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Land Transfer Agreement
"I need a Land Transfer Agreement for a residential property purchase in Auckland, New Zealand, with settlement scheduled for March 15, 2025, including standard chattels and requiring vacant possession on settlement."
1. Parties: Identification of the transferor (seller) and transferee (buyer), including full legal names, addresses, and registration numbers if companies
2. Background: Context of the transfer, including brief property description and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the land being transferred, including title references and legal description
5. Purchase Price: The agreed purchase price and payment terms, including deposit arrangements
6. Settlement: Settlement date, pre-settlement inspection rights, and settlement procedures
7. Title and Transfer: Provisions regarding transfer of title, including requirements for registration
8. Warranties: Seller's warranties regarding the property, title, and disclosed matters
9. Risk and Insurance: Allocation of risk and insurance requirements until settlement
10. Default: Consequences of default by either party and available remedies
11. General Provisions: Standard contract terms including notices, governing law, and execution requirements
1. Overseas Investment Consent: Required when the purchaser is an overseas person under the Overseas Investment Act 2005
2. GST Provisions: Detailed GST treatment where one or both parties are GST registered or the property is part of a taxable activity
3. Tenancies: Details of existing tenancies if the property is sold subject to tenancies
4. Conditions Precedent: Any conditions that must be satisfied before the agreement becomes unconditional, such as finance or due diligence
5. Development Provisions: Required when the property is part of a development or subject to development restrictions
6. Multiple Titles: Special provisions for transfers involving multiple titles or staged settlements
7. Chattels: Detailed provisions regarding chattels included in the sale if significant or valuable items are involved
8. Resource Consent Requirements: Specific provisions related to resource consents if the property is subject to development or use restrictions
1. Schedule 1 - Property Details: Comprehensive description of the property including title references, area, and legal description
2. Schedule 2 - Purchase Price Calculation: Detailed breakdown of the purchase price, including adjustments and apportionments
3. Schedule 3 - Included Chattels: List of all chattels included in the sale with descriptions and conditions
4. Schedule 4 - Disclosed Matters: List of all matters disclosed by the seller affecting the property
5. Schedule 5 - Settlement Requirements: Detailed checklist of documents and requirements for settlement
6. Appendix A - Title Documents: Copies of relevant title documents, including computer register and easement instruments
7. Appendix B - LIM Report: Land Information Memorandum report from the local authority
8. Appendix C - Property Plans: Survey plans, floor plans, and other relevant property plans
Authors
Real Estate
Property Development
Banking and Finance
Legal Services
Construction
Agriculture
Commercial Property
Residential Property
Industrial Property
Public Sector
Infrastructure
Tourism and Hospitality
Retail
Legal
Real Estate
Property Management
Compliance
Finance
Administration
Risk Management
Operations
Commercial
Residential Sales
Settlements
Documentation
Due Diligence
Property Lawyer
Real Estate Agent
Property Manager
Legal Counsel
Conveyancer
Property Developer
Bank Manager
Mortgage Broker
Land Surveyor
Property Valuer
Compliance Officer
Legal Administrator
Settlement Officer
Title Officer
Real Estate Transaction Coordinator
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