The Real Estate Contract Assignment Form is a crucial document in Hong Kong's property market, used when transferring ownership rights of real estate from one party to another. This document is essential in both residential and commercial property transactions, requiring compliance with Hong Kong's property laws, particularly the Conveyancing and Property Ordinance and Stamp Duty Ordinance. It serves as the primary instrument for documenting the terms and conditions of the property transfer, including property details, purchase price, payment terms, and completion arrangements. The form must be properly executed and registered with the Hong Kong Land Registry to ensure legal validity and protect the interests of all parties involved. It's particularly important in Hong Kong's dynamic real estate market, where property assignments are frequent and require strict adherence to local legal requirements.
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1. Parties: Details of the Assignor (current owner/seller) and Assignee (buyer), including full legal names, addresses, and identification numbers
2. Background: Brief history of the property ownership, reference to the original purchase agreement, and reason for assignment
3. Definitions: Key terms used throughout the document, including 'Property', 'Completion Date', 'Purchase Price', and other relevant terms
4. Property Details: Full legal description of the property being assigned, including lot number, floor area, and registered address
5. Consideration: Purchase price and payment terms, including initial deposits and balance payment structure
6. Assignment: Core clause transferring all rights, titles, and interests in the property from Assignor to Assignee
7. Completion: Details of completion date, time, and place, including procedures for handover
8. Assignor's Representations and Warranties: Statements regarding property ownership, absence of encumbrances, and authority to sell
9. Stamp Duty Declaration: Statement regarding stamp duty obligations and responsible parties
10. Costs and Expenses: Allocation of legal costs, stamp duty, and other expenses between parties
11. Execution: Signature blocks and execution formalities
1. Mortgage Details: Include when the property is subject to an existing mortgage that needs to be discharged
2. Special Conditions: For any unique terms specific to this assignment, such as furniture inclusion or renovation agreements
3. Property Management: Include when there are specific management fee arrangements or outstanding charges to be addressed
4. Vacant Possession: Include when specific arrangements for vacancy and possession need to be detailed
5. Tenancy Details: Include when the property is subject to existing tenancy agreements
6. Agent Commission: Include when property agents are involved and commission arrangements need to be documented
1. Schedule 1 - Property Details: Detailed property description, including floor plans and building specifications
2. Schedule 2 - Inventory List: List of fixtures, fittings, and furniture included in the assignment (if applicable)
3. Schedule 3 - Title Documents: List of all relevant title documents and their locations
4. Appendix A - Property Ownership Documents: Copies of relevant ownership documents and government lease
5. Appendix B - Floor Plan: Certified floor plan of the property
6. Appendix C - Due Diligence Documents: Relevant search results, management corporation certificates, and other due diligence documents
Relevant legal definitions
Agreement
Assignee
Assignor
Assignment
Building
Completion
Completion Date
Consideration
Deed of Mutual Covenant
Encumbrances
Estate
Government Grant
Government Lease
Hong Kong
Land Registry
Management Fee
Mortgage
Mortgagee
Party/Parties
Property
Purchase Price
Rates
Related Documents
Solicitors
Stamp Duty
Title Documents
Vacant Possession
Working Day
Government Rent
Property Management Company
Due Diligence Documents
Preliminary Agreement
Initial Deposit
Further Deposit
Balance of Purchase Price
Completion Account
Assignee
Assignor
Assignment
Building
Completion
Completion Date
Consideration
Deed of Mutual Covenant
Encumbrances
Estate
Government Grant
Government Lease
Hong Kong
Land Registry
Management Fee
Mortgage
Mortgagee
Party/Parties
Property
Purchase Price
Rates
Related Documents
Solicitors
Stamp Duty
Title Documents
Vacant Possession
Working Day
Government Rent
Property Management Company
Due Diligence Documents
Preliminary Agreement
Initial Deposit
Further Deposit
Balance of Purchase Price
Completion Account
Clauses
Interpretation
Sale and Purchase
Property Description
Consideration and Payment
Assignment
Title and Ownership
Representations and Warranties
Completion
Possession
Costs and Expenses
Stamp Duty
Registration
Property Condition
Encumbrances
Insurance
Default
Notice
Governing Law
Entire Agreement
Severability
Force Majeure
Further Assurance
Management Fees
Rates and Taxes
Assignment Rights
Indemnification
Time of Essence
Joint and Several Liability
Successors and Assigns
Execution
Sale and Purchase
Property Description
Consideration and Payment
Assignment
Title and Ownership
Representations and Warranties
Completion
Possession
Costs and Expenses
Stamp Duty
Registration
Property Condition
Encumbrances
Insurance
Default
Notice
Governing Law
Entire Agreement
Severability
Force Majeure
Further Assurance
Management Fees
Rates and Taxes
Assignment Rights
Indemnification
Time of Essence
Joint and Several Liability
Successors and Assigns
Execution
Relevant Industries
Real Estate
Property Development
Banking and Financial Services
Legal Services
Property Management
Construction
Property Investment
Real Estate Investment Trusts (REITs)
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Finance
Risk Management
Operations
Investment
Administration
Document Control
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Conveyancing Officer
Legal Counsel
Property Developer
Mortgage Specialist
Title Officer
Real Estate Investment Manager
Compliance Officer
Real Estate Transaction Coordinator
Property Administrator
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