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Home Selling Contract Template for New Zealand

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Key Requirements PROMPT example:

Home Selling Contract

"I need a Home Selling Contract for a beachfront property in Auckland, New Zealand, with settlement scheduled for March 2025, that includes specific provisions for existing holiday rental bookings and transfer of solar panel warranties."

Document background
The Home Selling Contract is a crucial legal document used in New Zealand residential property transactions. It is designed to facilitate the sale of residential properties while ensuring compliance with New Zealand property law and regulations. This contract is essential when transferring ownership of residential property, whether it's a standalone house, apartment, or unit title property. The document includes critical information such as property details, purchase price, settlement terms, conditions of sale, and warranties. It must comply with the Property Law Act 2007, Real Estate Agents Act 2008, and other relevant New Zealand legislation. The contract serves as the primary legal instrument protecting both sellers' and buyers' interests throughout the transaction process, from initial agreement to final settlement.
Suggested Sections

1. Parties: Identification of the seller and purchaser with their full legal names and addresses

2. Background: Context of the sale and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Full legal description of the property including title details, boundaries, and land area

5. Purchase Price: Agreed purchase price and payment structure, including deposit details

6. Settlement: Settlement date, time, and process requirements

7. Title and Transfer: Requirements for clear title and transfer of ownership

8. Property Inspection: Buyer's rights to inspect the property and timing of inspections

9. Warranties and Undertakings: Seller's warranties about the property's condition and legal status

10. Conditions: Standard conditions that must be met before settlement

11. Risk and Insurance: Responsibility for the property and insurance requirements until settlement

12. Default: Consequences of default by either party

13. General Provisions: Standard legal provisions including notices, governing law, and dispute resolution

Optional Sections

1. Chattels: List of moveable items included or excluded from the sale - used when specific items need to be detailed

2. Tenancies: Details of existing tenancies - required when the property is sold with tenants in place

3. Body Corporate: Body corporate details and obligations - required for apartments or units

4. GST: GST treatment of the sale - required when either party is GST registered

5. Building Warranty: Specific warranties for new builds or recently renovated properties

6. Overseas Investment: Additional provisions for overseas buyers - required when purchaser is not a New Zealand resident

7. Development Provisions: Special conditions for properties under development or with development potential

8. Maori Land Provisions: Special provisions required when the property involves Maori land

9. Resource Consent: Details of resource consents - required when property has specific planning requirements or restrictions

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including certificate of title, legal description, and area

2. Schedule 2 - Chattels List: Comprehensive list of all chattels included and excluded from the sale

3. Schedule 3 - Special Conditions: Any special conditions agreed between the parties

4. Schedule 4 - Property Disclosure: Seller's disclosure of property conditions, defects, or issues

5. Appendix A - Title Documents: Copy of certificate of title and relevant title documents

6. Appendix B - LIM Report: Land Information Memorandum report from the local council

7. Appendix C - Property Inspection Report: Building inspection report if obtained

8. Appendix D - Plans and Permits: Relevant building plans, permits, and consents

9. Appendix E - Body Corporate Rules: Body corporate rules and regulations if applicable

Authors

Alex Denne

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

Relevant legal definitions



































Clauses



































Relevant Industries

Real Estate

Property Development

Legal Services

Financial Services

Construction

Property Management

Insurance

Banking

Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Conveyancing

Compliance

Risk Management

Sales

Client Services

Settlement

Documentation

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancing Specialist

Property Manager

Mortgage Broker

Bank Manager

Property Valuer

Legal Counsel

Compliance Officer

Settlement Officer

Property Developer

Real Estate Branch Manager

Property Investment Advisor

Contract Administrator

Title Officer

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

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