There was a time when the sale and purchase of residential property was done on a simple unilateral document. The document was concise, simple and easy to understand and, most importantly, it was legal and binding. Those in the real estate sector who remember this form of documentation state that the unilateral agreement met the requirements of the time when there was less litigation and less legal intervention than today. But change is inevitable and we are now working with an agreement that is close to 20 pages! The estate agent or licensed seller making the sale makes available to the buyer and seller a copy of the New Zealand Residential Property Property Sale and Purchase Agreement Guide. The seller pays the real estate agent or seller for his services. The agent cannot ask you to pay for their services if they were hired by the seller. There is no universal sales contract – there are several agreements that are used by different agencies, each with different clauses and conditions that buyers and sellers should abide by. The information on this page should give you a general idea of what is contained in a sales contract, but you should always seek legal advice before signing The sales contract may contain a specific date of ownership that may differ from the invoice date, for example where the property is rented. If the property is rented, this should be indicated in the sales contract. Depending on what is written in the agreement, you can pay the acompt- you if you sign the agreement or if the agreement becomes unconditional. A sales contract becomes unconditional if all the conditions are met.
The seller must ensure that all goods on lists 2 and 3 are in the same condition as when the contract was signed, with the exception of appropriate wear and tear. However, the seller now has an additional obligation to ensure that the goods listed in Annex 3 are in perfect condition. Other conditions: There are a number of other conditions that a buyer may need to include in a sales contract. The 10th edition highlights on the front page, some of which are the obtaining of a Country Information Report (MWL), for which a new 15-working day proposal is proposed, the approval of the Overseas Investment Office (OIA) and the approval of the Land Act. .