Standard Sale And Purchase Agreement Nz

Standard Sale And Purchase Agreement Nz

Before signing a sales contract, the agent must give you a copy of the REA New Zealand Residential Property Sale and Purchase Agreement Guide. You should also ask yourself to confirm in writing that you have received it. One of the most serious issues we address is that a licensee does not properly account for the buyer`s and/or seller`s GST status in the sales agreement and does not forward the parties to the independent expert board on GST matters. Adding a sunset clause to the sales contract allows you to be sure that your offer has been accepted or declined until that date and time, so you are free to offer on other real estate. If you make an offer for another property while waiting to hear about your first offer, you could find yourself in a situation where both offers are accepted and you have committed to buying two properties…