(Cap 511, sections 37, 44, 46 and 56) [1 November 1999] L.N. 190 of 1999 (L.N. 124 of 1999) Cap 511C s 1 (Omitted as spent) (Omitted as spent) Cap 511C s 2 Interpretation (1) In this Regulation, unless the context otherwise requires- "authorized institution" (认可机构) means an authorized institution within the meaning of the Banking Ordinance (Cap 155); "estate agency agreement" (地产代理协议) means an estate agency agreement in a form prescribed under section 3(1); "form" (表格) means a form specified in the Schedule; "instruction" (指示) means an instruction (whether oral or written) from a client or, where the context requires, a principal agent, for carrying out estate agency work for and on behalf of the client; "offer" (要约) means a proposal (whether oral or written) made by an offeror in respect of the acquisition or disposition of a residential property in which the offeror has instructed a licensee to communicate to a vendor or purchaser with a view to concluding a transaction; "practicable" (切实可行) means reasonably practicable; "principal agent" (主代理) means a licensee who takes instructions directly from a vendor or purchaser; "residential property" (住宅物业) means a property in Hong Kong used wholly or primarily for human habitation; "self-contained unit" (独立单位) means an independent dwelling with separate cooking facilities and bathroom with or without lavatory; "sub-listing agent" (分销放盘代理) means a licensee who obtains an instruction from a principal agent in respect of the listing of a residential property; "working day" (工作日) means any day other than a public holiday and other than a gale warning day or black rainstorm warning day within the meaning of section 71(2) of the Interpretation and General Clauses Ordinance (Cap 1). (2) In this Regulation- (a) the term "form" followed by a number is a reference to the form bearing that number; (b) a reference to the supply of a form means the supply of the form in accordance with section 3(2) and, if applicable, section 3(3). (L.N. 176 of 1999)(3) In this Regulation, references to a residential property include, in relation to an estate agency agreement, whichever of the following as is appropriate having regard to the agreement, namely the whole or any part of the residential property to which the agreement relates or, in case the agreement relates to 2 or more distinct residential properties, all of those properties when taken together as a whole, the whole of each of any 1 or more of those properties and part of any 1 or more, or all, of those properties. Cap 511C s 3 Forms (1) Subject to subsection (4), the forms are prescribed for the purposes of the Ordinance and, accordingly- (a) the information (including particulars and other matters) required to be included in those forms; and (b) the requirements to be complied with as specified in those forms,are also prescribed for those purposes. (2) A form to be supplied under this Regulation shall be- (a) completed in accordance with such directions and instructions as are specified in the form; (b) accompanied by such documents as are specified in the form; and (c) if the completed form is required to be provided to a person, so provided in the manner, if any, specified in the form.(3) A licensee supplying a form pursuant to this Regulation shall- (a) obtain the information required to be included in the form as soon as is practicable; and (b) ensure the accuracy of the information so obtained and of any other information included in the form.(4) The forms are not prescribed for the purposes of the Ordinance in the case of- (a) the sale and purchase or leasing of a car parking space carried out separately from the sale and purchase or leasing of a residential property; (b) the leasing of a residential property that is not a self-contained unit; or (c) subject to section 7(1), a first sale of an undivided share in land in which a residential property forms part. Cap 511C s 4 Guidelines as to professional standards (1) The Authority may, with the approval of the Secretary, for the purpose of providing practical guidance for licensees, issue guidelines specifying any conduct or practice which the Authority considers is a professional standard that ought to be followed by licensees in the course of exercising or carrying on the business of doing estate agency work, or in the course of acting as a salesperson, as the case may be. (2) The other provisions of this Regulation shall not affect the generality of subsection (1). Cap 511C s 5 Licensed estate agents and salespersons to inform clients they are licensed (1) A licensed estate agent shall not cause or permit a person to become his client before the person is informed- (a) that the agent is a licensed estate agent; and (b) of the number of the estate agent's licence held by the agent.(2) A licensed salesperson shall not do any estate agency work for a person before the person is informed- (a) that the salesperson is a licensed salesperson; and (b) of the number of the salesperson's licence held by the salesperson. Cap 511C s 6 Use of estate agency agreement (1) A licensed estate agent who acts for a vendor shall enter into an estate agency agreement with the vendor- (a) within 7 working days after accepting an instruction to sell or lease the residential property concerned; (b) prior to advertising the property for sale or lease; or (c) prior to signing an agreement for sale and purchase or a lease of the property,whichever is the earlier. (2) A licensed estate agent who acts for a purchaser shall enter into an estate agency agreement with the purchaser prior to- (a) arranging an inspection of the residential property concerned by the purchaser; or (b) signing an agreement for sale and purchase or a lease of the property,whichever is the earlier. (3) A licensee shall, before a person who is not legally represented enters into an estate agency agreement in relation to a residential property- (a) explain to the person the different types of agency appointment in the agreement and their respective implications and effects on the person; (b) explain to the person every term and condition set out in the agreement to ensure that the person is made aware of his rights and obligations under the agreement; and (c) recommend that the person seek legal advice if the person does not understand any part of the explanation given under paragraph (a) or (b). Cap 511C s 7 First sale of undivided share in land in which residential property forms part (1) A licensed estate agent shall not enter into an agreement (not being an estate agency agreement) with a vendor in a first sale of an undivided share in land in which a residential property forms part unless the agreement states- (a) that the agent shall obtain the information required to be included in Part 1 of Form 1- (i) subject to subparagraph (ii), in accordance with the provisions of that form; (ii) from the vendor in the case of any such information which he is unable to obtain in accordance with those provisions after taking all reasonable steps and exercising all due diligence to do so;(b) that the agent shall be supplied with Part 2 of Form 1 from the vendor unless the property is a unit in an uncompleted building; (c) subject to subsection (2), whether the agent is also permitted to act for the purchaser; and (d) that if the agent also acts for the purchaser, then he shall disclose in writing any pecuniary or other beneficial interest he has in the property in the agreement or when the interest subsequently arises.(2) Section 36(1)(a)(vii) of the Ordinance shall apply to an agreement (not being an estate agency agreement) entered into by a licensed estate agent with a client in relation to a residential property as it applies to an estate agency agreement entered into by a licensed estate agent with a client in relation to such a property. Cap 511C s 8 Seeking instructions (1) When seeking an instruction from a client, a licensee shall not supply any information to the client which is false or misleading in a material particular in relation to a residential property. (2) (a) A licensed estate agent shall keep a record of all listings of residential properties received by the agent, and keep a copy of all estate agency agreements entered into in relation to residential properties, for not less than 3 years after the listings were received or the agreements entered into, as the case may be. (b) Any officer of the Authority authorized in writing by the Authority for the purpose shall have the right to inspect a record kept under paragraph (a) at any time during ordinary office hours without prior notice. (c) A licensee shall answer any question and supply any information requested by any officer of the Authority in relation to an inspection under paragraph (b).(3) A licensee shall not pass to a sub-listing agent any information of a vendor or his residential property supplied by the vendor without the prior written consent of the vendor. (4) A licensee shall not solicit an instruction from a vendor if he knows, or ought reasonably to know, that the residential property concerned is subject to an instruction exclusively granted to another licensed estate agent under an executed estate agency agreement unless the licensee has drawn to the attention of the vendor that the vendor may be liable for additional commission if he signs another estate agency agreement in respect of the property. Cap 511C s 9 Advertising (1) A licensed estate agent shall not cause or permit to be issued an advertisement wholly or partly relating to his estate agency business which includes any statement or particular that is false or misleading in a material particular. (2) A licensed estate agent shall obtain a vendor's written consent prior to the issue of an advertisement in respect of the vendor's residential property. (3) A licensed estate agent shall not cause or permit to be advertised a residential property in respect of which he is acting as such agent at a price or rental or on terms different from that instructed by the client concerned. (4) A licensed estate agent shall not cause or permit to be issued an advertisement in respect of a residential property which is to be sublet without the advertisement expressly stating that the property is to be sublet. (5) A licensed estate agent shall remove all advertisements issued or caused to be issued by him as soon as is practicable after- (a) the residential property concerned is no longer available for sale or purchase or leasing; or (b) the termination of the estate agency agreement concerned,whichever is the earlier. (6) For the avoidance of doubt, it is hereby declared that a licensed estate agent who acts as a sub-listing agent shall comply with subsections (3), (4) and (5). Cap 511C s 10 Property inspection and viewing, etc. A licensee shall- (a) assist in making arrangements for the inspection and viewing by a purchaser of a residential property (including a car parking space and common areas if applicable) and accompany the purchaser for such inspection and viewing unless otherwise instructed by the purchaser; (b) not arrange an inspection and viewing by any person of a residential property without the prior consent of the vendor of the property; (c) before the signing of an agreement for sale and purchase or a lease, establish what is to be included in the disposition of the residential property concerned and prepare a written inventory thereof. Cap 511C s 11 Conduct of negotiation A licensee shall- (a) not cause or permit a claim to be made of the existence of an offer from a purchaser unless the offer exists; (b) where information and comparables on residential property prices and rentals have been supplied to a client for reference or comparison, ensure that the information or comparables supplied do not misrepresent the value of the residential property concerned; (c) not exercise any undue influence on a vendor or a purchaser for the purpose of inducing him to enter into an agreement for sale and purchase or a lease; (d) keep a written record of all offers in respect of a residential property; (e) present an offer to a client for acceptance as soon as is practicable after receiving it; (f) subject to section 13(2)(b), inform a client of all offers received in the order he receives them and present them in an objective and unbiased manner. Cap 511C s 12 Keeping of accounts and records (1) (a) A licensed estate agent shall keep proper accounts as to moneys received or held, or paid by the agent, for or on account of clients. (b) Any officer of the Authority authorized in writing by the Authority for the purpose shall have the right to inspect the accounts kept under paragraph (a) at any time during ordinary office hours without prior notice. (c) A licensee shall answer any question and supply any information requested by any officer of the Authority in relation to an inspection under paragraph (b).(2) A licensed estate agent shall- (a) issue a written receipt to a client immediately for any moneys received; and (b) retain a copy of the receipt for not less than 3 years after it is issued.(3) A licensed estate agent shall deposit all moneys received or held for or on account of a client in a trust account maintained at an authorized institution. (4) A licensed estate agent shall retain a copy of the deposit slip of any moneys deposited into a trust account maintained under subsection (3) for not less than 3 years after the deposit was made. (5) A licensed estate agent shall not withdraw money from a trust account maintained under subsection (3) except- (a) in accordance with his client's instructions; and (b) by a cheque or by electronic funds transfer.(6) A licensed estate agent who has neither received nor held money for or on account of a client during any financial year of the agent shall send to the Authority a statutory declaration to that effect- (a) if required to do so by the Authority; and (b) within such period as is specified by the Authority.(7) (a) A licensed estate agent shall only release deposit money in relation to the sale and purchase or lease of a residential property in accordance with- (i) the terms of the agreement for sale and purchase or lease concerned; or (ii) the purchaser's instructions. (b) A licensed estate agent shall ensure that the identity of the vendor and of the owner of the residential property concerned are the same or, if they are different, that the vendor has authority to sell the property, before releasing any money under paragraph (a). (c) A licensed estate agent shall return a purchaser's cheque or deposit money to the purchaser as soon as is practicable if the purchaser's offer to purchase or lease the residential property concerned is not accepted by the vendor.(8) A licensed estate agent shall furnish to the Authority if required to do so by the Authority a certificate issued by a certified public accountant (practising) as to whether or not subsection (1) has been complied with by the agent. (Amended 23 of 2004 s. 56) Cap 511C s 13 Agreements for sale and purchase and leases (1) A licensee shall, before a client of the licensee who is not legally represented enters into an agreement for sale and purchase or a lease of a residential property- (a) explain to the client the meaning of each clause of the agreement or lease, as the case may be, and draw to his attention the meaning of any essential terms and provisions thereof; and (b) recommend that the client seek legal advice if the client does not understand any part of the explanation given under paragraph (a).(2) A licensee shall not- (a) continue to market a residential property after the signing of an agreement for sale and purchase or a lease in respect of the property; (b) be obligated to disclose any further offers to the vendor concerning the property.(3) A licensee shall, for the purpose of avoiding the fraudulent misrepresentation of identity in an agreement for sale and purchase or a lease of a residential property, take all practicable steps to ensure that the name of the vendor is correct (which steps may include, if the vendor is an individual, collecting a copy of the vendor's identity card within the meaning of the Registration of Persons Ordinance (Cap 177) or other identification document). (L.N. 176 of 1999) (4) A licensee acting for the vendor of a residential property shall, immediately before an agreement for sale and purchase or a lease of the property is entered into, cause to be carried out a land search in the Land Registry in respect of the property and supply a copy of the land search to the purchaser of the property. Cap 511C s 14 Commission (1) A licensee who acts as a sub-listing agent shall not demand payment of any commission from the client concerned of the principal agent. (2) A licensee shall not recommend to a client the use of services of any other person where a pecuniary or other beneficial interest may accrue to the licensee in consequence of the recommendation, or the use of the services by the client, without first disclosing that interest to the client at the time of the recommendation. (3) A licensed estate agent shall- (a) issue a written receipt to a client immediately for any commission paid by the client; and (b) retain a copy of the receipt for not less than 3 years after it is issued.(4) Subsection (3) applies to an invoice for commission to be paid as it applies to a receipt for commission paid. Cap 511C s 15 Effective control A licensed estate agent shall establish proper procedures or systems to supervise and manage his business of doing estate agency work to ensure that his employees or persons under his control comply with the provisions of the Ordinance. Cap 511C s 16 Compliance by partnership Where 2 or more licensed estate agents are members of a partnership, the requirements under sections 38(1)(a), 40(2) and (3), 47(1) and (2) and 48(1) and (2) of the Ordinance shall, as regards each of the members, be regarded as having been complied with if, but only if, each such requirement or provision has been complied with by at least one of such members. Cap 511C SCHEDULE [section 2] FORMS FORM 1 PROPERTY INFORMATION FORM (for use in the sale and purchase of residential properties in Hong Kong) (Part 1 of this Form should be completed by the licensed estate agent and Part 2 should be completed by the vendor or the licensed estate agent) PART 1 PROPERTY INFORMATION Part A: Address of the Property ("Property") Part B: Prescribed information of the Property Types of information Prescribed source (see note 11) Date of obtaining the information 1. Particulars of current ownership and subsisting encumbrances registered in the Land Registry: Name(s) of owner(s): A Subsisting encumbrances : (a) court orders: □ Yes □ No If "yes", state the particulars : A (b) building orders: □ Yes □ No If "yes", state the particulars : A (c) slope maintenance orders: □ Yes □ No If "yes", state the particulars : A (d) lease: □ Yes □ No If "yes", state the particulars : A (e) mortgage or charge: □ Yes □ No If "yes", state the particulars : A (f) other matters registered as encumbrances : Note : Copy of land search from the Land Registry shall be attached. A 2. Floor area of the Property: □ (a) saleable area provided by the Rating and Valuation Department: B □ (b) saleable area stipulated in the agreement for sale and purchase of the first assignment: A □ (c) no information can be obtained under paragraph (a) or (b). 3. Year of completion: Year of completion of the Property (or the building of which the Property forms part) as stipulated in the occupation permit or, if the occupation permit is not available, the relevant certificate of compliance or letter of no objection to occupy: A/B/C* 4. User restrictions: User under the occupation permit: A/C* 5. Government lease: (a) unexpired term of the lease: (b) right of renewal: □ Yes □ No A 6. If a Government lease is to be granted, state the term of the proposed lease: A Part C: Other information about the Property which may be provided 1. The annual Government rent : HK$_______________ 2. The quarterly rates : HK$_______________ 3. The monthly management fee : HK$_______________ 4. Owners incorporation established: □ Yes □ No 5. The floor area and source of information are:__________________________ 6. The Property falls within the following categories: □ Tenant Purchase Scheme; □ Home Ownership Scheme; □ Private Sector Participation Scheme; □ Sandwich Class Housing; □ Flat for Sale Scheme (Housing Society); (Note: In the categories above, flats on which premium has been paid are not included in the category concerned.) □ "Village" type houses in the New Territories; □ others, please specify :______________________ PART 2 VENDOR'S STATEMENT 1. Are there any structural additions to or alterations of any part of the Property or the building of which the Property forms part, which have been or are or shall be made by the Vendor or any other person, during the period of the Vendor 's ownership of the Property? □ Yes □ No If "yes", please provide particulars:_________________________________________ 2. Are there any structural additions to or alterations of any part of the Property or the building of which the Property forms part, which have been made by any person, before the period of the Vendor's ownership of the Property? □ Yes □ No □ Not known If "yes", please provide particulars:_________________________________________ 3. Are there any reinstatements, rectification, repairs or improvements to any part of the Property or the building of which the Property forms part, which have been or are or shall be required by the Government or the management office or the owners incorporation of the building, during the period of the Vendor's ownership of the Property? □ Yes □ No If "yes", please provide particulars:_________________________________________ 4. Are there any reinstatements, rectification, repairs or improvements to any part of the Property or the building of which the Property forms part, which have been required by the Government or the management office or the owners incorporation of the building, before the period of the Vendor's ownership of the Property? □ Yes □ No □ Not known If "yes", please provide particulars:_________________________________________ 5. Are there any of the following works, the cost of which a purchaser of the Property shall be wholly or partly liable, which have been or are or shall be required or proposed by the Government or the management office or the owners incorporation of the building of which the Property forms part as regards any part of the Property or the building? □ reinstatement or rectification work □ repairs or improvements works □ slope maintenance work □ others □ none □ not known Please state the nature of the work required or proposed, if any, and the cost/estimated cost* of works for which the purchaser shall be liable:___________________________ 6. □(a) The Property is to be sold with vacant possession. OR □(b) The Property is to be sold subject to a lease/licence for a specific term/statutory tenancy* as follows: ● The monthly rental is HK$___________ (inclusive of □ rates; □ Government rent; □ management fee). ● The term is _____ year(s) _____ month(s) beginning on ___________ (D/M/Y) and expiring on __________ (D/M/Y) (both days inclusive). ● Other terms: □ break clause □ rental review □ option to renew□ other special terms; please specify: ___________________________ □ All the information given by __________________ ("Vendor") in Part 2 of this Form are true and correct within the Vendor's knowledge. Signature of Vendor: _______________________ Date: ____________________ OR □ We, _____________________ ("Agent" (see note 12)), acting for the Vendor, have duly advised the Vendor to provide information in Part 2 of this Form but the Vendor decided not to provide the same. ====================================================================== We, _____________________ ("Agent" (see note 12)), are reasonably satisfied as regards the accuracy of the information contained in this Form. Signature of the estate agent/salesperson signing for and on behalf of Agent: ______________________________ Name and licence number of the signatory: ______________________________ Number of Agent's statement of particulars of business: ______________________________ Address: ______________________________ ______________________________ Telephone number: ______________________________ Fax number: ______________________________ Date: ______________________________ NOTES 1. This Form should not be used with any alterations. 2. Nothing in Part 2 of this Form shall be construed as affecting or defining the terms and conditions of an agreement for sale and purchase to be entered into between the Vendor and a purchaser. 3. A licensed estate agent is required to provide to the Vendor the original or a copy of the completed Form either before entering into an estate agency agreement with the Vendor or before entering into an agreement for sale and purchase between the Vendor and a purchaser in respect of the Property at the option of the Vendor. 4. A licensed estate agent is required to provide to a purchaser the original or a copy of the completed Form unless the purchaser specifically waives his right to receive the same. 5. A purchaser or the Vendor should seek legal or other professional advice if: (a) he is in doubt of the effects and implications of any of the encumbrances listed in Part B in Part 1 of this Form; (b) any prescribed information is not available or he is in doubt of any information provided herein; or (c) he wishes to obtain additional information which is not provided in this Form.6. Complete all questions and fill in all blanks except Part C in Part 1. If any question is not applicable, please write "N/A" which means not applicable. If any prescribed information is not available, please write "Not Available". 7 A separate form should be completed for each property. 8. Any material changes in the given information should be conveyed immediately to the recipients of this Form. 9. "*" means delete whichever is inappropriate. Provisions deleted must be initialled. Where appropriate, mark a tick "P" in the box □ provided. 10. Documentary evidence of the information provided in Part 2 of this Form may be attached by the Vendor. 11. Prescribed sources of information: A: Land Registry B: Rating and Valuation Department (Info-Hotline Service) C: Buildings Department12. Enter the name of the estate agency business entity concerned. (L.N. 176 of 1999) FORM 2 LEASING INFORMATION FORM (for use in the leasing of residential properties in Hong Kong) (This Form should be completed by the licensed estate agent) Part A: Address of the Property ("Property") Part B: Prescribed information of the Property Types of information Prescribed source (see note 9) Date of obtaining the information 1. Particulars of current ownership and subsisting encumbrances registered in the Land Registry: Name(s) of owner(s): A Subsisting encumbrances: (a) possession orders: □ Yes □ No A (b) mortgage or charge: □ Yes □ No A 2. Floor area of the Property: □ (a) saleable area provided by the Rating and Valuation Department: B □ (b) saleable area stipulated in the agreement for sale and purchase of the first assignment: A □ (c) no information can be obtained under paragraph (a) or (b). 3. Year of completion: Year of completion of the Property (or the building of which the Property forms part): A/B* 4. User restrictions: User under the occupation permit: A 5. Restrictions on leasing: Restrictions on leasing imposed under legislation/Government lease: □ Yes □ No C/D* Part C: Other information about the Property which may be provided 1. The annual Government rent: HK$_______________ 2. The quarterly rates: HK$_______________ 3. The monthly management fee: HK$_______________ 4. The Property is to be sublet and is presently subject to a lease: □ Yes □ No If "yes", please provide particulars: _______________________________ ====================================================================== We, ____________________ ("Agent" (see note 10)), are reasonably satisfied as regards the accuracy of the information contained in this Form. Signature of the estate agent/salesperson signing for and on behalf of Agent: ______________________________ Name and licence number of the signatory: ______________________________ Number of Agent's statement of particulars of business: ______________________________ Address: ______________________________ ______________________________ Telephone number: ______________________________ Fax number: ______________________________ Date: ______________________________ NOTES 1. This Form should not be used with any alterations. 2. A licensed estate agent is required to provide to the landlord of the Property the original or a copy of the completed Form either before entering into an estate agency agreement with the landlord or before entering into a lease between the landlord and a tenant in respect of the Property at the option of the landlord. 3. A licensed estate agent is required to provide to a tenant the original or a copy of the completed Form unless the tenant specifically waives his right to receive the same. 4. A tenant or the landlord of the Property should seek legal or other professional advice if: (a) he is in doubt of the effects and implications of any of the encumbrances listed in Part B of this Form; (b) any prescribed information is not available or he is in doubt of any information provided herein; or (c) he wishes to obtain additional information which is not provided in this Form.5. Complete all questions and fill in all blanks except Part C. If any question is not applicable, please write "N/A" which means not applicable. If any prescribed information is not available, please write "Not Available". 6. A separate form should be completed for each property. 7. Any material changes in the given information should be conveyed immediately to the recipients of this Form. 8. "*" means delete whichever is inappropriate. Provisions deleted must be initialled. Where appropriate, mark a tick "P" in the box □ provided. 9. Prescribed sources of information: A: Land Registry B: Rating and Valuation Department (Info-Hotline Service) C: Housing Society D: Housing Department10. Enter the name of the estate agency business entity concerned. (L.N. 176 of 1999) FORM 3 ESTATE AGENCY AGREEMENT FOR SALE OF RESIDENTIAL PROPERTIES IN HONG KONG GENERAL CAUTION: Read this Agreement carefully and follow its instructions. If you do not understand any thing in this Agreement then ask for an explanation to be given. If you do not understand or agree with any explanation given then it is best to consult your solicitor before signing this Agreement. Information note: Where any thing in this Agreement is followed by a number in brackets (e.g. (1)), then immediately read the explanatory note that bears that number in Schedule 4 to this Agreement. Where any thing in this Agreement refers to a Schedule to this Agreement, then immediately read that Schedule. 1. Appointment of Agent and Validity Period of this Agreement I/We, __________________________ ("Vendor"), appoint __________________ ("Agent"(2)) subject to and in accordance with the terms of this Agreement to act as my/our exclusive(3)/non-exclusive(1) agent in the marketing of ___________________________ ("Property"). This Agreement shall take effect on _________________ (D/M/Y) and expire on _______________ (D/M/Y) (both days inclusive) ("Validity Period"). [CAUTION: In the case of exclusive agency, the Vendor may be liable to pay commission to the Agent even if the Property is not sold through the Agent within the Validity Period. The Vendor should therefore consider carefully when he enters into an exclusive agency relationship with the Agent. Special obligations to be performed by the Agent under exclusive agency may be specified as extra terms under clause 13.] 2. Agency Relationship and Duties of Agent The Agent agrees with the Vendor that- (a) the agency relationship between them in respect of the Property shall be a single agency/dual agency/potentially dual agency(3)(1); (b) in the case of dual agency, the Agent shall as soon as is practicable disclose in writing to the Vendor the amount or rate of commission to be received by the Agent from a purchaser; (c) in the case of potentially dual agency, the Agent shall as soon as is practicable after dual agency arises disclose in writing to the Vendor such agency relationship and the amount or rate of commission to be received by the Agent from a purchaser; and (d) The Agent's duties shall be as set out in Schedule 1 to this Agreement, in addition to the duties placed on the Agent by this Agreement or any enactment. 3. List Price [CAUTION: The Vendor does not confer upon the Agent, by virtue of this clause, the right to accept an offer on behalf of the Vendor. The list price is for the purpose of listing and advertising only.] The list price shall be Hong Kong Dollars ____________________________________ (HK$___________). The list price can only be varied with written instructions of the Vendor and such instructions shall form part of this Agreement. 4. Commission The provisions of this Agreement applicable to the commission to be paid by the Vendor to the Agent shall be as set out in Schedules 2 and 4 to this Agreement(4). 5. Property Information The Agent shall provide to the Vendor the Property Information Form including the Vendor's Statement prescribed under the Estate Agents Practice (General Duties and Hong Kong Residential Properties) Regulation duly completed and signed by the Agent. 6. Property Inspection (a) The Vendor agrees to allow viewing of the Property by the Agent/purchaser(s)(1) at a mutually agreeable time. Yes □ No □(8) (b) The Vendor agrees to pass the keys of the Property to the Agent for safe custody and for the viewing of the Property. Yes □ No □(8) (c) The Vendor authorizes the Agent to pass the keys to other estate agents/persons(1) for the viewing of the Property. Yes □ No □(8) 7. Sub-listing (a) The Vendor authorizes the Agent to sub-list the Property and pass relevant information about the Vendor and the Property supplied by the Vendor to other estate agents for sub-listing purposes. Yes □ No □(8) (b) If the Agent sub-lists the Property to another estate agent ("sub-listing agent"), the Agent shall ensure that the sub-listing agent shall observe the Estate Agents Practice (General Duties and Hong Kong Residential Properties) Regulation regarding advertising. 8. Advertising (a) The Vendor authorizes the Agent to issue advertisement in respect of the Property. Yes □ No □(8) (b) If the answer to the above is "yes", then the advertising fees will be borne by the Agent unless otherwise specified in this Agreement. 9. Disclosure of Interest by Agent (a) The person signing this Agreement on behalf of the Agent discloses that he or his specified relative(5), or any nominee of his or of his specified relative, or the Agent or any employee/substantial shareholder(6)/partner/director of the Agent has a pecuniary or other beneficial interest(7) in the Property: Yes □ No □(8) (b) If the answer to the above is "yes", then the particulars of the interest must be specified in Schedule 3 to this Agreement. (c) The person signing this Agreement on behalf of the Agent shall as soon as is practicable disclose in writing to the Vendor any interest referred to in paragraph (a) above that may arise during the Validity Period. 10 Acknowledgement by Vendor The Vendor acknowledges he has- (a) read and understood the terms of this Agreement; and (b) □(8) received the Property Information Form including the Vendor's Statement required to be provided under clause 5 of this Agreement; □(8) agreed to receive the Property Information Form including the Vendor's Statement before entering into a binding agreement for sale and purchase between the Vendor and a purchaser. 11. Schedules The Schedules to this Agreement form part of this Agreement. 12. Agreement void if domestic purpose or use not allowed This Agreement shall be void if the occupation permit for the Property does not include or allow domestic purpose or use. 13. Extra Terms [CAUTION: These extra terms cannot conflict with or limit the other terms of this Agreement.]: ___________________________________________________ Signature of the Vendor: Signature of the estate agent/salesperson signing for and on behalf of the Agent: Hong Kong identity card(s) number(s): (if applicable) Name and licence number of the signatory: Where the Vendor is a company, please state: Name of the Signatory: Position of the Signatory: Business Registration Certificate number of the Vendor: Number of Agent's statement of particulars of business: Address: Address: Telephone number: Fax number: Date: Telephone number: Fax number: Date: [CAUTION: Immediately after this Agreement has been signed, the Vendor must be given the original or a copy of this Agreement as signed.] Schedule 1 Duties of Agent The Agent shall- (a) market the Property on behalf of the Vendor; (b) obtain information in relation to the Property for the Vendor; (c) arrange for purchasers to inspect the Property; (d) conduct negotiation and submit all offers in relation to the Property to the Vendor; and (e) assist the Vendor in entering into a binding agreement for sale and purchase with a purchaser. Schedule 2 Commission to be Paid by Vendor 1. Subject to section 2 of this Schedule, if during the Validity Period the Vendor through the Agent enters into a binding agreement for sale and purchase with a purchaser in respect of the Property then the Vendor is liable to pay the Agent commission in the amount of $__________/at the rate of ______% of the transacted price of the Property(1): □(8) upon the signing of the agreement for sale and purchase. □(8) upon the completion of the property transaction as specified in the agreement for sale and purchase. 2. Subject to section 3 of this Schedule, the Vendor shall have no obligation to pay any commission to the Agent if completion of the property transaction falls through without fault on the part of the Vendor and, in such case, if the commission has already been paid it shall be refunded by the Agent to the Vendor as soon as is practicable and in any case not later than 5 working days from the completion date as specified in the agreement for sale and purchase with interest/without interest(1). 3. The commission shall become payable to the Agent in the case of mutual cancellation of a binding agreement for sale and purchase of the Property not arising from any provisions of the agreement for sale and purchase. 4. The Vendor is not liable to pay any commission to other estate agents with whom the Agent co-operates in the marketing of the Property. Schedule 3 Interests in Property In accordance with clause 9 of this Agreement, particulars of the pecuniary or other beneficial interests(7) in respect of the Property are as follows: ______________________________________________________________________ ______________________________________________________________________ Schedule 4 Explanatory Notes (1) This means delete whichever is inappropriate. All deletions must be initialled. (2) Enter the name of the estate agency business entity concerned in clause 1 of this Agreement. (3) Exclusive Agency- this means the Agent is the only estate agent acting for the Vendor. If during the Validity Period the Vendor enters into a binding agreement for sale and purchase with a purchaser in respect of the Property through another estate agent, the Agent has a right to claim commission as specified in section 1 of Schedule 2 from the Vendor. Single agency- this means the Agent acts for the Vendor only. Dual agency- this means the Agent acts for both the Vendor and a purchaser of the Property. Potentially dual agency- this means the Agent acts for the Vendor only but may also act for a purchaser of the Property at a later stage.(4) The amount or rate of commission is negotiable between the Vendor and the Agent. (5) Specified relative- this means the spouse, parent, child, brother or sister. (6) Substantial shareholder- this means a person who is entitled to exercise or control the exercise of 10% or more of the voting power at any general meeting of the Agent. (7) Having a pecuniary or other beneficial interest includes: (a) being a member of a company or any other body which has a pecuniary or other beneficial interest in respect of the Property; (b) being in partnership with or is in the employment of a person who has a pecuniary or other beneficial interest in respect of the Property; or (c) being a party to any arrangement or agreement (whether enforceable or not) concerning the Property.(8) Tick the relevant box. (L.N. 176 of 1999) FORM 4 ESTATE AGENCY AGREEMENT FOR PURCHASE OF RESIDENTIAL PROPERTIES IN HONG KONG GENERAL CAUTION: Read this Agreement carefully and follow its instructions. If you do not understand any thing in this Agreement then ask for an explanation to be given. If you do not understand or agree with any explanation given then it is best to consult your solicitor before signing this Agreement. Information note: Where any thing in this Agreement is followed by a number in brackets (e.g. (1)), then immediately read the explanatory note that bears that number in Schedule 5 to this Agreement. Where any thing in this Agreement refers to a Schedule to this Agreement, then immediately read that Schedule. 1. Appointment of Agent and Validity Period of this Agreement I/We, _________________________________________________ ("Purchaser"), appoint _______________ ("Agent"(2)) subject to and in accordance with the terms of this Agreement to act as my/our agent in the intended purchase of the properties listed in Schedule 1 to this Agreement ("Properties"). This Agreement shall take effect on ______________ (D/M/Y) and expire on ________________ (D/M/Y) (both days inclusive) ("Validity Period"). [CAUTION: it is recommended that the Validity Period should be not more than 3 months.] 2. Agency Relationship and Duties of Agent The Agent agrees with the Purchaser that- (a) the agency relationship between them in respect of the Properties shall be a single agency/dual agency/potentially dual agency(3) as specified in column 4 of Schedule 1 to this Agreement; (b) in the case of each dual agency, the Agent shall as soon as is practicable disclose in writing to the Purchaser the amount or rate of commission to be received by the Agent from the relevant vendor; (c) in the case of each potentially dual agency, the Agent shall as soon as is practicable after dual agency arises disclose in writing to the Purchaser such agency relationship and the amount or rate of commission to be received by the Agent from the relevant vendor; and (d) The Agent's duties shall be as set out in Schedule 2 to this Agreement, in addition to the duties placed on the Agent by this Agreement or any enactment. 3. Commission The provisions of this Agreement applicable to the commission to be paid by the Purchaser to the Agent shall be as set out in Schedules 1, 3 and 5 to this Agreement(4). 4. Property Information The Agent shall provide to the Purchaser in respect of the Properties all relevant Property Information Forms including Vendor's Statements prescribed under the Estate Agents Practice (General Duties and Hong Kong Residential Properties) Regulation- (a) obtained from the respective vendors' licensed estate agents in the case of single agency; (b) duly completed and signed by the Agent in the case of dual agency or where a vendor is not represented by a licensed estate agent, unless the Purchaser expressly waives his right to receive any of them. 5. Disclosure of Interest by Agent (a) The person signing this Agreement on behalf of the Agent discloses that he or his specified relative(5), or any nominee of his or of his specified relative, or the Agent or any employee/substantial shareholder(6)/partner/director of the Agent has a pecuniary or other beneficial interest(7) in the Properties: Yes □ No □(8) (b) If the answer to the above is "yes", then the particulars of the interest must be specified in Schedule 4 to this Agreement. (c) The person signing this Agreement on behalf of the Agent shall as soon as is practicable disclose in writing to the Purchaser any interest referred to in paragraph (a) above that may arise during the Validity Period. 6. Acknowledgement by Purchaser The Purchaser acknowledges that he has- (a) read and understood the terms of this Agreement; and (b) received all relevant Property Information Forms including Vendor's Statements required to be provided under clause 4 of this Agreement which the Purchaser has not expressly waived his right to receive. 7. Schedules The Schedules to this Agreement form part of this Agreement. 8. Agreement void if domestic purpose or use not allowed This Agreement shall be void with regard to a property listed in Schedule 1 if the occupation permit for that property does not include or allow domestic purpose or use. 9. Extra Terms [CAUTION: These extra terms cannot conflict with or limit the other terms of this Agreement]: ____________________________________________________ Signature of the Purchaser: Signature of the estate agent/salesperson signing for and on behalf of the Agent: Hong Kong identity card(s) number(s): (if applicable) Name and licence number of the signatory: Where the Purchaser is a company, please state: Name of the Signatory: Position of the Signatory: Business Registration Certificate number of the Purchaser: Number of Agent's statement of particulars of business: Address: Address: Telephone number: Fax number: Date: Telephone number: Fax number: Date: [CAUTION: Immediately after this Agreement has been signed, the Purchaser must be given the original or a copy of this Agreement as signed.] Schedule 1 Properties Properties Date of inspection (please specify if Purchaser agrees not to inspect) Purchaser waives his right to receive Property Information Forms including Vendor's Statements (Tick relevant box) Agency Relationship (Tick relevant box and delete whichever is inappropriate) Amount or rate of commission to be paid by vendor, if applicable Amount or rate of commission to be paid by Purchaser Signature of Purchaser* (a) Yes □ No □ Single □ Dual/Potentially dual □ (b) Yes □ No □ Single □ Dual/Potentially dual □ (c) Yes □ No □ Single □ Dual/Potentially dual □ (d) Yes □ No □ Single □ Dual/Potentially dual □ (e) Yes □ No □ Single □ Dual/Potentially dual □ (f) Yes □ No □ Single □ Dual/Potentially dual □ (g) Yes □ No □ Single □ Dual/Potentially dual □ (h) Yes □ No □ Single □ Dual/Potentially dual □ (i) Yes □ No □ Single □ Dual/Potentially dual □ * The Purchaser must sign separately for each property listed. Schedule 2 Duties of Agent The Agent shall- (a) obtain information in relation to the Properties for the Purchaser; (b) arrange for the Purchaser to inspect the Properties if requested to do so by the Purchaser; (c) conduct negotiation and submit all offers to the vendors of the Properties as instructed by the Purchaser; and (d) assist the Purchaser in entering into a binding agreement for sale and purchase with the vendor of any one or more of the Properties. Schedule 3 Commission to be Paid by Purchaser 1. Subject to sections 2 and 5 of this Schedule, if during the Validity Period the Purchaser through the Agent enters into a binding agreement for sale and purchase with the vendor in respect of one or more of the Properties then the Purchaser is liable to pay the Agent commission: □(8) upon the signing of the agreement for sale and purchase. □(8) upon the completion of the property transaction as specified in the agreement for sale and purchase. 2. Subject to section 3 of this Schedule, the Purchaser shall have no obligation to pay any commission to the Agent if completion of the property transaction falls through without fault on the part of the Purchaser and, in such case, if the commission has already been paid it shall be refunded by the Agent to the Purchaser as soon as is practicable and in any case not later than 5 working days from the completion date as specified in the agreement for sale and purchase with interest/without interest(1). 3. The commission shall become payable to the Agent in the case of mutual cancellation of a binding agreement for sale and purchase of the property concerned not arising from any provisions of the agreement for sale and purchase. 4. The Purchaser is not liable to pay any commission to other estate agents with whom the Agent co-operates for the purpose of purchasing any one or more of the Properties. 5. Subject to sections 2, 3 and 4 of this Schedule, the Purchaser is also liable to pay to the Agent as commission for services rendered with regard to the property concerned if the Purchaser or the spouse, or any nominee, undisclosed principal or agent of the Purchaser enters into a binding agreement for sale and purchase with the vendor of any one or more of the Properties during the Validity Period whether through the Agent or otherwise. Schedule 4 Interests in Property In accordance with clause 5 of this Agreement, particulars of the pecuniary or other beneficial interests(7) in respect of one or more of the Properties are as follows: ______________________________________________________________________ ______________________________________________________________________ Schedule 5 Explanatory Notes (1) This means delete whichever is inappropriate. All deletions must be initialled. (2) Enter the name of the estate agency business entity concerned in clause 1 of this Agreement. (3) Single agency- this means the Agent acts for the Purchaser only. Dual agency- this means the Agent acts for both the Purchaser and the vendor of a property listed in Schedule 1 to this Agreement. Potentially dual agency- this means the Agent acts for the Purchaser only but may also act for the vendor of a property listed in Schedule 1 to this Agreement at a later stage.(4) The amount or rate of commission is negotiable between the Purchaser and the Agent. (5) Specified relative- this means the spouse, parent, child, brother or sister. (6) Substantial shareholder- this means a person who is entitled to exercise or control the exercise of 10% or more of the voting power at any general meeting of the Agent. (7) Having a pecuniary or other beneficial interest includes: (a) being a member of a company or any other body which has a pecuniary or other beneficial interest in respect of the Properties; (b) being in partnership with or is in the employment of a person who has a pecuniary or other beneficial interest in respect of the Properties; or (c) being a party to any arrangement or agreement (whether enforceable or not) concerning the Properties.(8) Tick the relevant box. (L.N. 176 of 1999) FORM 5 ESTATE AGENCY AGREEMENT FOR LEASING OF RESIDENTIAL PROPERTIES IN HONG KONG (for use between an estate agent and a landlord) GENERAL CAUTION: Read this Agreement carefully and follow its instructions. If you do not understand any thing in this Agreement then ask for an explanation to be given. If you do not understand or agree with any explanation given then it is best to consult your solicitor before signing this Agreement. Information note: Where any thing in this Agreement is followed by a number in brackets (e.g. (1)), then immediately read the explanatory note that bears that number in Schedule 4 to this Agreement. Where any thing in this Agreement refers to a Schedule to this Agreement, then immediately read that Schedule. 1. Appointment of Agent and Validity Period of this Agreement I/We, ________________________________________________ ("Landlord"), appoint _______________ ("Agent"(2)) subject to and in accordance with the terms of this Agreement to act as my/our exclusive(3)/non-exclusive(1) agent in the marketing for letting purpose of __________________________________________ ("Property"). This Agreement shall take effect on ________________ (D/M/Y) and expire on ________________ (D/M/Y) (both days inclusive) ("Validity Period"). [CAUTION: In the case of exclusive agency, the Landlord may be liable to pay commission to the Agent even if the Property is not let through the Agent within the Validity Period. The Landlord should therefore consider carefully when he enters into an exclusive agency relationship with the Agent. Special obligations to be performed by the Agent under exclusive agency may be specified as extra terms under clause 12.] 2. Agency Relationship and Duties of Agent The Agent agrees with the Landlord that- (a) the agency relationship between them shall be a single agency/dual agency/potentially dual agency(3)(1); (b) in the case of dual agency, the Agent shall as soon as is practicable disclose in writing to the Landlord the amount or rate of commission to be received by the Agent from a tenant; (c) in the case of potentially dual agency, the Agent shall as soon as is practicable after dual agency arises disclose in writing to the Landlord such agency relationship and the amount or rate of commission to be received by the Agent from a tenant; and (d) The Agent's duties shall be as set out in Schedule 1 to this Agreement, in addition to the duties placed on the Agent by this Agreement or any enactment. 3. List Rental [CAUTION: The Landlord does not confer upon the Agent, by virtue of this clause, the right to accept an offer on behalf of the Landlord. The list rental is for the purpose of listing and advertising only.] The list rental shall be Hong Kong Dollars ___________________________________ (HK$__________) per month inclusive/exclusive(1) of rates and management fee. The list rental can only be varied with written instructions of the Landlord and such instructions shall form part of this Agreement. 4. Commission The provisions of this Agreement applicable to the commission to be paid by the Landlord to the Agent shall be as set out in Schedules 2 and 4 to this Agreement(4). 5. Property Information The Agent shall provide to the Landlord the Leasing Information Form prescribed under the Estate Agents Practice (General Duties and Hong Kong Residential Properties) Regulation duly completed and signed by the Agent. 6. Property Inspection (a) The Landlord agrees to allow viewing of the Property by the Agent/tenant(s)(1) at a mutually agreeable time.Yes □ No □(8) (b) The Landlord agrees to pass the keys of the Property to the Agent for safe custody and for the viewing of the Property.Yes □ No □(8) (c) The Landlord authorizes the Agent to pass the keys to other estate agents/persons(1) for the viewing of the Property.Yes □ No □(8) 7. Sub-listing (a) The Landlord authorizes the Agent to sub-list the Property and pass relevant information about the Landlord and the Property supplied by the Landlord to other estate agents for sub-listing purposes.Yes □ No □(8) (b) If the Agent sub-lists the Property to another estate agent ("sub-listing agent"), the Agent shall ensure that the sub-listing agent shall observe the Estate Agents Practice (General Duties and Hong Kong Residential Properties) Regulation regarding advertising. 8. Advertising (a) The Landlord authorizes the Agent to issue advertisement in respect of the Property.Yes □ No □(8) (b) If the answer to the above is "yes", then the advertising fees will be borne by the Agent unless otherwise specified in this Agreement. 9. Disclosure of Interest by Agent (a) The person signing this Agreement on behalf of the Agent discloses that he or his specified relative(5), or any nominee of his or of his specified relative, or the Agent or any employee/substantial shareholder(6)/partner/director of the Agent has a pecuniary or other beneficial interest(7) in the Property:Yes □ No □(8) (b) If the answer to the above is "yes", then the particulars of the interest must be specified in Schedule 3 to this Agreement. (c) The person signing this Agreement on behalf of the Agent shall as soon as is practicable disclose in writing to the Landlord any interest referred to in paragraph (a) above that may arise during the Validity Period. 10. Acknowledgement by Landlord The Landlord acknowledges that he has- (a) read and understood the terms of this Agreement; and (b) □(8) received the Leasing Information Form required to be provided under clause 5 of this Agreement; □(8) agreed to receive the Leasing Information Form before entering into a binding lease between the Landlord and a tenant. 11. Schedules The Schedules to this Agreement form part of this Agreement. 12. Extra Terms [CAUTION: These extra terms cannot conflict with or limit the other terms of this Agreement.]: __________________________________________________ Signature of the Landlord: Signature of the estate agent/salesperson signing for and on behalf of the Agent: Hong Kong identity card(s) number(s): (if applicable) Name and licence number of the signatory: Where the Landlord is a company, please state: Name of the Signatory: Position of the Signatory: Business Registration Certificate number of the Landlord: Number of Agent's statement of particulars of business: Address: Address: Telephone number: Fax number: Date: Telephone number: Fax number: Date: [CAUTION: Immediately after this Agreement has been signed, the Landlord must be given the original or a copy of this Agreement as signed.] Schedule 1 Duties of Agent The Agent shall- (a) market the Property on behalf of the Landlord; (b) obtain information in relation to the Property for the Landlord; (c) arrange for tenants to inspect the Property; (d) conduct negotiation and submit all offers in relation to the Property to the Landlord; and (e) assist the Landlord in entering into a binding lease with a tenant. Schedule 2 Commission to be Paid by Landlord 1. Subject to section 2 of this Schedule, if during the Validity Period the Landlord through the Agent enters into a binding lease with a tenant in respect of the Property then the Landlord is liable to pay the Agent commission in the amount of $_________/at the rate of _______% of the transacted rental(1): □(8) upon the signing of the lease. □(8) upon the commencement of the tenancy as specified in the lease. 2. Subject to section 3 of this Schedule, the Landlord shall have no obligation to pay any commission to the Agent if commencement of the binding lease falls through without fault on the part of the Landlord and, in such case, if the commission has already been paid it shall be refunded by the Agent to the Landlord as soon as is practicable and in any case not later than 5 working days from the commencement date of the lease with interest/without interest(1). 3. The commission shall become payable to the Agent in the case of mutual cancellation of the binding lease not arising from any provisions of the lease. 4. The Landlord is not liable to pay any commission to other estate agents with whom the Agent co-operates in letting the Property. Schedule 3 Interests in Property In accordance with clause 9 of this Agreement, particulars of the pecuniary or other beneficial interests(7) in respect of the Property are as follows: ______________________________________________________________________ ______________________________________________________________________ Schedule 4 Explanatory Notes (1) This means delete whichever is inappropriate. All deletions must be initialled. (2) Enter the name of the estate agency business entity concerned in clause 1 of this Agreement. (3) Exclusive Agency- this means the Agent is the only estate agent acting for the Landlord. If during the Validity Period the Landlord enters into a binding lease with a tenant in respect of the Property through another estate agent, the Agent has a right to claim commission as specified in section 1 of Schedule 2 from the Landlord. Single agency- this means the Agent acts for the Landlord only. Dual agency- this means the Agent acts for both the Landlord and a tenant of the Property. Potentially dual agency- this means the Agent acts for the Landlord only but may also act for a tenant of the Property at a later stage.(4) The amount or rate of commission is negotiable between the Landlord and the Agent. (5) Specified relative- this means the spouse, parent, child, brother or sister. (6) Substantial shareholder- this means a person who is entitled to exercise or control the exercise of 10% or more of the voting power at any general meeting of the Agent. (7) Having a pecuniary or other beneficial interest includes: (a) being a member of a company or any other body which has a pecuniary or other beneficial interest in respect of the Property; (b) being in partnership with or is in the employment of a person who has a pecuniary or other beneficial interest in respect of the Property; or (c) being a party to any arrangement or agreement (whether enforceable or not) concerning the Property.(8) Tick the relevant box. (L.N. 176 of 1999) FORM 6 ESTATE AGENCY AGREEMENT FOR LEASING OF RESIDENTIAL PROPERTIES IN HONG KONG (for use between an estate agent and a tenant) GENERAL CAUTION: Read this Agreement carefully and follow its instructions. If you do not understand any thing in this Agreement then ask for an explanation to be given. If you do not understand or agree with any explanation given then it is best to consult your solicitor before signing this Agreement. Information note: Where any thing in this Agreement is followed by a number in brackets (e.g.(1)), then immediately read the explanatory note that bears that number in Schedule 5 to this Agreement. Where any thing in this Agreement refers to a Schedule to this Agreement, then immediately read that Schedule. 1. Appointment of Agent and Validity Period of this Agreement I/We, _______________________ ("Tenant"), appoint ____________________ ("Agent"(2)) subject to and in accordance with the terms of this Agreement to act as my/our agent in the intended renting of the properties listed in Schedule 1 to this Agreement ("Properties"). This Agreement shall take effect on _________________ (D/M/Y) and expire on _________________ (D/M/Y) (both days inclusive) ("Validity Period"). [CAUTION: It is recommended that the Validity Period should be not more than 3 months.] 2. Agency Relationship and Duties of Agent The Agent agrees with the Tenant that- (a) the agency relationship between them in respect of the Properties shall be a single agency/dual agency /potentially dual agency(3) as specified in column 4 of Schedule 1 to this Agreement; (b) in the case of each dual agency, the Agent shall as soon as is practicable disclose in writing to the Tenant the amount or rate of commission to be received by the Agent from the relevant landlord; (c) in the case of each potentially dual agency, the Agent shall as soon as is practicable after dual agency arises disclose in writing to the Tenant such agency relationship and the amount or rate of commission to be received by the Agent from the relevant landlord; and (d) The Agent's duties shall be as set out in Schedule 2 to this Agreement, in addition to the duties placed on the Agent by this Agreement or any enactment. 3. Commission The provisions of this Agreement applicable to the commission to be paid by the Tenant to the Agent shall be as set out in Schedules 1, 3 and 5 to this Agreement(4). 4. Property Information The Agent shall provide to the Tenant in respect of the Properties all relevant Leasing Information Forms prescribed under the Estate Agents Practice (General Duties and Hong Kong Residential Properties) Regulation- (a) obtained from the respective landlords' licensed estate agents in the case of single agency; (b) duly completed and signed by the Agent in the case of dual agency or where a landlord is not represented by a licensed estate agent, unless the Tenant expressly waives his right to receive any of them. 5. Disclosure of Interest by Agent (a) The person signing this Agreement on behalf of the Agent discloses that he or his specified relative(5), or any nominee of his or of his specified relative, or the
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