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Gift Deed For Immovable Property
"I need a Gift Deed for Immovable Property under Hong Kong law to transfer my residential flat in North Point to my daughter, with completion planned for March 2025; the property has an existing mortgage that needs to be discharged before transfer."
1. Parties: Identification of the Donor (person giving the property) and Donee (person receiving the property), including their full names, addresses, and HKID/passport numbers
2. Background: Context of the gift, relationship between parties, and brief description of the property being transferred
3. Definitions: Definitions of key terms used throughout the deed
4. Property Details: Comprehensive description of the property including lot number, address, and registered details as per Hong Kong Land Registry
5. Declaration of Gift: Clear statement of the donor's intention to gift the property absolutely and irrevocably to the donee
6. Consideration: Statement confirming this is a deed of gift without monetary consideration
7. Donor's Warranties: Warranties regarding ownership, right to transfer, and property condition
8. Transfer of Title: Terms of actual transfer and timing of transfer completion
9. Registration and Costs: Provisions regarding property registration and responsibility for associated costs
10. Execution: Formal execution clause meeting Hong Kong's legal requirements for deeds
1. Existing Encumbrances: Details of any existing mortgages, charges, or encumbrances affecting the property - include if applicable
2. Special Conditions: Any special conditions attached to the gift - include if donor wishes to impose specific conditions
3. Tax Declarations: Specific declarations regarding stamp duty or other tax matters - include if tax implications need to be addressed
4. Power of Attorney: Authorization for specific actions - include if any party is acting through an attorney
5. Possession and Keys: Details about handover of physical possession - include if immediate physical transfer is involved
6. Governing Law and Jurisdiction: While Hong Kong law is implied, include if explicit confirmation is desired
1. Property Schedule: Detailed property description including boundary plans, floor plans, and exact measurements
2. Title Documents: List of all relevant title documents and their particulars
3. Inventory: List of any fixtures and fittings included in the gift, if applicable
4. Land Search Results: Recent land search results showing current ownership and encumbrances
5. Property Photographs: Recent photographs of the property for identification purposes
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Real Estate Director
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Family Office Manager
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