A Deed of Sale Condominium is essential for any transfer of condominium ownership in Hong Kong's property market. This document is used when selling or purchasing a condominium unit and must comply with Hong Kong's property laws and regulations, including the Conveyancing and Property Ordinance (Cap. 219) and Building Management Ordinance (Cap. 344). The deed contains crucial information about the property, including its exact specifications, share of common areas, management fee obligations, and any encumbrances. It serves as the official record of property transfer and must be properly executed and registered with the Hong Kong Land Registry. The document is particularly important given Hong Kong's complex property ownership system and the prevalence of high-rise residential buildings.
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1. Parties: Identification of the Vendor and Purchaser with full legal names and addresses
2. Background: Recitals explaining the ownership status of the property and intention to sell
3. Definitions: Definitions of key terms used throughout the deed including Property, Common Areas, Management Fees, etc.
4. Property Details: Detailed description of the condominium unit, including lot number, floor area, and share of common areas
5. Consideration: Purchase price, payment terms, and method of payment
6. Title and Transfer: Warranties of title and terms of property transfer
7. Completion: Details of the completion process, timing, and requirements
8. Vendor's Representations and Warranties: Warranties regarding property condition, title, encumbrances, and compliance with laws
9. Purchaser's Representations and Warranties: Confirmations regarding purchase capability and compliance with terms
10. Property Management: Terms regarding management fees, sinking fund, and building maintenance obligations
11. Execution Requirements: Formal requirements for deed execution, including witnessing and sealing
1. Mortgage Details: Include when the property is subject to an existing mortgage or the purchase is mortgage-financed
2. Renovation Agreements: Include when there are existing renovation works or agreements about future renovations
3. Tenancy Details: Include when the property is subject to existing tenancy
4. Car Parking Space: Include when the sale includes parking space(s)
5. Special Conditions: Include when there are unique terms specific to the transaction
6. Stamp Duty Declaration: Include when specific stamp duty arrangements need to be documented
7. Vacant Possession: Include when specific terms about vacancy and possession timing need to be addressed
1. Schedule 1 - Property Description: Detailed technical description of the property including boundaries, measurements, and floor plans
2. Schedule 2 - Inventory: List of fixtures, fittings, and furnishings included in the sale
3. Schedule 3 - Title Documents: List of relevant title documents and encumbrances
4. Schedule 4 - Management Rules: Building management rules and regulations affecting the property
5. Appendix A - Floor Plan: Official floor plan of the condominium unit
6. Appendix B - Location Plan: Plan showing the location of the unit within the building
7. Appendix C - Payment Schedule: Detailed schedule of payment installments if applicable
8. Appendix D - Photographs: Current photographs of the property condition (if agreed by parties)
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