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Apartment Sale And Purchase Agreement
"I need an Apartment Sale and Purchase Agreement for a newly constructed luxury apartment in Auckland CBD, with settlement scheduled for March 2025, including specific provisions for off-the-plan purchase and staged payments."
1. Parties: Identification of the vendor and purchaser, including full legal names and addresses
2. Background: Context of the transaction and property description, including unit title details
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Specific details of the apartment unit, including unit number, floor level, and car park allocation
5. Purchase Price: The agreed purchase price and payment terms, including deposit requirements
6. Settlement and Possession: Settlement date, key handover, and possession arrangements
7. Title and Transfer: Details about the unit title and transfer process
8. Body Corporate: Information about body corporate rules, fees, and obligations
9. Vendor's Warranties: Warranties provided by the vendor regarding the property
10. Purchaser's Warranties: Warranties provided by the purchaser, including finance and eligibility to purchase
11. Pre-settlement Obligations: Obligations of both parties before settlement, including maintenance and insurance
12. Default: Consequences of default by either party
13. General Terms: Standard contract terms including notices, amendments, and governing law
14. Execution: Signing provisions and date of agreement
1. Overseas Investment: Required when purchaser is an overseas person under the Overseas Investment Act
2. GST: Required when the transaction involves GST considerations
3. Tenant Rights: Required when the apartment is sold with existing tenants
4. Development or Renovation: Required when the apartment is under construction or scheduled for renovation
5. Mortgage Finance: Required when purchase is conditional on obtaining mortgage finance
6. Building Report: Required when purchase is conditional on a satisfactory building inspection
7. Sale of Purchaser's Property: Required when purchase is conditional on sale of purchaser's existing property
1. Schedule 1 - Property Details: Detailed description of the apartment, including floor plan and specifications
2. Schedule 2 - Chattels: List of chattels included in the sale
3. Schedule 3 - Body Corporate Rules: Current body corporate operational rules
4. Schedule 4 - Unit Title Disclosure: Pre-contract disclosure statement required under Unit Titles Act
5. Schedule 5 - Building Report: Technical information about the building's condition and compliance
6. Schedule 6 - Title Documents: Copy of unit title and relevant encumbrances
7. Appendix A - Maintenance Schedule: Details of building maintenance history and future requirements
8. Appendix B - Body Corporate Minutes: Recent body corporate meeting minutes and financial statements
9. Appendix C - LIM Report: Land Information Memorandum report from the local council
Authors
Apartment
Accessory Unit
Body Corporate
Body Corporate Rules
Building
Business Day
Chattels
Common Property
Completion Date
Conditions
Default Interest Rate
Deposit
Due Diligence
Encumbrance
GST
Land
Land Transfer Office
Levies
LIM Report
Operating Account
Long Term Maintenance Fund
Possession Date
Principal Unit
Purchase Price
Pre-settlement Disclosure Statement
Record of Title
Settlement
Settlement Date
Settlement Statement
Unit Plan
Unit Title
Unit Entitlement
Utilities
Vendor's Agent
Working Day
Agreement to Sell and Purchase
Purchase Price
Deposit
Title and Registration
Unit Title Provisions
Body Corporate
Risk and Insurance
Warranties
Due Diligence
Pre-settlement Disclosure
Settlement
Possession
Default
Chattels
Property Inspection
GST
Assignment
Notices
Finance Condition
Building Inspection
Land Information Memorandum
Overseas Investment
Solicitor Approval
Conditions Precedent
Property Access
Maintenance
Representations
Governing Law
Dispute Resolution
Force Majeure
Entire Agreement
Severability
Further Assurance
Costs
Real Estate
Legal Services
Banking and Finance
Property Management
Construction and Building Inspection
Property Development
Insurance
Property Valuation
Legal
Real Estate
Property Management
Conveyancing
Settlements
Compliance
Property Development
Sales
Customer Service
Documentation
Risk Management
Real Estate Agent
Property Lawyer
Conveyancing Lawyer
Body Corporate Manager
Property Manager
Bank Manager
Mortgage Broker
Property Valuer
Building Inspector
Real Estate Partner
Conveyancing Partner
Property Law Associate
Legal Executive
Settlement Officer
Compliance Officer
Property Developer
Real Estate Transaction Coordinator
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