Ƶ

Commercial Property Contract for New Zealand

Commercial Property Contract Template for New Zealand

A comprehensive legal agreement governed by New Zealand law that facilitates the sale and purchase of commercial property. This document outlines all essential terms and conditions of the transaction, including property details, purchase price, settlement terms, due diligence requirements, and warranties. It incorporates specific provisions required under New Zealand property law, including GST considerations, Land Transfer Act requirements, and compliance with local council regulations. The contract provides legal protection for both parties while ensuring compliance with New Zealand commercial property legislation and regulations.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Commercial Property Contract

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Commercial Property Contract?

The Commercial Property Contract is a fundamental legal document used in New Zealand for facilitating the sale and purchase of commercial real estate assets. This agreement is essential when transferring ownership of commercial properties, including office buildings, retail spaces, industrial facilities, and mixed-use developments. It must comply with New Zealand's Property Law Act 2007, Land Transfer Act 2017, and other relevant legislation. The contract typically includes comprehensive provisions for due diligence, settlement procedures, warranties, and specific clauses addressing GST treatment, which is particularly important in commercial transactions. It's designed to protect both parties' interests while ensuring the transaction meets all regulatory requirements and industry standards within the New Zealand legal framework.

What sections should be included in a Commercial Property Contract?

1. Parties: Identification and details of all parties involved in the transaction

2. Background: Context of the transaction and brief description of the property

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Property Details: Comprehensive description of the property, including legal description and title references

5. Purchase Price: Agreed purchase price and payment terms

6. Deposit: Details of deposit amount, payment timing, and holding arrangements

7. Due Diligence: Terms and conditions for buyer's investigation of the property

8. Settlement: Settlement date, process, and requirements

9. Title and Transfer: Requirements for clear title and transfer process

10. Warranties and Representations: Seller's warranties regarding the property and business

11. Default and Remedies: Consequences of default and available remedies

12. GST Provisions: GST treatment of the transaction

13. General Provisions: Standard contractual terms including notices, governing law, and dispute resolution

What sections are optional to include in a Commercial Property Contract?

1. Tenant Rights and Obligations: Required when the property is sold subject to existing tenancies

2. Development Conditions: Included when the purchase is conditional on future development approval

3. Environmental Matters: Required when there are known or potential environmental issues

4. Overseas Investment Approval: Needed when the purchaser requires OIO approval

5. Property Management Transition: Included when transferring ongoing property management arrangements

6. Seismic Performance: Required for buildings in earthquake-prone areas or with specific seismic requirements

7. Resource Consent Conditions: Included when the property use depends on specific resource consents

8. Construction Warranties: Required for newly constructed or recently renovated properties

What schedules should be included in a Commercial Property Contract?

1. Property Schedule: Detailed property description, including boundaries, easements, and encumbrances

2. Chattels Schedule: List of included chattels and their conditions

3. Lease Schedule: Details of existing leases and tenancy arrangements

4. Due Diligence Checklist: List of required due diligence items and their status

5. Building Compliance Schedule: Details of building warrant of fitness and compliance requirements

6. Title Documents: Copy of title and relevant registered documents

7. Property Disclosure Statement: Seller's disclosure of property condition and known issues

8. Financial Schedule: Breakdown of purchase price, adjustments, and payment terms

9. Service Contracts Schedule: List of transferable service contracts and maintenance agreements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

New Zealand

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions






































Clauses






























Relevant Industries

Real Estate

Commercial Property

Retail

Industrial

Hospitality

Healthcare

Professional Services

Manufacturing

Logistics

Education

Tourism

Relevant Teams

Legal

Real Estate

Finance

Property Management

Asset Management

Facilities Management

Investment

Risk Management

Corporate Development

Operations

Relevant Roles

Property Lawyer

Commercial Real Estate Agent

Property Development Manager

Chief Financial Officer

Real Estate Investment Manager

Commercial Property Manager

Corporate Counsel

Facilities Manager

Asset Manager

Property Valuer

Business Development Manager

Real Estate Transaction Manager

Investment Analyst

Due Diligence Officer

Property Portfolio Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Wholesale House Contract

A New Zealand-governed agreement for wholesale property transactions, designed for bulk or investment property sales and purchases.

Download

Side Agreement (Real Estate)

A supplementary legal document for New Zealand real estate transactions that addresses specific terms or conditions not covered in the main sale and purchase agreement.

Download

Offer And Acceptance (Real Estate)

A New Zealand-compliant legal document presenting a formal offer to purchase real estate, which becomes binding upon vendor acceptance.

Download

Option Contract (Real Estate)

A New Zealand-compliant legal agreement granting an exclusive right to purchase specified real estate at predetermined terms within a set timeframe.

Download

Non Exclusive Agreement (Real Estate)

A New Zealand-governed agreement establishing non-exclusive terms between a property owner and real estate agent for property sale services.

Download

License Agreement (Real Estate)

A New Zealand-governed agreement establishing terms for temporary or shared use of real estate property, detailing rights and obligations of both licensor and licensee.

Download

Lease With Option To Buy House

A New Zealand-compliant agreement combining a residential lease with an option for the tenant to purchase the property during or after the lease term.

Download

Lease Purchase Agreement Property

A New Zealand-governed agreement combining property lease terms with a future purchase arrangement, establishing rights and obligations for both temporary occupation and eventual ownership transfer.

Download

Jv Agreement (Real Estate)

A New Zealand-governed agreement establishing a joint venture relationship between parties for real estate investment, development, or management purposes.

Download

Land Purchase Option Agreement

A New Zealand-compliant agreement granting exclusive rights to purchase specified property within a defined period under preset terms and conditions.

Download

Joint Venture Agreement (Real Estate)

A New Zealand-governed agreement establishing a joint venture between parties for real estate investment, development, or management purposes.

Download

Joint Development Agreement (Real Estate)

A New Zealand-governed agreement establishing the terms for collaborative real estate development between multiple parties, including contributions, management structure, and profit sharing arrangements.

Download

Equity Sharing Agreement (Real Estate)

A New Zealand-compliant legal agreement establishing shared ownership arrangements for real estate property, detailing ownership structure, financial obligations, and management responsibilities.

Download

Exclusive Agreement (Real Estate)

A New Zealand-compliant agreement granting exclusive property selling rights to a real estate agency, outlining terms, obligations, and commission structures.

Download

Corporate Lease For Residential Property

A New Zealand-governed agreement for corporate entities leasing residential property, combining residential tenancy requirements with corporate lease provisions.

Download

Co Op Agreement (Real Estate)

A New Zealand-governed agreement establishing cooperative property ownership arrangements, defining member rights and responsibilities within the cooperative structure.

Download

Closing Agreement (Real Estate)

A New Zealand real estate Closing Agreement that finalizes property transfer terms and settlement arrangements under NZ property law.

Download

Commercial Property Licence Agreement

A New Zealand-governed agreement granting permission to occupy and use commercial property for a specified purpose and duration, without creating a leasehold interest.

Download

Contract For Selling A House

A New Zealand-compliant legal agreement for the sale and purchase of residential property, establishing terms and conditions for property transfer between vendor and purchaser.

Download

Real Estate Offer And Acceptance Contract

A New Zealand-compliant contract document that formalizes the terms and conditions for the sale and purchase of real estate property.

Download

Property Easement Agreement

A New Zealand legal document that establishes and regulates rights for one party to use another's land for specific purposes, governed by NZ property law.

Download

Land Development Agreement

A New Zealand-specific agreement governing land development rights, obligations, and procedures between developers, landowners, and stakeholders under NZ property law.

Download

Commercial Rental Lease

A New Zealand-governed agreement establishing terms for commercial property rental between landlord and tenant, including essential provisions for rent, maintenance, and use.

Download

Contract For Renting A House

A New Zealand residential tenancy agreement establishing terms and conditions for property rental, compliant with the Residential Tenancies Act 1986.

Download

Option Agreement Property

A New Zealand-compliant agreement granting an exclusive right to purchase specified property within a defined timeframe, subject to agreed terms and conditions.

Download

Commercial Real Estate Listing Agreement

A New Zealand-governed agreement between a property owner and real estate agent for the marketing and sale of commercial property, outlining terms, commissions, and obligations.

Download

Residential Real Estate Lease

A New Zealand-compliant residential tenancy agreement establishing terms and conditions between landlord and tenant under NZ law.

Download

Residential Real Estate Contract

A New Zealand-compliant legal agreement for the sale and purchase of residential real estate property, incorporating all essential terms and conditions under NZ law.

Download

Real Estate Limited Partnership Agreement

New Zealand-governed agreement establishing a limited partnership structure for real estate investments, defining partner relationships and operational parameters.

Download

Property Buyout Agreement

A New Zealand-compliant legal agreement facilitating the transfer of property ownership through a structured buyout process.

Download

Personal Property Purchase Agreement

A New Zealand-compliant agreement for the sale and purchase of personal property, establishing terms, conditions, and obligations of all parties involved.

Download

Lease With Option To Buy Commercial Property

New Zealand commercial property agreement combining a lease with a future purchase option, establishing terms for both tenancy and potential acquisition.

Download

Simple Property Lease Agreement

A New Zealand-compliant lease agreement establishing terms and conditions for property rental, governed by the Residential Tenancies Act 1986.

Download

Option To Purchase Property Agreement

A New Zealand-compliant agreement granting an exclusive right to purchase specified property at predetermined terms within a set timeframe.

Download

Simple Commercial Lease

A New Zealand-compliant commercial lease agreement establishing terms and conditions for commercial property rental between landlord and tenant.

Download

Standard Commercial Lease

A New Zealand-governed agreement establishing terms and conditions for commercial property rental between landlord and tenant.

Download

Home Contract Agreement

A New Zealand-compliant contract between homeowner and builder for residential construction work, setting out terms, conditions, and obligations under NZ law.

Download

Real Estate Reservation Agreement

A New Zealand-compliant agreement that secures a potential buyer's exclusive right to purchase a property during a specified reservation period in exchange for a reservation fee.

Download

Personal Property Agreement

A New Zealand-compliant agreement governing the transfer or security interests in personal property, structured under NZ personal property and contract law.

Download

Real Estate Swap Agreement

A New Zealand-governed agreement facilitating the direct exchange of real estate properties between parties, including terms, conditions, and compliance requirements.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it