Deed Of Sale Assumption Of Mortgage Template for New Zealand

1. Body Corporate Provisions: Required for apartments or units under body corporate management, addressing body corporate rules and obligations

2. Tenant Provisions: Required if the property is currently tenanted, addressing existing tenancy agreements

3. GST Provisions: Required if either party is GST-registered and the transaction has GST implications

4. Rural Provisions: Required for rural properties, addressing specific rural considerations like stock, equipment, or agricultural leases

5. Guarantee: Required if there are personal or corporate guarantors for the mortgage assumption

6. Conditions Precedent: Required if there are specific conditions that must be met before settlement

7. Property Management: Required if there are specific property management arrangements to be transferred

1. Property Schedule: Detailed description of the property including title references, boundaries, and improvements

2. Mortgage Schedule: Details of the existing mortgage including loan number, outstanding balance, payment terms, and security arrangements

3. Chattels Schedule: List of chattels included in the sale

4. Payment Schedule: Detailed breakdown of payment terms, including deposit, settlement payment, and ongoing mortgage payments

5. Due Diligence Results: Summary of property investigations, title searches, and other due diligence findings

6. Disclosure Schedule: Required disclosures about the property's condition, outstanding notices, or compliance issues

7. Existing Encumbrances: List of any existing encumbrances, easements, or covenants affecting the property