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A Letter Of Intent For Property Sale is a crucial preliminary document in Hong Kong's property transaction process, typically used before entering into a formal sale and purchase agreement. It serves to document the serious interest of a potential buyer and outline the key commercial terms of the proposed transaction. While generally non-binding, it demonstrates commitment and can include binding provisions for aspects such as exclusivity and confidentiality. The document is particularly relevant in complex property transactions, commercial real estate deals, or when corporate entities are involved. It helps establish clear communication between parties and provides a structured framework for negotiation, incorporating key considerations under Hong Kong property law and practice.
