The Land Sale Agreement Form is a fundamental legal document used in New Zealand property transactions to formalize the sale and purchase of land between parties. This document is essential for any real estate transaction in New Zealand, whether residential, commercial, or rural property. It must comply with New Zealand legislation, including the Property Law Act 2007, Land Transfer Act 2017, and other relevant statutes. The agreement covers crucial aspects such as property details, purchase price, conditions precedent, warranties, and settlement requirements. It serves as the primary contract protecting both parties' interests and ensuring a clear framework for the property transfer process. The document is typically prepared with legal assistance and may be customized to address specific requirements of the property transaction while maintaining compliance with New Zealand property law.
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1. Parties: Identification and details of the vendor and purchaser
2. Background: Context of the transaction and property overview
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Agreement to Sell and Purchase: Core agreement terms including property description and purchase price
5. Payment Terms: Details of deposit, payment schedule, and settlement requirements
6. Conditions Precedent: Essential conditions that must be met before settlement
7. Due Diligence: Purchaser's rights and timeframes for property investigation
8. Title and Transfer: Requirements for clear title and transfer process
9. Warranties and Representations: Vendor's warranties about the property and disclosure obligations
10. Property Possession and Risk: Transfer of possession and risk allocation
11. Settlement and Completion: Settlement process and requirements
12. Default and Remedies: Consequences of default and available remedies
13. General Provisions: Standard contract clauses including notices, amendment, and governing law
14. Execution: Signing provisions and execution blocks
1. Tenancies: Required if the property is sold subject to existing tenancies
2. GST Provisions: Required if the transaction is subject to GST
3. Overseas Investment Provisions: Required if purchaser is an overseas person under the Overseas Investment Act
4. Development Provisions: Required if property is under development or subject to future development
5. Building Compliance: Required for properties with ongoing building work or recent construction
6. Resource Consent Conditions: Required if property is subject to specific resource consent conditions
7. Body Corporate Provisions: Required for unit title properties
8. Rural Land Provisions: Required for rural property transactions
9. Subdivision Provisions: Required if property is part of an ongoing subdivision
1. Schedule 1 - Property Details: Detailed description of land, title references, and property inclusions
2. Schedule 2 - Purchase Price Breakdown: Itemized breakdown of purchase price including deposit and payment schedule
3. Schedule 3 - Warranties: Detailed vendor warranties and property disclosures
4. Schedule 4 - Conditions: Detailed conditions precedent and due diligence requirements
5. Appendix A - Title Documents: Copy of title and relevant registered documents
6. Appendix B - Property Plans: Plans, diagrams, or surveys of the property
7. Appendix C - Disclosure Documents: Required disclosures, including LIM report summary if available
8. Appendix D - Chattels List: Detailed list of chattels included in the sale
9. Appendix E - Special Conditions: Any special conditions or variations to standard terms
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Agriculture (for rural properties)
Commercial Property
Residential Property
Retail
Hospitality
Industrial
Tourism and Leisure
Relevant Teams
Legal
Real Estate
Property Management
Acquisitions
Development
Commercial
Compliance
Operations
Finance
Risk Management
Corporate Services
Business Development
Relevant Roles
Property Lawyer
Real Estate Agent
Property Manager
Commercial Property Director
Legal Counsel
Conveyancing Manager
Property Developer
Land Surveyor
Real Estate Transaction Coordinator
Settlement Officer
Property Acquisitions Manager
Real Estate Broker
Legal Executive
Property Portfolio Manager
Development Manager
Corporate Counsel
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