Property Contract for New Zealand

Property Contract Template for New Zealand

A comprehensive legal agreement governed by New Zealand law that facilitates the transfer of property ownership from a vendor to a purchaser. This document outlines all essential aspects of the property transaction, including property details, purchase price, settlement terms, conditions of sale, and warranties. It incorporates requirements from various New Zealand statutes including the Property Law Act 2007 and the Land Transfer Act 2017, ensuring compliance with local property regulations while protecting the interests of all parties involved in the transaction.

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
Property Contract

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 Property Contract?

The Property Contract serves as the primary legal instrument for property transactions in New Zealand, establishing the rights and obligations of both vendors and purchasers. This document is essential for any transfer of real property, whether residential or commercial, and must comply with New Zealand's property law framework, including the Property Law Act 2007, Land Transfer Act 2017, and other relevant legislation. It includes crucial elements such as property description, purchase price, settlement terms, conditions precedent, warranties, and default provisions. The contract is designed to protect all parties' interests while ensuring a smooth property transfer process, and can be customized to accommodate various property types and special conditions.

What sections should be included in a Property Contract?

1. Parties: Identification of the vendor and purchaser, including full legal names, addresses, and any relevant company/trust details

2. Background: Context of the transaction, including brief property description and purpose of the agreement

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpretation

4. Property Description: Detailed description of the property including legal description, certificate of title details, and boundaries

5. Purchase Price: Specified purchase price, deposit requirements, and payment terms

6. Settlement and Possession: Settlement date, possession arrangements, and key milestones

7. Title and Transfer: Requirements for clear title, transfer processes, and land registration details

8. Warranties and Undertakings: Vendor's warranties about the property and undertakings from both parties

9. Conditions: Standard conditions including due diligence, finance, and building inspection requirements

10. Risk and Insurance: Allocation of risk and insurance requirements until settlement

11. Default: Consequences of default by either party and available remedies

12. General Provisions: Standard contract clauses including notices, entire agreement, and governing law

13. Execution: Signing provisions and execution requirements

What sections are optional to include in a Property Contract?

1. Tenancies: Required when the property is sold with existing tenants, detailing tenant rights and obligations

2. GST Provisions: Required when either party is GST registered or the transaction has GST implications

3. Development Rights: When the property has potential for development or subdivision

4. Body Corporate: Required for unit title properties, including body corporate rules and obligations

5. Chattels: Detailed section when significant chattels are included in the sale

6. Building Warranties: For new builds or recently constructed properties

7. Resource Consent Conditions: When the property is subject to specific resource consent conditions

8. Overseas Investment: Required when the purchaser is an overseas person under the Overseas Investment Act

What schedules should be included in a Property Contract?

1. Schedule 1 - Property Details: Comprehensive property details including certificate of title, easements, and encumbrances

2. Schedule 2 - Chattels List: Detailed inventory of all chattels included in the sale

3. Schedule 3 - Special Conditions: Any special conditions agreed between the parties

4. Schedule 4 - Tenancy Schedule: Details of existing tenancies including terms, rents, and bond information

5. Appendix A - LIM Report: Land Information Memorandum report from the local council

6. Appendix B - Title Documents: Copy of certificate of title and relevant title documents

7. Appendix C - Plans and Drawings: Property plans, boundary maps, and building drawings if relevant

8. Appendix D - Building Reports: Any building inspection reports or compliance documents

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
Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Financial Services

Property Management

Residential Housing

Commercial Property

Agriculture (for rural properties)

Hospitality (for commercial properties)

Retail (for commercial properties)

Relevant Teams

Legal

Real Estate

Property Management

Conveyancing

Commercial Property

Compliance

Risk Management

Finance

Operations

Business Development

Relevant Roles

Real Estate Agent

Property Lawyer

Conveyancing Specialist

Property Manager

Commercial Property Agent

Legal Counsel

Property Developer

Settlement Officer

Mortgage Broker

Property Valuer

Building Inspector

Real Estate Partner

Property Consultant

Compliance Officer

Title Officer

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