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Home Selling Contract
"I need a standard Home Selling Contract for my three-bedroom apartment in North Point, Hong Kong, with completion scheduled for March 2025; the property is currently tenanted so we need to include provisions for handling the existing lease."
1. Parties: Identification and details of the vendor and purchaser
2. Background: Context of the transaction and brief property overview
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including lot number, address, and registered details
5. Purchase Price: Agreed purchase price and payment structure including deposits and completion payment
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
7. Completion: Completion date, procedures, and requirements for closing the transaction
8. Title and Transfer: Vendor's warranty of good title and procedures for title transfer
9. Vendor's Representations and Warranties: Warranties regarding property condition, ownership, and encumbrances
10. Purchaser's Representations and Warranties: Purchaser's confirmations regarding financial capacity and understanding of property condition
11. Stamp Duty: Responsibilities for payment of various applicable stamp duties
12. Default and Termination: Consequences of default by either party and termination provisions
13. Miscellaneous: Standard provisions including notices, governing law, and entire agreement clause
1. Existing Tenancy: Required when the property is sold with sitting tenants, detailing tenancy terms and handover arrangements
2. Renovation Works: Include when specific renovation or repair works are to be completed before completion
3. Car Parking Space: Required when the sale includes a parking space, detailing its specifics and transfer terms
4. Mortgage Status: Include when the property has an existing mortgage that needs to be discharged
5. Property Management: Required for properties in managed buildings, detailing management fees and arrangements
6. Furniture and Fittings: Include when the sale includes specific furniture or fittings
7. Pre-existing Defects: Required when there are known defects that need to be acknowledged
8. Special Conditions: Include when there are unique circumstances affecting the sale
1. Schedule 1 - Property Details: Detailed property description including floor plan and building specifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and timing
3. Schedule 3 - Included Fixtures and Fittings: Inventory of fixtures and fittings included in the sale
4. Schedule 4 - Excluded Items: List of items specifically excluded from the sale
5. Schedule 5 - Property Inspection Report: Results of property inspection and condition assessment
6. Schedule 6 - Existing Tenancy Details: Copy of existing tenancy agreement and relevant details if applicable
7. Appendix A - Property Title Documents: Copies of relevant title documents and land search results
8. Appendix B - Floor Plans: Detailed floor plans and architectural drawings
9. Appendix C - Photographs: Recent photographs of the property and any notable features
Authors
Real Estate
Legal Services
Financial Services
Property Management
Insurance
Banking
Professional Services
Legal
Real Estate
Compliance
Property Management
Sales
Customer Relations
Documentation
Risk Management
Operations
Real Estate Lawyer
Property Lawyer
Conveyancing Solicitor
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Property Transaction Manager
Real Estate Transaction Coordinator
Banking Relationship Manager
Mortgage Specialist
Property Valuer
Legal Assistant
Paralegal
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