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Commercial Real Estate Sales Contract

Commercial Real Estate Sales Contract Template for Hong Kong

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Key Requirements PROMPT example:

Commercial Real Estate Sales Contract

"I need a Commercial Real Estate Sales Contract for the purchase of a 20-story office building in Tsim Sha Tsui, Hong Kong, with existing tenants who will remain in place after the sale, with completion scheduled for March 2025."

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Document background
The Commercial Real Estate Sales Contract is a fundamental document used in Hong Kong for transferring ownership of commercial properties. It's essential for any business-to-business property transaction in Hong Kong's dynamic real estate market, whether involving office spaces, retail units, industrial buildings, or other commercial properties. The document must comply with Hong Kong's sophisticated property law system, which combines common law principles with specific local regulations such as the Conveyancing and Property Ordinance (Cap. 219) and the Land Registration Ordinance (Cap. 128). This contract type is particularly important given Hong Kong's status as a major commercial hub, where property transactions often involve substantial investments and require careful attention to legal and regulatory requirements, including stamp duty obligations and property rights considerations.
Suggested Sections

1. Parties: Identification of the Vendor and Purchaser, including full legal names, registration numbers for companies, and registered addresses

2. Background: Context of the transaction, including brief description of the property and purpose of the agreement

3. Definitions: Definitions of 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, including the exact description of what is being sold

5. Purchase Price: Statement of the purchase price, payment terms, and deposit arrangements

6. Conditions Precedent: Any conditions that must be satisfied before completion can occur

7. Title and Property Matters: Vendor's warranties regarding title, encumbrances, and property condition

8. Pre-Completion Obligations: Obligations of both parties before completion, including property maintenance and access rights

9. Completion: Details of the completion process, timing, and requirements

10. Post-Completion Matters: Obligations after completion, including handover of documents and keys

11. Default and Termination: Consequences of default by either party and termination rights

12. Stamp Duty: Responsibilities for payment of stamp duty and other taxes

13. Notices: How formal notices under the agreement should be given

14. General Provisions: Standard boilerplate clauses including governing law, entire agreement, etc.

Optional Sections

1. Tenancies: Required if the property is sold subject to existing tenancies, detailing treatment of rental deposits and ongoing leases

2. Property Management: Required for properties in multi-unit buildings, addressing management fees and obligations

3. Car Parking Spaces: Required if car parking spaces are included in the sale

4. Fixtures and Fittings: Required if specific fixtures and fittings are included or excluded from the sale

5. Environmental Matters: Required if there are specific environmental concerns or requirements

6. Planning Permissions: Required if the property requires specific planning permissions or has development potential

7. VAT/GST: Required if the transaction is subject to value-added tax or goods and services tax

8. Building Orders: Required if there are outstanding building orders or unauthorized structures

Suggested Schedules

1. Property Description: Detailed description of the property including lot number, floor area, and boundaries

2. Title Documents: List of all relevant title documents and encumbrances

3. Fixtures, Fittings and Equipment: Inventory of items included in the sale

4. Existing Tenancies: Details of any existing tenancy agreements affecting the property

5. Property Certificates: Copies of relevant certificates including occupation permit and deed of mutual covenant

6. Floor Plans: Detailed floor plans of the property

7. Form of Transfer Deed: Template for the legal transfer document

8. Outstanding Orders: List of any outstanding government or statutory orders affecting the property

9. Property Management Details: Details of management fees, sinking fund, and other ongoing charges

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions












































Clauses







































Relevant Industries

Real Estate

Commercial Property

Property Development

Banking and Finance

Retail

Hospitality

Industrial

Healthcare

Education

Professional Services

Logistics and Warehousing

Technology

Relevant Teams

Legal

Real Estate

Finance

Compliance

Operations

Risk Management

Facilities Management

Corporate Secretarial

Investment

Asset Management

Property Development

Transaction Advisory

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Real Estate Director

Property Manager

Legal Counsel

Commercial Director

Investment Manager

Asset Manager

Facilities Manager

Risk Manager

Company Secretary

Finance Director

Operations Director

Property Development Manager

Compliance Officer

Real Estate Consultant

Transaction Manager

Portfolio Manager

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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