The Owner to Owner House Sale Contract is specifically designed for private property sales in New Zealand where owners choose to conduct the transaction without real estate agent involvement. This document is essential when property owners wish to maintain direct control over the sale process while ensuring compliance with New Zealand property law requirements. It encompasses all necessary legal elements including property description, purchase price, payment terms, settlement conditions, warranties, and statutory disclosures. The contract must comply with various New Zealand legislation including the Property Law Act 2007, Land Transfer Act 2017, and relevant consumer protection laws. It's particularly useful for sellers looking to save on agent commissions while maintaining legal protection, though professional legal advice is still recommended for both parties.
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1. Parties: Identification and details of the vendor and purchaser
2. Background: Context of the sale and brief property description
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Agreement to Sell and Purchase: Core agreement terms including property details and purchase price
5. Payment Terms: Details of deposit and balance payment, including payment schedule
6. Settlement and Possession: Settlement date, possession arrangements, and key handover details
7. Title and Transfer: Title transfer obligations and requirements
8. Property Inspection and Condition: Current condition of property and inspection rights
9. Vendor's Warranties: Standard warranties about the property and title
10. Purchaser's Warranties: Purchaser's confirmations and warranties
11. Default and Remedies: Consequences of default by either party
12. General Provisions: Standard contract clauses including notices, governing law, etc.
13. Execution: Signing provisions and date
1. Chattels: Detailed section about included/excluded chattels when significant items are involved
2. Property Tenancies: Required when the property has existing tenants and tenancy arrangements
3. GST Provisions: Required when either party is GST-registered or property may be subject to GST
4. Land Covenants: Required when property is subject to specific land covenants or restrictions
5. Building Warranties: Required for newer properties or recent renovations with ongoing warranties
6. Body Corporate: Required for apartments or units under body corporate management
7. Overseas Investment: Required when purchaser is an overseas person under NZ law
8. Conditional Upon Sale: Required when purchase is conditional on sale of purchaser's property
1. Property Details Schedule: Detailed description of property including title references and legal description
2. Chattels Schedule: Comprehensive list of included and excluded chattels
3. Payment Schedule: Detailed breakdown of payment terms and dates
4. Property Disclosure Statement: Vendor's disclosures about property condition and known issues
5. Land Information Memorandum: Council information about the property (usually attached as reference)
6. Title Documents: Copy of title and relevant registered documents
7. Building Reports: Any existing building inspection reports or certificates
8. Conditions Schedule: Detailed list of any special conditions and their timeframes
Relevant legal definitions
Agreement
Business Day
Chattels
Completion
Deposit
Default Interest Rate
Due Date
Encumbrance
GST
Land
LINZ
LIM Report
Possession Date
Property
Purchase Price
Rate of Interest
Record of Title
Settlement
Settlement Date
Settlement Statement
Title
Transfer
Unit Title
Vendor's Warranties
Working Day
Contract Date
Purchaser
Vendor
Permitted Encumbrances
Payment Date
Default Event
Building Act
Property Law Act
Land Transfer Act
Residential Property
Working Hours
Notice
Bank
Solicitor
Tenancies
Improvements
Rates
Title Memorials
Outgoings
Business Day
Chattels
Completion
Deposit
Default Interest Rate
Due Date
Encumbrance
GST
Land
LINZ
LIM Report
Possession Date
Property
Purchase Price
Rate of Interest
Record of Title
Settlement
Settlement Date
Settlement Statement
Title
Transfer
Unit Title
Vendor's Warranties
Working Day
Contract Date
Purchaser
Vendor
Permitted Encumbrances
Payment Date
Default Event
Building Act
Property Law Act
Land Transfer Act
Residential Property
Working Hours
Notice
Bank
Solicitor
Tenancies
Improvements
Rates
Title Memorials
Outgoings
Clauses
Agreement to Sell and Purchase
Property Description
Purchase Price
Deposit
Settlement
Title Transfer
Property Access
Due Diligence
Warranties and Representations
Risk and Insurance
Default and Remedies
Property Inspection
Chattels
Land Covenants
Title Requirements
GST Provisions
Property Disclosure
Settlement Obligations
Possession
Outgoings and Apportionments
Building Compliance
Environmental Matters
Land Use
Regulatory Compliance
Force Majeure
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Governing Law
Execution
Property Description
Purchase Price
Deposit
Settlement
Title Transfer
Property Access
Due Diligence
Warranties and Representations
Risk and Insurance
Default and Remedies
Property Inspection
Chattels
Land Covenants
Title Requirements
GST Provisions
Property Disclosure
Settlement Obligations
Possession
Outgoings and Apportionments
Building Compliance
Environmental Matters
Land Use
Regulatory Compliance
Force Majeure
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Governing Law
Execution
Relevant Industries
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Property Management
Professional Services
Insurance
Relevant Teams
Legal
Property
Conveyancing
Real Estate
Mortgage Services
Risk Management
Compliance
Document Control
Property Development
Advisory Services
Relevant Roles
Property Owner
Property Lawyer
Conveyancing Lawyer
Legal Counsel
Property Manager
Bank Manager
Mortgage Advisor
Property Valuer
Building Inspector
Insurance Advisor
Title Officer
Property Consultant
Financial Advisor
Contract Administrator
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