Buying guide
Understanding a Sale & Purchase Agreement in NZ
You can’t buy or sell a house in NZ without both parties signing a sale and purchase agreement.
AI summary
A Sale & Purchase Agreement is the legally binding contract essential for any property transaction in New Zealand. It outlines all terms, conditions, and timelines, so it's critical for both buyers and sellers to get legal advice before signing.
The agreement includes the price, deposit, chattels, and key dates. It is often conditional upon:
- Securing finance
- A satisfactory building report
- A LIM report
Once all conditions are met, the agreement becomes unconditional, legally committing both parties to the sale.
What is a sale and purchase agreement?
Before you sign a sale and purchase agreement, make sure you have all these things checked.
What does a sale and purchase agreement include?
Both buyers and sellers can add conditions to a sale and purchase agreement.
Conditional vs. unconditional agreements
Checking your pre-settlement obligations
What if you can’t meet the conditions?
Author
Discover More
Tucked into native bush: Landmark late 1950s Lockwood home hits the market on Lake Rotoiti
A landmark Lockwood home on Lake Rotoiti offers bush seclusion, architectural features and private lake access.
Award-winning coastal retreat built to touch Golden Bay hillside lightly up for sale
An award-winning Golden Bay retreat blends thoughtful architecture, native bush and sweeping coastal views.
Search
Other articles you might like
