Pay Off Agreement Template for New Zealand

1. Security: Include when the debt is secured against assets or requires new security arrangements

2. Guarantor Provisions: Required when a guarantor is involved in securing the debt or payment arrangement

3. Tax Implications: Include when there are specific tax consequences of the settlement that need to be acknowledged

4. Confidentiality: Add when parties require specific confidentiality provisions beyond standard privacy obligations

5. Insurance Requirements: Include when insurance must be maintained on secured assets or the debtor's life

6. Early Payment Provisions: Add when there are specific terms for early payment or settlement discounts

7. Third Party Rights: Required when other creditors or interested parties need to be considered in the arrangement

1. Schedule 1: Payment Schedule: Detailed breakdown of payment amounts, dates, and methods

2. Schedule 2: Original Debt Documentation: Copies or details of the original debt agreements or instruments

3. Schedule 3: Security Details: Description of any assets or securities provided as part of the arrangement

4. Appendix A: Statement of Outstanding Debt: Detailed calculation of the current debt including principal, interest, and any fees

5. Appendix B: Direct Debit Authorization: If applicable, the direct debit setup forms and authorization

6. Appendix C: Credit Report Authorization: If required, authorization for credit reporting and monitoring