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A Real Estate Sale Contract is the binding legal agreement between a property buyer and seller in Hong Kong that spells out the terms of their property transaction. It details the agreed purchase price, payment schedule, completion date, and specific conditions that both parties must meet before the sale can go through.

Under Hong Kong's Conveyancing and Property Ordinance, this contract must be in writing and include precise details about the property, including its lot number, address, and any included fixtures or fittings. Once both parties sign it, the contract becomes legally binding and sets the formal process of property transfer in motion through their respective solicitors.

You need a Real Estate Sale Contract any time you're buying or selling property in Hong Kong - from residential apartments to commercial buildings. This legally required document protects both parties by clearly stating what's being sold, for how much, and under what conditions.

Getting this contract in place early helps avoid disputes and ensures compliance with Hong Kong's property laws. It's essential to have it ready before making any deposit payments or proceeding with formal property registration. Many property agents and solicitors recommend finalizing this contract right after price negotiations but before any money changes hands.

• Purchase And Sale Agreement: Standard comprehensive contract for most property transactions, covering all basic sale terms and conditions
• Real Estate Agreement Contract: Detailed version often used for complex commercial properties with specific terms about tenant rights and building management
• Agreement To Sell Property: Simplified format for straightforward residential sales with standard terms
• House Sale Agreement Form: Specialized for house sales with provisions for land rights and structural conditions
• Deed Of Sale Of Portion Of Land: Specific to land subdivision sales with surveying and zoning details

• Property Buyers and Sellers: The main parties who sign the Real Estate Sale Contract and are legally bound by its terms
• Property Solicitors: Legal professionals who draft and review the contract, ensuring it meets Hong Kong property law requirements
• Real Estate Agents: Help negotiate terms and coordinate between parties, but cannot legally draft the contract
• Banks and Mortgage Lenders: Review the contract terms when providing financing for the purchase
• Property Surveyors: Provide technical details about the property that must be included in the contract
• Land Registry Officials: Process and record the contract as part of the property transfer

• Property Details: Gather the exact address, lot number, and property identification from Land Registry records
• Party Information: Collect full legal names, HKID/passport numbers, and contact details of all buyers and sellers
• Purchase Terms: Document the agreed price, payment schedule, and completion date
• Property Condition: List any included fixtures, fittings, or specific exclusions from the sale
• Special Conditions: Note any specific requirements like existing tenancies or needed repairs
• Document Review: Verify all details match the provisional agreement and property records
• Final Check: Use our platform to generate a legally compliant contract that includes all required elements

• Party Details: Full legal names and identification numbers of buyer and seller, with signing capacity clearly stated
• Property Description: Exact address, lot number, and registered details from Land Registry records
• Purchase Price: Clear statement of consideration, payment terms, and deposit arrangements
• Completion Terms: Specific date and conditions for property handover
• Title Guarantee: Seller's warranty of good title and disclosure of encumbrances
• Default Provisions: Consequences and remedies for breach by either party
• Special Conditions: Any specific terms about fixtures, fittings, or existing tenancies
• Governing Law: Statement confirming Hong Kong law applies to the agreement

A Real Estate Sale Contract differs significantly from a Contract to Sell in several important ways, though they're often confused in Hong Kong property transactions. The key distinction lies in when ownership transfers and the level of commitment involved.

• Timing of Transfer: A Real Estate Sale Contract immediately transfers property ownership upon completion, while a Contract to Sell only creates a promise to transfer ownership in the future
• Legal Effect: Sale Contracts create immediate binding obligations and property rights, whereas Contracts to Sell establish preliminary commitments that may have conditions
• Payment Structure: Sale Contracts typically involve immediate or short-term payment schedules, while Contracts to Sell often include longer-term installment arrangements
• Registration Requirements: Sale Contracts must be registered with the Land Registry, but Contracts to Sell usually don't require immediate registration