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Real Estate Contract To Sell A House

Real Estate Contract To Sell A House Template for New Zealand

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Key Requirements PROMPT example:

Real Estate Contract To Sell A House

"I need a Real Estate Contract To Sell A House for my 3-bedroom freestanding property in Auckland, with settlement planned for March 2025 and including a list of specific chattels to be transferred with the property."

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Document background
The Real Estate Contract To Sell A House is a fundamental legal document used in New Zealand property transactions. It serves as the primary agreement between a property seller (vendor) and buyer (purchaser), documenting all essential aspects of the sale including property details, price, settlement terms, and conditions. This contract must comply with New Zealand property law, including the Property Law Act 2007, Real Estate Agents Act 2008, and Land Transfer Act 2017. It's typically used in residential property transactions and can be adapted for various property types, from standalone houses to apartments. The document includes provisions for standard conditions like finance, building inspection, and title transfer, while allowing for additional special conditions as needed. This contract forms the basis of the property transfer process and is essential for protecting both parties' interests while ensuring legal compliance.
Suggested Sections

1. Parties: Identification of the vendor (seller) and purchaser (buyer) with full legal names and addresses

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

3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty

4. Property Description: Detailed legal description of the property including title references and physical address

5. Purchase Price: The agreed purchase price, deposit amount, and payment terms

6. Settlement and Possession: Settlement date, possession arrangements, and key timeframes

7. Title and Transfer: Provisions regarding transfer of title and requirements for clear title

8. Warranties and Undertakings: Standard warranties from both parties regarding the property and capacity to enter the agreement

9. Conditions: Standard conditions including finance, building inspection, and LIM report conditions

10. Risk and Insurance: Allocation of risk and insurance requirements until settlement

11. Default: Consequences and remedies in case of default by either party

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

Optional Sections

1. Chattels: Detailed section for when specific chattels are included in the sale

2. Tenancies: Required when the property is sold with existing tenants

3. GST: Required when either party is GST registered or the transaction is subject to GST

4. Building Compliance: Additional provisions for properties with outstanding building consents or compliance issues

5. Body Corporate: Required for apartments or units under body corporate management

6. Land Covenants: Required when the property is subject to specific land covenants or restrictions

7. Development Provisions: Required when the property has development potential or restrictions

8. Overseas Investment: Required when the purchaser is an overseas person under the Overseas Investment Act

Suggested Schedules

1. Schedule 1: Property Details: Comprehensive description of the property including boundaries and improvements

2. Schedule 2: Chattels List: Detailed inventory of all chattels included in the sale

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

4. Schedule 4: Warranties: Specific warranties given by the vendor about the property

5. Appendix A: Title Documents: Copy of the current title and relevant registered documents

6. Appendix B: LIM Report: Land Information Memorandum report if obtained

7. Appendix C: Property Plans: Relevant plans, including floor plans and site plans

8. Appendix D: Building Reports: Any building inspection reports or certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions









































Clauses







































Relevant Industries

Real Estate

Legal Services

Financial Services

Property Development

Construction

Banking

Insurance

Public Sector

Property Management

Relevant Teams

Legal

Real Estate Sales

Property Management

Conveyancing

Compliance

Risk Management

Finance

Insurance

Operations

Customer Service

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancing Lawyer

Property Manager

Mortgage Broker

Bank Manager

Property Developer

Legal Executive

Compliance Officer

Real Estate Branch Manager

Settlement Officer

Property Valuer

Insurance Underwriter

Building Inspector

Local Council 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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