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Real Estate Purchase Contract Addendum for Hong Kong

Real Estate Purchase Contract Addendum Template for Hong Kong

A legal document governed by Hong Kong law that modifies or supplements an existing real estate purchase agreement. This document is used to formalize changes to the original purchase contract, such as modifications to purchase price, completion date, property specifications, or other terms and conditions. It must comply with Hong Kong's property laws, including the Conveyancing and Property Ordinance (Cap. 219) and related regulations, and requires proper execution by all parties to be legally binding. The addendum becomes an integral part of the original purchase agreement and must be read in conjunction with it.

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What is a Real Estate Purchase Contract Addendum?

The Real Estate Purchase Contract Addendum is a crucial document used in Hong Kong property transactions when modifications to an existing purchase agreement become necessary. It's commonly required when circumstances change between the initial contract signing and completion, such as adjustments to purchase price, completion timeline, or property specifications. This document must comply with Hong Kong's legal framework, particularly the Conveyancing and Property Ordinance (Cap. 219) and related regulations. The addendum serves to formally document changes while maintaining the validity of the original agreement's unchanged terms. It's essential for risk management and legal compliance in property transactions, requiring careful drafting to ensure enforceability and clear interpretation under Hong Kong law.

What sections should be included in a Real Estate Purchase Contract Addendum?

1. Parties: Identification of all parties to the original purchase agreement and any new parties being added through the addendum

2. Background: Reference to the original purchase agreement including its date and key details, and the reason for this addendum

3. Definitions: Key terms used in the addendum, including references to defined terms in the original agreement

4. Amendments to Original Agreement: Specific modifications to the original purchase agreement, clearly stating which sections are being modified, deleted, or added

5. Confirmation of Other Terms: Statement confirming that all other terms of the original agreement remain unchanged and in full force and effect

6. Governing Law: Confirmation that the addendum is governed by Hong Kong law

7. Execution: Signature blocks for all parties and execution requirements

What sections are optional to include in a Real Estate Purchase Contract Addendum?

1. Additional Representations and Warranties: Used when new representations or warranties need to be added to the original agreement

2. Price Adjustment: Include when the addendum involves changes to the purchase price or payment terms

3. Completion Date Modification: Used when changing the completion date or related timelines

4. Property Modifications: Include when there are changes to the property description or included items

5. Conditions Precedent: Used when adding new conditions that must be satisfied before completion

6. Stamp Duty Arrangements: Include when the addendum affects stamp duty obligations or arrangements

7. Third Party Consents: Used when the modifications require additional third party approvals

What schedules should be included in a Real Estate Purchase Contract Addendum?

1. Schedule of Amendments: Detailed list of specific amendments to the original agreement, referenced by clause number

2. Updated Property Details: If applicable, revised description of the property or modified included items

3. Revised Payment Schedule: If applicable, modified payment terms or schedule

4. Form of Notices: Updated notice requirements or contact information for the parties

5. Consent Documents: Copies of any required third party consents or approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions





























Clauses
























Relevant Industries

Real Estate

Banking & Finance

Property Development

Construction

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Legal Services

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Facilities

Operations

Investment

Risk Management

Finance

Business Development

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Conveyancing Lawyer

Compliance Officer

Real Estate Agent

Property Developer

Investment Manager

Facilities Manager

Contract Manager

Real Estate Investment Manager

Property Acquisition Manager

Real Estate Operations Director

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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