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Commercial Property Purchase Contract Template for Hong Kong

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Key Requirements PROMPT example:

Commercial Property Purchase Contract

"I need a Commercial Property Purchase Contract for acquiring a 10-story office building in Central, Hong Kong, with completion planned for March 2025; the building has existing tenants and requires specific provisions for property management transition."

Document background
The Commercial Property Purchase Contract is a crucial legal instrument used in Hong Kong for transactions involving commercial real estate. This document is essential when businesses or investors are acquiring commercial properties such as office spaces, retail units, industrial buildings, or mixed-use developments. It must comply with Hong Kong's property law framework, including the Conveyancing and Property Ordinance (Cap. 219) and related legislation. The contract covers all aspects of the transaction from initial agreement through to completion, including due diligence requirements, title verification, payment terms, and property transfer procedures. It is particularly important in Hong Kong's dynamic commercial property market, where transactions often involve significant value and complex legal considerations.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names, registration numbers, and registered addresses

2. Background: Context of the transaction, brief description of the property, and intention of the parties

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price

5. Purchase Price: Details of the purchase price, payment structure, and payment methods

6. Deposits: Amount, timing, and handling of initial and further deposits

7. Conditions Precedent: Conditions that must be satisfied before completion can occur

8. Due Diligence: Buyer's right to investigate title, physical condition, and compliance with regulations

9. Title: Seller's warranties regarding good title and requirements for proving title

10. Completion: Timing, location, and procedures for completion of the sale

11. Representations and Warranties: Standard and specific warranties from both parties

12. Default: Consequences and remedies for breach of contract

13. Miscellaneous: Standard boilerplate provisions including notices, governing law, etc.

Optional Sections

1. Existing Tenancies: Required when the property is sold subject to existing lease agreements

2. Planning and Development: Needed when the property involves ongoing or planned development works

3. Environmental Matters: Required when there are environmental concerns or compliance requirements

4. Property Management: Include when dealing with multi-tenant commercial buildings

5. Tax Provisions: Detailed section needed for complex tax arrangements or special duty considerations

6. Financing Conditions: Required when purchase is contingent on obtaining financing

7. Break Clause: Optional provision allowing parties to terminate under specific circumstances

Suggested Schedules

1. Property Description: Detailed description of the property including boundaries, floor plans, and registered details

2. Title Documents: List of title documents and certified copies to be delivered

3. Fixtures and Fittings: Inventory of included and excluded items

4. Due Diligence Results: Summary of investigations and outstanding matters

5. Existing Tenancies Schedule: Details of current lease agreements and tenant information

6. Completion Requirements: Checklist of documents and requirements for completion

7. Forms and Notices: Standard forms required for property transfer in Hong Kong

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






































Clauses






























Relevant Industries

Real Estate

Commercial Property

Property Development

Banking & Finance

Legal Services

Property Investment

Retail

Hospitality

Manufacturing

Professional Services

Relevant Teams

Legal

Real Estate

Finance

Operations

Facilities Management

Risk & Compliance

Corporate Development

Asset Management

Investment

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Property Manager

Real Estate Director

Legal Counsel

Corporate Lawyer

Property Investment Manager

Facilities Manager

Commercial Director

Development Director

Asset Manager

Risk Manager

Company Secretary

Operations Director

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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