The Real Property Contract is a fundamental legal document used in Hong Kong property transactions to formalize the transfer of real estate ownership. It serves as the primary agreement between vendors and purchasers, incorporating requirements from Hong Kong's property law framework, particularly the Conveyancing and Property Ordinance and related legislation. This document is essential for both residential and commercial property transactions in Hong Kong, requiring careful attention to local regulatory requirements, stamp duty obligations, and registration procedures. The contract typically includes comprehensive details about the property, transaction terms, warranties, and specific provisions addressing Hong Kong's unique property market characteristics, such as management of multi-story buildings and handling of existing tenancies. It's designed to protect both parties' interests while ensuring compliance with Hong Kong's stringent property transaction requirements.
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1. Parties: Identification of the vendor and purchaser, including full legal names, identification numbers, and addresses
2. Background: Context of the transaction and brief description of the property being transferred
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, address, and registered details
5. Purchase Price: Agreed purchase price and payment terms including deposit and completion payment details
6. Completion: Completion date, procedures, and requirements for closing the transaction
7. Title and Transfer: Vendor's warranty of good title and obligations regarding transfer of title
8. Vendor's Representations and Warranties: Standard warranties about property condition, ownership, and encumbrances
9. Purchaser's Representations and Warranties: Purchaser's confirmations regarding inspection and acceptance of property condition
10. Property Condition: Current condition of the property and any agreed repairs or modifications
11. Expenses and Stamp Duty: Allocation of transaction costs and stamp duty responsibilities
12. Default and Termination: Consequences of default by either party and termination provisions
13. General Provisions: Standard contract clauses including notices, governing law, and entire agreement
1. Existing Tenancies: Details of any existing tenancies and their handling, used when property is sold with sitting tenants
2. Mortgage Status: Details about existing mortgages and their discharge, used when property has existing mortgages
3. Car Parking Space: Details of any included parking spaces, used when parking is part of the transaction
4. Furniture and Fittings: List of included/excluded fixtures and fittings, used when selling furnished or partially furnished
5. Building Management: Special provisions regarding building management fees and obligations, used for properties in managed buildings
6. Renovation Works: Details of ongoing or planned renovation works, used when property is under renovation or requires specific works
7. Property Management: Specific management requirements, used for properties in estates or managed complexes
1. Property Description Schedule: Detailed property description including boundaries, measurements, and floor plans
2. Inventory Schedule: Detailed list of fixtures, fittings, and furniture included in the sale
3. Existing Tenancy Schedule: Details of current tenant leases, terms, and conditions
4. Title Documents Schedule: List of all relevant title documents and their contents
5. Payment Schedule: Detailed breakdown of payment terms and installments
6. Deed Plan: Official plans showing property boundaries and location
7. Property Inspection Report: Technical inspection findings and property condition assessment
8. Building Management Rules: Relevant building management regulations and requirements
Relevant legal definitions
Agreement
Assignment
Building
Building Management Fees
Business Day
Car Parking Space
Completion
Completion Date
Deed of Mutual Covenant
Deposit
Encumbrances
Estate
Existing Tenancies
Government Lease
Government Rent
Hong Kong
Land Registry
Legal Fees
Management Corporation
Mortgage
Mortgagee
Notice
Parties
Property
Property Management Company
Purchase Price
Purchaser
Rates
Relevant Authority
Schedule
Share(s)
Stamp Duty
Terms and Conditions
Title Documents
Transaction
Undivided Shares
Vendor
Working Day
Assignment
Building
Building Management Fees
Business Day
Car Parking Space
Completion
Completion Date
Deed of Mutual Covenant
Deposit
Encumbrances
Estate
Existing Tenancies
Government Lease
Government Rent
Hong Kong
Land Registry
Legal Fees
Management Corporation
Mortgage
Mortgagee
Notice
Parties
Property
Property Management Company
Purchase Price
Purchaser
Rates
Relevant Authority
Schedule
Share(s)
Stamp Duty
Terms and Conditions
Title Documents
Transaction
Undivided Shares
Vendor
Working Day
Clauses
Property Description
Sale and Purchase
Title and Transfer
Payment Terms
Completion
Warranties and Representations
Property Condition
Vacant Possession
Existing Tenancies
Stamp Duty
Registration
Default
Termination
Force Majeure
Assignment
Building Management
Property Inspection
Due Diligence
Risk and Insurance
Notice
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Time of Essence
Further Assurance
Confidentiality
Sale and Purchase
Title and Transfer
Payment Terms
Completion
Warranties and Representations
Property Condition
Vacant Possession
Existing Tenancies
Stamp Duty
Registration
Default
Termination
Force Majeure
Assignment
Building Management
Property Inspection
Due Diligence
Risk and Insurance
Notice
Governing Law
Dispute Resolution
Entire Agreement
Severability
Costs and Expenses
Time of Essence
Further Assurance
Confidentiality
Relevant Industries
Real Estate
Property Development
Banking and Finance
Legal Services
Property Management
Construction
Urban Planning
Property Investment
Facilities Management
Professional Services
Relevant Teams
Legal
Real Estate
Property Management
Compliance
Finance
Operations
Facilities
Risk Management
Corporate Services
Investment
Asset Management
Relevant Roles
Property Lawyer
Real Estate Agent
Property Manager
Legal Counsel
Conveyancing Manager
Property Developer
Bank Manager
Mortgage Specialist
Real Estate Investment Manager
Facilities Manager
Compliance Officer
Property Valuer
Real Estate Transaction Coordinator
Title Insurance Officer
Property Operations Director
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