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Assignment Deed For Resale Flat
"I need an Assignment Deed For Resale Flat for a property in North Point, Hong Kong, with completion scheduled for March 15, 2025; the flat is currently vacant and unencumbered, and I want to include provisions for the associated parking space."
1. Parties: Identifies and defines the Vendor(s) and Purchaser(s) with their full names, ID numbers, and addresses
2. Background: Recitals stating the Vendor's ownership, previous title details, and agreement to sell
3. Definitions: Defines key terms used throughout the deed including 'Property', 'Purchase Price', 'Completion Date'
4. Agreement to Assign: The operative part where Vendor agrees to assign and Purchaser agrees to purchase the Property
5. Consideration: States the purchase price and confirms payment terms
6. Assignment: The actual transfer clause assigning all rights, title and interest in the Property
7. Vendor's Representations and Warranties: Standard warranties about title, encumbrances, and property condition
8. Purchaser's Acknowledgments: Purchaser's confirmation of property inspection and acceptance
9. Completion: Details of completion arrangements and requirements
10. Costs: Allocation of legal costs and stamp duty
11. Execution: Formal execution block for all parties
1. Existing Tenancies: Required if property is subject to existing tenancy agreements
2. Mortgage Discharge: Required if property has an existing mortgage to be discharged
3. Car Parking Space: Required if a parking space is included in the assignment
4. Government Rent and Management Fees: Required for properties subject to government rent or management fees apportionment
5. Power of Attorney: Required if any party is acting through an attorney
6. Spouse Consent: Required if the property is a matrimonial home requiring spouse's consent
7. Additional Property Rights: Required for properties with special rights (e.g., roof rights, garden rights)
1. Schedule 1 - Property Description: Detailed property description including lot number, floor area, and boundaries
2. Schedule 2 - Title Documents: List of all relevant title documents and encumbrances
3. Schedule 3 - Plans: Floor plans and location plans of the property
4. Schedule 4 - Inventory: List of fixtures and fittings included in the sale (if applicable)
5. Appendix 1 - Copy of Government Lease: Copy of relevant sections of Government Lease affecting the property
6. Appendix 2 - Deed of Mutual Covenant: Relevant extracts from the Deed of Mutual Covenant
7. Appendix 3 - Previous Assignment: Copy of the Vendor's Assignment showing chain of title
Authors
Real Estate
Legal Services
Banking & Finance
Property Management
Insurance
Property Development
Professional Services
Construction
Legal
Real Estate
Conveyancing
Property Management
Compliance
Risk Management
Documentation
Operations
Client Relations
Finance
Property Lawyer
Conveyancing Manager
Real Estate Agent
Property Manager
Bank Manager
Mortgage Specialist
Legal Executive
Compliance Officer
Property Valuer
Transaction Manager
Title Insurance Specialist
Real Estate Partner
Property Administrator
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