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Real Estate Agreement
"I need a Real Estate Agreement for a commercial property purchase in Auckland CBD, including provisions for existing retail tenants and body corporate rules, with settlement scheduled for March 2025."
1. Parties: Identification of the vendor and purchaser, including full legal names, addresses, and any relevant company/trust details
2. Background: Context of the transaction, including brief property description and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpretation
4. Property Details: Comprehensive description of the property, including legal description, certificate of title details, and included chattels
5. Purchase Price: Specified purchase price, payment structure, and deposit requirements
6. Settlement and Possession: Settlement date, possession arrangements, and key timelines
7. Title and Transfer: Requirements for title transfer, including any requisitions and objections process
8. Vendor's Warranties: Standard warranties about the property's condition, title, and compliance with laws
9. Purchaser's Warranties: Confirmations regarding financing, due diligence, and authority to purchase
10. Risk and Insurance: Allocation of risk and insurance requirements until settlement
11. Default: Consequences of default by either party and available remedies
12. General Provisions: Standard contract clauses including notices, amendment process, and governing law
13. Execution: Signing provisions and attestation requirements
1. Due Diligence Condition: Used when purchaser requires a due diligence period to investigate the property
2. Finance Condition: Included when the purchase is subject to the purchaser obtaining satisfactory financing
3. Land Information Memorandum Condition: When the agreement is conditional on reviewing the LIM report
4. Building Report Condition: Used when a building inspection is required as a condition
5. Tenancy Provisions: Required when the property is sold with existing tenants
6. GST Provisions: Included when either party is GST registered or the transaction involves GST
7. Unit Title Provisions: Required for unit title properties, including body corporate details
8. Overseas Investment Office Approval: Required when the purchaser needs OIO approval
9. Development Provisions: Used when the property has development potential or restrictions
10. Subdivision Provisions: Included when the agreement relates to a property being subdivided
1. Schedule 1 - Property Details: Detailed description of land, improvements, and included chattels
2. Schedule 2 - Chattels List: Itemized list of all chattels included in the sale
3. Schedule 3 - Special Conditions: Any special conditions agreed between the parties
4. Appendix A - Title Documents: Copy of certificate of title and relevant instruments
5. Appendix B - LIM Report: Land Information Memorandum report when obtained
6. Appendix C - Property Plans: Floor plans, site plans, and other relevant property plans
7. Appendix D - Tenancy Information: Details of existing tenancies if applicable
8. Appendix E - Body Corporate Information: Body corporate rules and information for unit titles
9. Appendix F - Property Inspection Reports: Any building, methamphetamine, or other inspection reports
10. Appendix G - Photographs: Photographs of the property and chattels as at agreement date
Authors
Building
Business Day
Chattels
Completion
Conditions Date
Default Interest Rate
Deposit
Due Diligence Period
Encumbrance
GST
Improvements
Land
Land Transfer Office
LIM Report
Local Authority
Possession Date
Property
Purchase Price
Purchaser
Requisitions
Settlement
Settlement Date
Settlement Statement
Title
Transfer
Unit Title
Vendor
Working Day
Certificate of Title
Permitted Encumbrances
Records of Title
Default
Force Majeure Event
Lease
Objections
Registration
Tenancies
Warranties
Works
Property Description
Price and Payment
Title Transfer
Settlement
Possession
Deposit
Due Diligence
Finance
Conditions Precedent
Property Inspection
Land Information Memorandum
Warranties
Risk and Insurance
Default
Property Access
Chattels
GST
Tenancies
Unit Title Provisions
Overseas Investment
Local Authority Compliance
Environmental Matters
Subdivision
Development Rights
Encumbrances
Notice
Assignment
Dispute Resolution
Governing Law
Force Majeure
Severability
Entire Agreement
Variation
Costs
Confidentiality
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Investment
Residential Housing
Commercial Property
Agriculture (for rural properties)
Hospitality (for commercial properties)
Retail (for commercial properties)
Legal
Real Estate
Property Management
Compliance
Risk Management
Finance
Operations
Business Development
Administrative Support
Investment
Due Diligence
Real Estate Agent
Property Lawyer
Conveyancing Specialist
Property Manager
Commercial Property Director
Real Estate Transaction Coordinator
Property Development Manager
Investment Manager
Legal Counsel
Compliance Officer
Risk Manager
Chief Financial Officer
Operations Manager
Business Development Manager
Settlement Officer
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