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Simple Land Purchase Agreement
"I need a Simple Land Purchase Agreement for a residential property in Auckland, New Zealand, with settlement scheduled for March 15, 2025, including special conditions for a building inspection and finance approval."
1. Parties: Identifies and provides full legal details of the vendor and purchaser
2. Background: Outlines the context of the agreement, including brief property description and parties' intention to sell/purchase
3. Definitions: Defines key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including legal description, title references, and included fixtures/fittings
5. Purchase Price: States the agreed purchase price and payment terms including deposit requirements
6. Settlement: Details of settlement date, time, and process including requirements for payment completion
7. Title and Transfer: Provisions regarding transfer of title and associated requirements
8. Property Inspection: Terms regarding the purchaser's right to inspect the property before settlement
9. Vendor's Warranties: Standard warranties provided by the vendor regarding the property
10. Default: Consequences and remedies in case either party defaults on their obligations
11. General Provisions: Standard contractual terms including notices, amendments, and governing law
12. Execution: Signature blocks and execution requirements
1. Conditions Precedent: Used when the agreement is subject to specific conditions such as finance, building inspection, or LIM report
2. Tenancy Provisions: Required if the property is sold with existing tenants or tenancy agreements
3. GST Provisions: Included when either party is GST registered or the transaction has GST implications
4. Unit Title Provisions: Required if the property is a unit title under the Unit Titles Act
5. Overseas Investment Provisions: Required if the purchaser is an overseas person under the Overseas Investment Act
6. Building Warranties: Included for newly constructed properties or recent renovations
7. Remediation Provisions: Used when there are known issues requiring remediation post-settlement
8. Vendor's Works: Required when the vendor needs to complete specific works before settlement
1. Schedule 1 - Property Details: Detailed property description, including title references, legal description, and land area
2. Schedule 2 - Included Chattels: Itemized list of chattels included in the sale
3. Schedule 3 - Payment Schedule: Breakdown of payment terms including deposit and settlement payments
4. Schedule 4 - Warranties: Detailed list of vendor's warranties about the property
5. Appendix A - Title Documents: Copy of the property's certificate of title and relevant instruments
6. Appendix B - LIM Report: Land Information Memorandum report if obtained
7. Appendix C - Property Plans: Relevant plans, including floor plans and site plans
8. Appendix D - Inspection Reports: Any building, methamphetamine, or other relevant inspection reports
Authors
Real Estate
Legal Services
Banking and Finance
Property Development
Construction
Agriculture
Commercial Property
Residential Property
Property Investment
Urban Planning
Legal
Real Estate
Property Management
Compliance
Risk Management
Operations
Finance
Sales
Business Development
Document Management
Real Estate Agent
Property Lawyer
Conveyancing Lawyer
Property Manager
Land Developer
Property Developer
Real Estate Broker
Title Officer
Property Consultant
Legal Counsel
Mortgage Broker
Property Valuer
Settlement Officer
Compliance Officer
Real Estate Transaction Coordinator
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