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14 Day Notice Of Intention To Sell

14 Day Notice Of Intention To Sell Template for New Zealand

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Key Requirements PROMPT example:

14 Day Notice Of Intention To Sell

"I need to draft a 14 Day Notice of Intention to Sell for my residential property in Auckland, with the notice period starting from March 15, 2025, and I want to include specific provisions for property viewings during the notice period."

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Document background
The 14 Day Notice of Intention to Sell is a mandatory legal document in New Zealand's property law framework. It is typically used when a property owner (mortgagor) wishes to sell their mortgaged property and must formally notify their lender (mortgagee) of this intention. The document must comply with the Property Law Act 2007 and related New Zealand legislation, requiring a minimum 14-day notice period before proceeding with the sale. This notice includes essential information such as property details, mortgage information, proposed timeline, and all relevant party details. The document serves as a protective measure for both mortgagor and mortgagee interests, ensuring transparency and legal compliance in the property sale process. It is particularly important in scenarios involving existing mortgages, refinancing, or when changing lenders.
Suggested Sections

1. Notice Header: Clear identification as '14 Day Notice of Intention to Sell' with date and reference number

2. Mortgagee Details: Full legal name and contact details of the lending institution/mortgagee

3. Mortgagor Details: Full legal name and contact details of the property owner/mortgagor

4. Property Details: Complete legal description of the property including title reference

5. Mortgage Details: Mortgage number, date of mortgage, and registration details

6. Notice of Intention: Clear statement of intention to sell the property after 14 days

7. Legal Basis: Reference to relevant sections of the Property Law Act 2007

8. Timeline: Specific dates and deadlines for the notice period

9. Signature Block: Space for mortgagor's signature and date

Optional Sections

1. Multiple Mortgagees: Additional section required when there are multiple mortgagees to be notified

2. Tenancy Details: Required if the property is currently tenanted, including tenant rights and notice requirements

3. Property Access: Details about property access for viewings and inspections if already arranged

4. Current Market Valuation: Include if a recent valuation has been obtained and is relevant to the sale

5. Sale Method: If the intended method of sale (auction, private treaty, etc.) has been determined

Suggested Schedules

1. Property Schedule: Detailed description of the property including lot number, certificate of title, and physical address

2. Mortgage Documentation: Copies of relevant mortgage documents and registration details

3. Property Photos: Recent photographs of the property (if relevant)

4. Valuation Report: Current market valuation report if available

5. Service Details: Record of how and when the notice was served to relevant parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Banking & Finance

Real Estate

Legal Services

Property Management

Mortgage Services

Residential Property

Commercial Property

Valuation Services

Relevant Teams

Legal

Mortgage Services

Property Management

Credit Assessment

Compliance

Real Estate Sales

Customer Relations

Document Processing

Property Valuations

Relevant Roles

Mortgage Officer

Property Lawyer

Real Estate Agent

Property Manager

Legal Counsel

Conveyancer

Banking Relationship Manager

Credit Manager

Compliance Officer

Property Valuer

Mortgage Broker

Settlement Officer

Industries
Property Law Act 2007: Primary legislation governing real estate transactions in New Zealand, including requirements for property notices and sales
Credit Contracts and Consumer Finance Act 2003: Relevant for properties with existing mortgages, governing the relationship between lenders and borrowers during property sales
Fair Trading Act 1986: Ensures fair trading practices and prevents misleading or deceptive conduct in property transactions
Real Estate Agents Act 2008: Regulates real estate agents' conduct and their obligations in property sales processes
Contract and Commercial Law Act 2017: Provides the general framework for formation and enforcement of contracts, including property sale agreements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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