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The Simple Agreement of Sale (Real Estate) is a fundamental document in Hong Kong property transactions, used when transferring ownership of real estate from one party to another. This agreement is particularly suited for straightforward property transactions where standard terms and conditions apply, without complex commercial arrangements or unusual conditions. It complies with Hong Kong's property law framework, particularly the Conveyancing and Property Ordinance (Cap. 219) and related legislation. The document captures essential elements such as party details, property description, purchase price, payment terms, completion arrangements, and standard warranties. While simpler than agreements used for commercial properties or complex developments, it still provides comprehensive protection for both parties and ensures the transaction meets all legal requirements for property transfer in Hong Kong.

1. Parties: Identification of the Vendor and Purchaser, including full legal names, identification numbers, and addresses

2. Background: Brief context of the transaction and property being sold

3. Definitions: Key terms used throughout the agreement including 'Property', 'Completion Date', 'Purchase Price', etc.

4. Sale and Purchase: Core agreement to sell and purchase the property at the specified price

5. Purchase Price: Details of the purchase price, payment terms, and deposit arrangements

6. Completion: Completion date, time, and location details, including mechanics of completion

7. Title: Vendor's warranty of good title and purchaser's right to investigate title

8. Property Condition: State and condition of the property upon sale, including fixtures and fittings

9. Vacant Possession: Obligation to deliver vacant possession upon completion

10. Representations and Warranties: Standard warranties about the property's status, encumbrances, and compliance with laws

11. Default: Consequences of default by either party

12. Notices: How formal notices under the agreement should be given

13. Governing Law: Confirmation that Hong Kong law governs the agreement