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Home Selling Contract Template for Hong Kong

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Key Requirements PROMPT example:

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."

Document background
The Home Selling Contract is a fundamental legal document used in Hong Kong real estate transactions to formalize the sale and purchase of residential properties. This contract is essential whenever a residential property transfer occurs in Hong Kong, whether it involves private homes, apartments, or other residential units. The document must comply with Hong Kong's legal framework, particularly the Conveyancing and Property Ordinance, Stamp Duty Ordinance, and Land Registration Ordinance. It includes crucial details such as property specifications, purchase price, payment terms, completion arrangements, and warranties, while addressing Hong Kong-specific requirements like stamp duty obligations and Land Registry procedures. The Home Selling Contract serves as the primary instrument for protecting both vendors' and purchasers' interests while ensuring a legally compliant property transfer in the Hong Kong real estate market.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Legal Services

Financial Services

Property Management

Insurance

Banking

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Customer Relations

Documentation

Risk Management

Operations

Relevant Roles

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

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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