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Purchase Deed

Purchase Deed Template for Hong Kong

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Key Requirements PROMPT example:

Purchase Deed

"I need a Purchase Deed for buying a residential flat in Tsim Sha Tsui, Hong Kong, with completion scheduled for March 15, 2025; the property is currently owner-occupied and will be sold with vacant possession."

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Document background
A Purchase Deed is the primary document used in Hong Kong real estate transactions to transfer property ownership. It is essential when any real property is being sold and purchased, whether residential, commercial, or industrial. The document must comply with Hong Kong's Conveyancing and Property Ordinance (Cap. 219) and related legislation, requiring careful drafting to ensure all legal requirements are met. The deed includes crucial details such as the property's description, purchase price, warranties about title, and completion arrangements. It must be properly executed as a deed and registered with the Hong Kong Land Registry to protect the purchaser's interests. This document is particularly important as it serves as conclusive evidence of the property transfer and the terms under which it occurred.
Suggested Sections

1. Parties: Full legal names and addresses of the Vendor and Purchaser

2. Background: Recitals stating the Vendor's ownership and authority to sell, and intention to sell to the Purchaser

3. Definitions: Definitions of key terms used throughout the deed

4. Agreement to Sell and Purchase: Core agreement clause stating the sale and purchase of the property

5. Consideration: Purchase price and payment terms

6. Property Description: Brief description of the property being sold (with full details in Schedule 1)

7. Title Guarantee: Vendor's warranties regarding good title and right to sell

8. Completion: Date, time, and place of completion, and completion obligations

9. Vendor's Covenants: Vendor's promises regarding the property and title

10. Risk and Insurance: Provisions about when risk passes to the Purchaser

11. Execution: Formal execution blocks for all parties

Optional Sections

1. Existing Tenancies: Required when the property is sold subject to existing tenancies, detailing tenant rights and obligations

2. Mortgage Discharge: Include when the property is being sold subject to an existing mortgage that needs to be discharged

3. Planning Permissions: Required when the property involves specific planning permissions or restrictions

4. Assignment of Warranties: Include for newer properties where construction warranties are being assigned

5. Post-Completion Obligations: Include when there are specific obligations that survive completion

6. Tax Declarations: Required when special stamp duty or buyer's stamp duty considerations apply

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description including lot number, address, and registered particulars

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

3. Schedule 3 - Fixtures and Fittings: Inventory of fixtures and fittings included in the sale

4. Schedule 4 - Existing Tenancies: Details of any existing tenancy agreements (if applicable)

5. Appendix A - Property Plans: Floor plans and location plans of the property

6. Appendix B - Relevant Certificates: Copies of occupation permit and other relevant certificates

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

Property Development

Construction

Banking and Finance

Legal Services

Property Investment

Commercial Property

Residential Property

Real Estate Investment Trusts (REITs)

Property Management

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Corporate Secretarial

Investment

Operations

Risk Management

Finance

Business Development

Relevant Roles

Real Estate Lawyer

Property Lawyer

Conveyancing Solicitor

Legal Counsel

Property Manager

Real Estate Agent

Property Developer

Company Director

Legal Director

Compliance Officer

Real Estate Investment Manager

Property Investment Advisor

Company Secretary

Real Estate Transaction 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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