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Unilateral Deed Of Sale

Unilateral Deed Of Sale Template for New Zealand

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Key Requirements PROMPT example:

Unilateral Deed Of Sale

"I need a Unilateral Deed of Sale for my commercial warehouse property in Auckland, with settlement scheduled for March 15, 2025, including specific provisions for existing tenant rights and GST requirements."

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Document background
The Unilateral Deed of Sale is a specialized legal instrument commonly used in New Zealand property transactions where the vendor needs to make a binding commitment to sell under specific terms, prior to the purchaser's formal engagement. This document type is particularly valuable in commercial property transactions, tender processes, or situations requiring a clear, legally binding offer to sell. It must comply with New Zealand's Property Law Act 2007 and related legislation, incorporating all essential elements of a valid deed including proper execution and witnessing. The document typically includes comprehensive property details, price terms, warranties, and conditions, providing a robust framework for the subsequent sale transaction. Its unilateral nature means it can be used to make a firm offer to multiple potential purchasers while maintaining legal certainty and compliance with New Zealand property law requirements.
Suggested Sections

1. Parties: Identifies the Vendor (Transferor) and includes space for execution. As this is unilateral, only the Vendor executes initially

2. Background: Outlines the context of the sale, including property ownership and intention to sell

3. Definitions and Interpretation: Defines key terms used throughout the deed and interpretation rules

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

5. Sale Terms: Specifies the purchase price, payment terms, and completion date

6. Vendor's Warranties: Warranties regarding property title, encumbrances, and condition

7. Transfer of Title: Process and obligations for transferring legal title

8. Risk and Insurance: Allocation of risk and insurance requirements until completion

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

10. Notices: Process for giving and receiving formal notices

11. General Provisions: Standard legal provisions including governing law and severability

12. Execution: Formal execution block with witness requirements for deed validity

Optional Sections

1. Chattels: Used when the sale includes specific chattels or fixtures

2. Tenancies: Required when the property is subject to existing tenancies

3. GST Provisions: Included when either party is GST-registered or the transaction is subject to GST

4. Resource Management Compliance: Needed for properties with specific resource management considerations

5. Building Compliance: Required for properties with outstanding building consents or compliance issues

6. Overseas Investment Provisions: Necessary when the intended purchaser may be an overseas person

7. Conditions Precedent: Used when the sale is subject to specific conditions being met

8. Development Provisions: Included for properties under development or with development potential

Suggested Schedules

1. Schedule 1 - Property Description: Detailed legal description, title references, and property boundaries

2. Schedule 2 - Purchase Price Calculation: Breakdown of purchase price, deposits, and payment structure

3. Schedule 3 - Included Chattels: Itemized list of chattels included in the sale

4. Schedule 4 - Excluded Items: List of items specifically excluded from the sale

5. Schedule 5 - Special Conditions: Any special conditions or requirements specific to the sale

6. Appendix A - Title Documents: Copies of relevant title documents and plans

7. Appendix B - LIM Report: Land Information Memorandum report details

8. Appendix C - Building Reports: Relevant 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
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Relevant Industries

Real Estate

Commercial Property

Industrial Property

Retail

Agriculture

Hospitality

Manufacturing

Logistics

Construction

Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Commercial

Operations

Business Development

Asset Management

Investment

Risk Management

Relevant Roles

Property Lawyer

Real Estate Agent

Property Manager

Commercial Property Director

Legal Counsel

Conveyancing Manager

Property Development Manager

Asset Manager

Investment Manager

Compliance Officer

Real Estate Transaction Coordinator

Property Portfolio Manager

Business Development Manager

Corporate Lawyer

Real Estate Broker

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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