The Simple Real Estate Contract is a fundamental legal document used in Hong Kong for property transactions between buyers and sellers. This contract type is essential for both residential and commercial property transfers in the Hong Kong Special Administrative Region, providing a clear framework for standard property sales. The document incorporates all necessary elements required by Hong Kong law, including provisions for property transfer, payment terms, and completion arrangements. It is designed to be comprehensive yet straightforward, suitable for typical property transactions while ensuring compliance with the Conveyancing and Property Ordinance and related legislation. The contract serves as the primary document establishing the rights and obligations of both parties in the property transaction, making it essential for real estate professionals, legal practitioners, and individuals engaged in property dealings in Hong Kong.
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1. Parties: Identification and details of the vendor and purchaser, including full legal names, identification numbers, and registered addresses
2. Background: Brief context of the transaction and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, lot number, and registered particulars
5. Purchase Price: Agreed purchase price and payment terms, including deposit arrangements
6. Completion: Completion date, time, and location details, including mechanisms for extension if necessary
7. Title and Transfer: Vendor's warranties regarding title and provisions for transfer of ownership
8. Vacant Possession: Obligations regarding delivery of vacant possession upon completion
9. Conditions Precedent: Any conditions that must be satisfied before completion
10. Default Provisions: Consequences of default by either party
11. Stamp Duty: Responsibilities for payment of stamp duty and other transaction costs
12. Governing Law: Confirmation of Hong Kong law as governing law and jurisdiction
13. Execution: Signature blocks and execution formalities
1. Existing Tenancies: Required when the property is sold subject to existing tenancies, detailing tenant rights and obligations
2. Mortgage Status: Required when the property is currently mortgaged, including discharge arrangements
3. Car Parking Space: Required when the sale includes a parking space, detailing its specifics
4. Fixtures and Fittings: Required when specific inclusions or exclusions of fixtures need to be detailed
5. Property Management: Required for properties in managed buildings, detailing management fee arrangements
6. Agent Commission: Required when real estate agents are involved, detailing commission arrangements
7. Representations and Warranties: Additional specific warranties beyond standard title warranties
8. Building Orders: Required when there are outstanding building orders or notices
1. Schedule 1 - Property Details: Detailed property description including lot number, floor area, and building plans
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms and installments
3. Schedule 3 - Included Fixtures and Fittings: Inventory of fixtures and fittings included in the sale
4. Schedule 4 - Existing Tenancy Details: Details of any existing tenancy agreements if applicable
5. Schedule 5 - Property Inspection Report: Results of property inspection if conducted
6. Appendix A - Property Floor Plan: Official floor plan of the property
7. Appendix B - Land Search Documents: Recent land search results showing title details
8. Appendix C - Photographs: Photographs of the property and any specific features or defects
Relevant legal definitions
Agreement
Assignment
Building
Completion
Completion Date
Conditions Precedent
Consideration
Deed of Mutual Covenant
Deposit
Encumbrances
Estate
Government Lease
Government Rent
Hong Kong
Land Registry
Legal Charge
Management Fee
Mortgage
Parties
Property
Purchase Price
Purchaser
Rates
Registration Fees
Schedule
Stamp Duty
Title Documents
Transaction Documents
Vacant Possession
Vendor
Working Day
Assignment
Building
Completion
Completion Date
Conditions Precedent
Consideration
Deed of Mutual Covenant
Deposit
Encumbrances
Estate
Government Lease
Government Rent
Hong Kong
Land Registry
Legal Charge
Management Fee
Mortgage
Parties
Property
Purchase Price
Purchaser
Rates
Registration Fees
Schedule
Stamp Duty
Title Documents
Transaction Documents
Vacant Possession
Vendor
Working Day
Clauses
Sale and Purchase
Property Description
Price and Payment
Deposit
Title and Transfer
Completion
Vacant Possession
Representations and Warranties
Default
Risk and Insurance
Conditions Precedent
Stamp Duty
Costs and Expenses
Assignment
Notices
Force Majeure
Entire Agreement
Severability
Governing Law
Dispute Resolution
Further Assurance
Time of Essence
Joint and Several Liability
Amendments
Schedules and Appendices
Property Description
Price and Payment
Deposit
Title and Transfer
Completion
Vacant Possession
Representations and Warranties
Default
Risk and Insurance
Conditions Precedent
Stamp Duty
Costs and Expenses
Assignment
Notices
Force Majeure
Entire Agreement
Severability
Governing Law
Dispute Resolution
Further Assurance
Time of Essence
Joint and Several Liability
Amendments
Schedules and Appendices
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Property Management
Construction
Property Development
Professional Services
Residential Property
Commercial Property
Relevant Teams
Legal
Real Estate
Compliance
Property Management
Sales
Corporate Services
Risk Management
Commercial
Facilities
Operations
Relevant Roles
Real Estate Agent
Property Lawyer
Conveyancing Solicitor
Property Manager
Real Estate Developer
Bank Manager
Mortgage Advisor
Legal Counsel
Property Consultant
Real Estate Broker
Compliance Officer
Title Officer
Property Valuer
Real Estate Investment Manager
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