Real Estate Offer Form Template for Hong Kong

A standardized legal document used in Hong Kong's real estate market to formalize a potential purchaser's offer to buy a property. This document serves as the initial step in the property acquisition process, outlining key terms including the offered purchase price, payment terms, completion timeline, and specific conditions of the proposed transaction. Compliant with Hong Kong's Estate Agents Ordinance and property law requirements, it includes essential information about the property, parties involved, and terms of the proposed purchase, forming the basis for subsequent formal property transactions.

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What is a Real Estate Offer Form?

The Real Estate Offer Form is a crucial document in Hong Kong's property transaction process, serving as the formal instrument through which potential buyers communicate their interest and terms for purchasing a property. This document is typically used at the initial stage of a property transaction, after property viewing but before the formal Sale and Purchase Agreement. It contains essential information including property details, offer price, payment terms, completion timeline, and any special conditions. The form must comply with Hong Kong's legal requirements, particularly the Estate Agents Ordinance and Conveyancing and Property Ordinance, and serves as the foundation for further negotiation and eventual property transfer. It's designed to protect both parties' interests by clearly documenting the proposed terms of the transaction.

What sections should be included in a Real Estate Offer Form?

1. Property Details: Complete description of the property including address, floor area, parking spaces, and other physical characteristics

2. Offer Price: The proposed purchase price in both numbers and words, currency specification

3. Payment Terms: Details of how and when payment will be made, including initial deposit, further deposit, and completion payment

4. Purchaser Information: Full legal name(s), HKID/passport numbers, correspondence address of the potential buyer(s)

5. Vendor Information: Full legal name(s) and correspondence address of the current property owner(s)

6. Completion Timeline: Proposed completion date and important milestone dates

7. Property Inspection Declaration: Confirmation of property inspection status and condition acknowledgment

8. Estate Agent Details: Information about the estate agent(s) involved, including license numbers

9. Offer Validity Period: Duration for which the offer remains valid and binding

10. Signature Block: Space for signatures, dates, and witness details if required

What sections are optional to include in a Real Estate Offer Form?

1. Special Conditions: Any special terms or conditions specific to this offer, used when there are unique circumstances or requirements

2. Existing Tenancy: Details of any existing tenancy agreements, used when the property is currently leased

3. Furniture and Fixtures: List of items included/excluded in the sale, used when specific items are being negotiated

4. Mortgage Requirement: Details of any mortgage arrangements or conditions, used when purchase is subject to mortgage approval

5. Building Management: Information about building management fees and special funds, used for properties in managed buildings

6. Defects Liability: Special provisions for newly completed properties, used for first-hand property sales

What schedules should be included in a Real Estate Offer Form?

1. Schedule 1: Property Inventory: Detailed list of fixtures, fittings, and furniture included in the sale

2. Schedule 2: Property Floor Plan: Floor plan showing the layout and dimensions of the property

3. Schedule 3: Recent Renovation Works: List of any recent renovations or modifications to the property

4. Appendix A: Property Ownership Documents: Copies of relevant title documents and land search

5. Appendix B: Property Condition Photos: Recent photographs documenting the current condition of the property

6. Appendix C: Building Management Information: Details of management fees, special fund contributions, and house rules

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Hong Kong

Publisher

Genie AI

Cost

Free to use

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