Property Purchase Option Agreement Template for New Zealand

1. Due Diligence: Terms for conducting property investigations, used when the option holder requires a due diligence period

2. Deposit: Terms relating to any deposit required, used when a deposit is part of the option arrangement

3. Property Access: Terms for accessing the property during the option period, used when inspection or access rights are granted

4. Assignment: Terms governing the ability to assign the option rights, used when assignment might be contemplated

5. Overseas Investment: Provisions relating to overseas investment approval, used when the option holder is a foreign investor

6. Real Estate Agent: Provisions relating to agent involvement, used when real estate agents are involved in the transaction

7. GST: GST treatment and obligations, used when the transaction has GST implications

8. Mortgagee Consent: Requirements for mortgagee consent, used when the property is subject to a mortgage

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

2. Option Exercise Notice: Pro forma notice for exercising the option

3. Purchase Price Calculation: Details of how the purchase price is calculated, including any adjustments

4. Due Diligence Requirements: Specific requirements and checklist for due diligence investigations

5. Permitted Encumbrances: List of permitted encumbrances that will remain on the title

6. Special Conditions: Any special conditions or requirements specific to the property or transaction