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, making legal advice essential before signing. It details the price, deposit, chattels, and key dates like the unconditional and settlement dates.
An agreement can be conditional, subject to finance or a building report. Once all conditions are met, the agreement becomes unconditional, legally committing both parties to the sale. Failure to complete an unconditional deal can lead to significant financial penalties.
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
This home reno did more than knock down walls — it gave one man his independence back
Award-winning renovation transforms home and restores a tetraplegic homeowner's independence.
Paritai Drive: Inside one of New Zealand’s most expensive streets
The market, the homes, and the history of an Orakei landmark.
Search
Other articles you might like
