terms
1. Existing Tenancy: Required when the property is sold subject to an existing tenancy, detailing tenant rights and rental terms
2. Mortgage Status: Required when the property has an existing mortgage that needs to be discharged
3. Car Park: Required when the sale includes parking space(s), specifying details and terms
4. Furniture and Fittings: Required when the sale includes specific furniture or fittings, listing included items
5. Special Conditions: Required for any special arrangements or conditions specific to the transaction
6. Agency Provisions: Required when property agents are involved, detailing commission arrangements
1. Schedule 1 - Property Details: Detailed property information including lot number, floor plan reference, and exact measurements
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and due dates
3. Schedule 3 - Included Items: List of furniture, fittings, and other items included in the sale (if applicable)
4. Appendix A - Property Floor Plan: Copy of the floor plan showing property boundaries and dimensions
5. Appendix B - Recent Land Search: Copy of recent land search results showing current ownership and encumbrances
Relevant legal definitions
Agreement
Property
Purchase Price
Completion Date
Completion
Initial Deposit
Further Deposit
Balance Payment
Vendor
Purchaser
Working Day
Land Registry
Title Documents
Formal Agreement
Ad Valorem Stamp Duty
Special Stamp Duty
Buyer's Stamp Duty
Encumbrances
Assignment
Estate Agent
Commission
Existing Tenancy
Property Management Fee
Government Rent
Rates
Vacant Possession
Material Damage
Default
Force Majeure
Solicitors
Property
Purchase Price
Completion Date
Completion
Initial Deposit
Further Deposit
Balance Payment
Vendor
Purchaser
Working Day
Land Registry
Title Documents
Formal Agreement
Ad Valorem Stamp Duty
Special Stamp Duty
Buyer's Stamp Duty
Encumbrances
Assignment
Estate Agent
Commission
Existing Tenancy
Property Management Fee
Government Rent
Rates
Vacant Possession
Material Damage
Default
Force Majeure
Solicitors
Clauses
Property Description
Purchase Price
Payment Terms
Completion
Deposits
Title
Representations and Warranties
Property Inspection
Stamp Duty
Default and Termination
Agency
Time of Essence
Vacant Possession
Existing Tenancy
Conditions Precedent
Risk and Insurance
Assignment
Notices
Costs and Expenses
Land Search
Property Management
Further Assurance
Governing Law
Entire Agreement
Severability
Force Majeure
Purchase Price
Payment Terms
Completion
Deposits
Title
Representations and Warranties
Property Inspection
Stamp Duty
Default and Termination
Agency
Time of Essence
Vacant Possession
Existing Tenancy
Conditions Precedent
Risk and Insurance
Assignment
Notices
Costs and Expenses
Land Search
Property Management
Further Assurance
Governing Law
Entire Agreement
Severability
Force Majeure
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Property Development
Property Management
Construction
Real Estate Investment
Professional Services
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Sales
Commercial
Risk Management
Operations
Investment
Finance
Relevant Roles
Real Estate Agent
Property Lawyer
Conveyancing Solicitor
Property Manager
Real Estate Director
Legal Counsel
Compliance Officer
Real Estate Investment Manager
Property Development Manager
Banking Officer
Mortgage Specialist
Real Estate Partner
Property Consultant
Transaction Manager
Find the exact document you need
Official Receipt
A Hong Kong-compliant official receipt documenting financial transactions and serving as legal proof of payment under local business and tax regulations.
find out more
Home Ownership Agreement
A legally binding agreement under Hong Kong law that documents the terms and conditions for the transfer of property ownership from seller to buyer.
find out more
Car Sales Agreement Contract
A Hong Kong-governed agreement documenting the sale and purchase of a motor vehicle, including terms, conditions, and transfer of ownership requirements.
find out more
Form To Vacate Rental Property
A Hong Kong-compliant form for tenants to formally notify landlords of their intention to vacate a rental property.
find out more
Private Placement Memorandum (Real Estate)
A Hong Kong-compliant offering document for private real estate investment opportunities, detailing property assets, investment terms, and risk factors for sophisticated investors.
find out more
Buy Sell Agreement Life (Insurance)
A Hong Kong law-governed agreement establishing terms for business interest transfers triggered by specific events, funded through life insurance policies.
find out more
Real Estate Contract Assignment Form
A Hong Kong-compliant legal document for transferring property ownership rights between parties, containing essential terms and conditions for real estate assignments.
find out more
Letter Of Intent To Borrow Money
A preliminary document under Hong Kong law outlining proposed terms for a lending arrangement, serving as a formal expression of intent to borrow money and establishing basic loan conditions.
find out more
Utility Invoice
A compliant Hong Kong utility invoice documenting consumption, charges, and payment terms for utility services under local regulations.
find out more
Sale Of Partnership Agreement
A Hong Kong law-governed agreement documenting the sale and transfer of partnership interests, including terms, price, and completion requirements.
find out more
Contract To Pay Back Money Owed
A Hong Kong law-governed agreement that establishes legally binding terms for repaying an existing debt, including payment schedule and enforcement provisions.
find out more
Online Residential Lease Agreement
Hong Kong-compliant online residential lease agreement template with electronic execution capabilities.
find out more
Commercial Building Rental Agreement
A Hong Kong law-governed agreement setting out terms and conditions for leasing commercial property, including rent, usage rights, and obligations of landlord and tenant.
find out more
Vehicle Sale Deed
A legal document governed by Hong Kong law that formalizes the sale and transfer of ownership of a motor vehicle between parties, including all essential terms and conditions of the sale.
find out more
Company Sale And Purchase Agreement
A Hong Kong law-governed agreement documenting the terms and conditions for the sale and purchase of a company, including price, warranties, and completion mechanics.
find out more
Aircraft Purchase And Sale Agreement
A Hong Kong law-governed agreement documenting the sale and purchase of an aircraft, including technical specifications, regulatory requirements, and commercial terms.
find out more
Deed Of Sale Condominium
A formal legal document for transferring ownership of condominium units in Hong Kong, complying with local property law requirements.
find out more
Standard Agency Agreement
A Hong Kong law-governed agreement establishing and regulating the principal-agent relationship, defining authority, duties, and commercial terms.
find out more
Agreement Of Sale Of Immovable Property
A Hong Kong law-governed agreement for the sale and purchase of immovable property, detailing terms, conditions, and obligations of the transaction.
find out more
Pregnancy Risk Assessment
A Hong Kong-compliant workplace risk assessment document for ensuring the safety and appropriate accommodation of pregnant employees, aligned with local safety and anti-discrimination regulations.
find out more
Offer Proposal
A Hong Kong law-governed document presenting a formal business proposition with detailed terms and conditions for potential acceptance by the recipient.
find out more
Equipment Rental Receipt
A Hong Kong-compliant document recording equipment rental transactions, including equipment details, terms, and payment information.
find out more
Promissory Note Without Interest
A Hong Kong law-governed document containing an unconditional promise to pay a fixed sum of money without interest from one party to another.
find out more
Letter Of Intent To Sell
A preliminary document under Hong Kong law outlining key terms and conditions for a proposed sale transaction, serving as a framework for subsequent definitive agreements.
find out more
Deed Of Partition
A Hong Kong law-governed deed that legally divides jointly owned property into separate portions among co-owners, specifying boundaries and rights.
find out more
Contract For Selling A Car
A Hong Kong law-governed contract template for the sale and purchase of a motor vehicle, ensuring compliance with local regulations and protecting both parties' interests.
find out more
Conditional Sale Agreement Property
A Hong Kong law-governed agreement for property sales subject to specific conditions, detailing terms, conditions precedent, and completion requirements.
find out more
Commercial Real Estate Sales Agreement
A Hong Kong law-governed agreement for the sale and purchase of commercial real estate, detailing terms, conditions, and requirements for property transfer.
find out more
Business Broker Contract
A Hong Kong-governed agreement establishing terms for business broker services, including scope, fees, and regulatory compliance requirements.
find out more
Vessel Purchase And Sale Agreement
A Hong Kong law-governed agreement for the sale and purchase of a marine vessel, including terms for transfer of ownership, payment, and delivery.
find out more
Simple Business Sale Agreement
A Hong Kong law-governed agreement for the sale and purchase of a business, detailing key terms, conditions, and transfer requirements.
find out more
Restaurant Profit Sharing Agreement
A Hong Kong law-governed agreement establishing profit-sharing arrangements between parties in a restaurant business.
find out more
Real Estate Purchase Agreement Contract
A legally binding agreement for property sale and purchase in Hong Kong, detailing transaction terms and conditions under Hong Kong law.
find out more
Provisional Agreement
A binding preliminary real estate sale contract under Hong Kong law that establishes key terms and conditions for property transactions.
find out more
Product Royalty Agreement
A Hong Kong law-governed agreement establishing terms for product licensing and royalty payments between licensor and licensee.
find out more
Promissory Note Repayment Schedule
A Hong Kong law-governed financial instrument that combines a promissory note with a structured repayment schedule, documenting debt obligations and payment terms.
find out more
Mortgage Sale Deed
A Hong Kong law-governed deed that transfers mortgage rights and obligations from one mortgagee to another, documenting the terms and conditions of the mortgage sale transaction.
find out more
Buyer Seller Agreement Form
A Hong Kong law-governed agreement that establishes the terms and conditions for the sale of goods between a buyer and seller, ensuring legal compliance and protection for both parties.
find out more
Boat Partnership Agreement
A Hong Kong law-governed agreement establishing shared ownership and operation terms for a marine vessel between multiple partners.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)