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As Is Real Estate Contract
"I need an As Is Real Estate Contract for the sale of a commercial warehouse property in Auckland, New Zealand, with settlement scheduled for March 15, 2025, that includes specific provisions for existing tenant rights and known structural issues."
1. Parties: Identifies and provides full legal details of the vendor and purchaser
2. Background: Establishes the context of the sale, including property ownership and intention to sell/purchase
3. Definitions: Defines key terms used throughout the agreement
4. Property Details: Full legal description of the property, including title details and physical address
5. Purchase Price: States the agreed purchase price and payment terms
6. Deposit: Specifies deposit amount, payment timing, and holding arrangements
7. As Is Condition: Explicitly states that the property is sold 'as is, where is' with no warranties
8. Settlement and Possession: Details the settlement date and possession arrangements
9. Title and Transfer: Outlines requirements for title transfer and registration
10. Risk and Insurance: Addresses property risk transfer and insurance requirements
11. Default: Specifies consequences of default by either party
12. Notices: Details how formal notices between parties should be given
13. General Terms: Standard contract terms including governing law and interpretation
1. Tenant Rights: Required if the property is sold with existing tenants, outlining their rights and arrangements
2. Chattels: Include when specific chattels are included or excluded from the sale
3. Due Diligence: Optional clause allowing buyer to conduct investigations before proceeding
4. Finance Condition: Include if purchase is subject to buyer obtaining finance
5. Land Information Memorandum: Include if LIM report is to be obtained as a condition
6. Building Report: Include if a building inspection is to be conducted as a condition
7. GST: Required if either party is GST registered or if property is part of a taxable activity
8. Unit Title Provisions: Required if property is a unit title, including body corporate details
9. Overseas Investment: Required if purchaser is an overseas person under the Overseas Investment Act
1. Schedule 1: Property Details: Detailed property description, including certificate of title, legal description, and area
2. Schedule 2: Chattels: Itemized list of chattels included or excluded from the sale
3. Schedule 3: Special Conditions: Any special conditions agreed between the parties
4. Schedule 4: Warranties and Undertakings: Limited warranties given by vendor, if any
5. Schedule 5: Known Defects: List of known defects or issues with the property
6. Appendix A: Title Documents: Copy of certificate of title and relevant instruments
7. Appendix B: Property Plans: Plans, drawings, or surveys of the property
8. Appendix C: Disclosure Information: Required disclosures under New Zealand law
9. Appendix D: Body Corporate Information: Required for unit titles, including body corporate rules and information
Authors
As Is Condition
Business Day
Certificate of Title
Chattels
Completion Date
Conditions
Deposit
Due Diligence Period
Encumbrance
GST
Improvements
Land
Land Information Memorandum (LIM)
LINZ
Local Authority
Notice
Property
Purchase Price
Settlement Date
Settlement
Title
Transfer
Unit Title
Vendor's Solicitor
Purchaser's Solicitor
Working Day
Default
Possession Date
Known Defects
Permitted Encumbrances
Property Information
Records of Title
Registration
Council
Body Corporate
Purchase Agreement
Physical Condition
Disclosure Statement
Settlement Statement
Purchase Price
Payment Terms
As Is Condition
Property Transfer
Settlement
Title
Deposit
Due Diligence
Risk and Insurance
Warranties
Property Access
Default
Remedies
Force Majeure
Notices
Assignment
Chattels
Property Inspection
Disclosure
Title Search
Conditions Precedent
GST
Governing Law
Dispute Resolution
Termination
Possession
Body Corporate
Land Information
Property Defects
Registration
Amendments
Survival
Entire Agreement
Severability
Real Estate
Property Development
Construction
Legal Services
Banking and Finance
Property Management
Insurance
Property Investment
Urban Planning
Architecture
Legal
Real Estate
Property Management
Compliance
Risk Management
Operations
Settlements
Commercial Property
Business Development
Documentation
Due Diligence
Real Estate Agent
Property Lawyer
Conveyancing Specialist
Property Manager
Real Estate Broker
Commercial Property Director
Legal Counsel
Property Development Manager
Risk Manager
Settlement Officer
Compliance Officer
Property Valuer
Building Inspector
Real Estate Transaction Coordinator
Property Investment Advisor
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