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 for any NZ property transaction, detailing the price, deposit, chattels, and key dates. It is essential to get legal advice before signing.
The agreement can be conditional, allowing time for finance or building reports. Once all conditions are met, it becomes unconditional, locking in the sale. The buyer has the right to a pre-settlement inspection to ensure the property's condition hasn't changed before final payment.
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
Search
Other articles you might like
