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Standard Property Sale Contract
I need a Standard Property Sale Contract for a residential apartment in Hong Kong Island, with completion scheduled for March 2025, including specific provisions for existing tenancy and mortgage arrangements.
1. Parties: Identification and details of the Vendor and Purchaser
2. Background: Context of the transaction and brief property overview
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core agreement for the sale and purchase of the property
5. Purchase Price: Purchase price, payment schedule, and deposit arrangements
6. Completion: Completion date, requirements, and procedures
7. Property Title: Vendor's title warranties and requirements for proving good title
8. Vendor's Representations and Warranties: Standard warranties about the property's condition and legal status
9. Requisitions and Title Defects: Process for raising and addressing title issues
10. Risk and Insurance: Property risk allocation and insurance requirements
11. Default Provisions: Consequences of default by either party
12. Stamp Duty: Responsibilities for stamp duty payment
13. Miscellaneous: Standard boilerplate provisions including notices, governing law, etc.
1. Existing Tenancy: Required when the property is sold subject to an existing tenancy
2. Renovation and Fixtures: Used when specific arrangements are made about existing or planned renovations
3. Car Parking Space: Required when a parking space is included in the sale
4. Mortgage Arrangements: Included when the purchase is subject to mortgage financing
5. Government Grant Conditions: Required for properties subject to specific government grant conditions
6. Management Fees: Details of management fee arrangements and outstanding charges
7. Vacant Possession: Specific terms for delivering vacant possession
8. Commission Arrangements: Required when dealing with estate agent commission terms
1. Schedule 1 - Property Details: Detailed description of the property including address, lot number, and registered details
2. Schedule 2 - Purchase Price Payment Schedule: Breakdown of payment installments and timing
3. Schedule 3 - Completion Requirements: List of documents required for completion
4. Schedule 4 - Fixtures, Fittings and Chattels: Inventory of items included/excluded in the sale
5. Appendix A - Property Floor Plan: Floor plan showing the layout and dimensions of the property
6. Appendix B - Title Documents: Copies of relevant title documents
7. Appendix C - Existing Tenancy Agreement: Copy of current tenancy agreement if applicable
8. Appendix D - Property Photographs: Recent photographs of the property condition
Authors
Assignment
Building
Business Day
Car Parking Space
Completion
Completion Date
Consideration
Deed of Mutual Covenant
Deposit
Development
Encumbrances
Estate
Government Grant
Government Lease
Land Registry
Management Agreement
Management Charges
Management Company
Mortgage
Order and Regulations
Part
Parties
Property
Purchase Price
Purchaser
Rates
Requisitions
Schedule
Special Conditions
Stamp Duty
Title Documents
Transaction Documents
Undivided Shares
Vacant Possession
Vendor
Working Day
Title and Documents
Property Condition
Payment Terms
Deposit
Completion
Vacant Possession
Representations and Warranties
Risk and Insurance
Default and Termination
Stamp Duty
Assignment
Registration
Property Management
Inspection Rights
Encumbrances
Requisitions
Utilities and Outgoings
Force Majeure
Time of Essence
Notices
Costs and Expenses
Governing Law
Dispute Resolution
Entire Agreement
Severability
Further Assurance
Successors and Assigns
Real Estate
Legal Services
Banking and Finance
Property Development
Property Management
Construction
Investment
Professional Services
Legal
Real Estate
Conveyancing
Property Management
Compliance
Sales
Contract Administration
Property Development
Finance
Risk Management
Real Estate Lawyer
Property Solicitor
Conveyancing Manager
Legal Counsel
Estate Agent
Property Manager
Banking Officer
Mortgage Specialist
Legal Executive
Compliance Officer
Property Developer
Investment Manager
Real Estate Broker
Title Officer
Contract Administrator
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