Divorce Buyout Agreement Form for New Zealand

Divorce Buyout Agreement Form Template for New Zealand

A Divorce Buyout Agreement Form is a legal document used in New Zealand that facilitates the transfer of ownership of relationship property from one former spouse/partner to another as part of divorce proceedings. The document outlines the terms and conditions of the property buyout, including the purchase price, payment terms, and transfer arrangements. It must comply with New Zealand's Property (Relationships) Act 1976 and related legislation, ensuring fair division of relationship property. The agreement typically includes detailed property descriptions, valuations, payment schedules, and provisions for addressing any existing mortgages or encumbrances.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Divorce Buyout Agreement Form

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Divorce Buyout Agreement Form?

The Divorce Buyout Agreement Form is a crucial document in New Zealand family law, specifically designed for situations where one party wishes to retain ownership of relationship property by buying out the other party's share during divorce proceedings. This agreement is particularly relevant when dealing with significant assets such as the family home, investment properties, or business interests. The document must comply with the Property (Relationships) Act 1976 and other relevant New Zealand legislation, ensuring fair and equitable property division. It includes comprehensive details about the property being transferred, its agreed value, payment terms, and mechanisms for completing the transfer. The agreement serves as a binding contract between the parties and can be used in conjunction with court proceedings or as part of a settlement agreement.

What sections should be included in a Divorce Buyout Agreement Form?

1. Parties: Identification and details of both parties to the agreement

2. Background: Context of the marriage/relationship, separation status, and reason for the buyout arrangement

3. Definitions: Key terms used throughout the agreement including 'Relationship Property', 'Settlement Date', 'Transfer Price' etc.

4. Property Subject to Buyout: Detailed description of all property included in the buyout arrangement

5. Buyout Terms: Specific terms including purchase price, payment method, and timing of the buyout

6. Transfer Mechanics: Process and requirements for transferring property ownership

7. Representations and Warranties: Statements by both parties regarding property ownership, absence of encumbrances, etc.

8. Tax Considerations: Acknowledgment of tax implications and responsibilities

9. Release of Claims: Mutual release of future claims regarding the bought-out property

10. Governing Law: Confirmation that the agreement is governed by New Zealand law

11. Execution: Signing requirements and date of agreement

What sections are optional to include in a Divorce Buyout Agreement Form?

1. Mortgage and Financing: Required when the buyout involves assumption or refinancing of existing mortgages

2. Business Interests: Needed when the buyout includes shares or interests in business entities

3. Contingent Payments: Used when the buyout includes future or conditional payment arrangements

4. Maintenance Provisions: Required when ongoing maintenance payments are part of the buyout arrangement

5. Third Party Consents: Necessary when the transfer requires approval from banks, trustees, or other parties

6. Dispute Resolution: Optional detailed procedure for resolving future disputes

7. Confidentiality: When parties wish to keep the terms of the buyout private

What schedules should be included in a Divorce Buyout Agreement Form?

1. Schedule A - Property Inventory: Detailed list of all relationship property subject to the buyout

2. Schedule B - Valuation Reports: Professional valuations of major assets included in the buyout

3. Schedule C - Payment Schedule: If payment is to be made in installments, detailed payment timeline

4. Schedule D - Existing Encumbrances: List of mortgages, liens, or other encumbrances affecting the property

5. Appendix 1 - Required Legal Certificates: Copies of legal certificates required for property transfer

6. Appendix 2 - Independent Legal Advice: Certificates of independent legal advice received by both parties

Authors

Alex Denne

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

Jurisdiction

New Zealand

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Legal Services

Financial Services

Real Estate

Banking

Property Management

Family Services

Professional Services

Consulting

Relevant Teams

Legal

Family Law

Property Law

Conveyancing

Settlements

Relationship Property

Dispute Resolution

Client Advisory

Document Processing

Relevant Roles

Family Lawyer

Property Lawyer

Legal Executive

Conveyancer

Financial Advisor

Mortgage Broker

Property Valuer

Family Court Judge

Mediator

Settlement Officer

Legal Associate

Relationship Property Specialist

Family Law Partner

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

Find the exact document you need

Videography Contract

A New Zealand-compliant contract governing professional videography services, outlining service terms, deliverables, and legal obligations between videographers and clients.

find out more

Warrant Agreement

A New Zealand-governed agreement establishing terms for the purchase of securities at a predetermined price and time period, compliant with local financial markets legislation.

find out more

Triple Net Lease Agreement

A New Zealand-compliant commercial lease agreement where tenant pays all property operating expenses including taxes, insurance, and maintenance in addition to base rent.

find out more

Surety Agreement

A New Zealand law-governed agreement where a guarantor assumes responsibility for another party's obligations or debts to a creditor.

find out more

Subscription Agreement

New Zealand-governed agreement establishing terms and conditions for subscription-based services, detailing service delivery, payment terms, and mutual obligations.

find out more

Sub Tenancy Agreement

A legal agreement under New Zealand law that enables a tenant to rent out all or part of their rental property to a subtenant, establishing rights and obligations for all parties involved.

find out more

Short Term Contract

New Zealand-compliant contract template for fixed-term employment or temporary service arrangements, incorporating all essential elements required under NZ employment law.

find out more

Scheduling Agreement

A New Zealand-governed agreement that establishes terms and conditions for scheduled services or deliveries between parties, including timing, performance requirements, and operational procedures.

find out more

Production Contract

A New Zealand-law governed agreement setting out terms and conditions for production of goods or content, including specifications, quality standards, and delivery requirements.

find out more

Probationary Contract

A New Zealand-compliant employment agreement establishing a probationary period for new employees, outlining terms, conditions, and evaluation criteria.

find out more

Private Road Maintenance Agreement

A New Zealand-compliant agreement establishing maintenance responsibilities and cost-sharing arrangements for shared private roads.

find out more

Purchase Proposal

A formal New Zealand business document outlining proposed terms and conditions for purchasing assets, businesses, or properties under NZ law.

find out more

One Year Contract

A one-year contract template compliant with New Zealand law, designed for fixed-term business relationships.

find out more

Novation Agreement

A New Zealand law-governed agreement that transfers contractual rights and obligations from one party to another with the consent of all involved parties.

find out more

Material Contract

A New Zealand law-governed agreement setting out terms and conditions for the supply of materials, including specifications, quality standards, and commercial terms.

find out more

Installment Contract

A New Zealand-compliant agreement for the purchase of goods or services through scheduled installment payments.

find out more

Labor Contract

A New Zealand-compliant employment agreement establishing terms and conditions between employer and employee under NZ employment law.

find out more

Lease Deed

A New Zealand lease deed establishing formal property rental terms between lessor and lessee under NZ property law.

find out more

Informal Contract

A simplified contract template compliant with New Zealand law, designed for basic commercial and service agreements.

find out more

Individual Contract

New Zealand-compliant individual employment agreement establishing terms and conditions between employer and employee.

find out more

Franchise Agreement

A New Zealand-governed agreement establishing the rights and obligations between a franchisor and franchisee for operating a franchised business.

find out more

Form For Independent Contractor

A New Zealand-compliant agreement establishing terms and conditions for engaging independent contractors, defining services, payments, and maintaining contractor status.

find out more

Encroachment Agreement

A New Zealand law-governed agreement that establishes rights and obligations between property owners regarding structural or physical encroachment on neighboring property.

find out more

Executive Contract

A New Zealand-compliant employment agreement for executive-level appointments, establishing comprehensive terms and conditions for senior management roles.

find out more

Deed Of Lease

A formal legal document under New Zealand law establishing the terms and conditions between a landlord and tenant for the lease of property, executed as a deed.

find out more

Contingency Contract

A New Zealand-governed agreement that establishes conditions for payment or performance based on specific triggering events or outcomes.

find out more

Contractor Form

A New Zealand-compliant agreement establishing terms and conditions for engaging independent contractors, including service scope, payment terms, and legal obligations.

find out more

Consent Agreement

A New Zealand-compliant agreement establishing explicit consent for data handling and specific rights between parties under NZ privacy laws.

find out more

Common Agreement

A standardized legal agreement template for business relationships under New Zealand law, suitable for various commercial transactions.

find out more

Business To Business Contract

A New Zealand-governed business-to-business contract template for establishing commercial relationships between organizations.

find out more

Barter Agreement

A New Zealand-compliant agreement facilitating the direct exchange of goods and/or services between parties without monetary payment.

find out more

Agreement To Lease

A New Zealand-compliant preliminary agreement that establishes the terms and conditions for a future lease between landlord and tenant.

find out more

Master Contract

A New Zealand-law governed framework agreement establishing core terms for ongoing business relationships and future transactions.

find out more

Land Lease Agreement Form

A New Zealand-compliant legal agreement establishing terms and conditions for land lease arrangements between landlord and tenant.

find out more

Basic Ordering Agreement

A New Zealand-governed framework agreement establishing terms and conditions for future orders between parties, streamlining recurring procurement processes.

find out more

Franchise Agreement Draft

A New Zealand-governed agreement establishing the rights and obligations between a franchisor and franchisee for operating a franchised business.

find out more

Engagement Contract

A New Zealand-governed contract establishing an independent contractor relationship between a principal and contractor, defining services, terms, and obligations.

find out more

Contract Agreement Form

A standard contract agreement template compliant with New Zealand law, establishing terms and conditions for business relationships.

find out more

Cross Purchase Buy Sell Agreement

A New Zealand-governed agreement establishing terms and procedures for business owners to purchase each other's interests upon specified trigger events.

find out more

Written Agreement

A formal Written Agreement under New Zealand law that establishes legal rights and obligations between parties, ensuring clear terms and enforceable commitments.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now