Property News · October 15, 2019

Why provisional sales, tenancy agreements for property in Hong Kong must be handled with care


When handling the transaction of second-hand properties in Hong Kong, estate agents may arrange for clients to enter into a provisional agreement for sale and purchase (PASP) or provisional tenancy agreement (PTA).Consumers should note that both are legally binding documents and disputes may easily arise if they are not completed properly. Here, I would like to highlight that estate agents are required to exercise due care and diligence when preparing PASP and PTA for their clients.In order to…

Source : South China Morning Post
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