Document background
The Conditional Deed of Sale is a crucial legal instrument in Hong Kong property transactions where the completion of the sale is subject to specific conditions being fulfilled. This document is commonly used in situations where certain prerequisites must be met before the property transfer can be finalized, such as obtaining planning permission, securing financing, or completing due diligence. The deed must comply with Hong Kong's Conveyancing and Property Ordinance and related regulations, including specific requirements for deed execution and registration. It typically includes detailed provisions about the property, conditions precedent, timelines for fulfillment, consequences of non-fulfillment, and completion procedures. This type of deed offers protection to both parties by clearly defining their rights and obligations while establishing the framework for the conditional property transfer.
