The Apartment Sale Agreement is a specialized legal document used in New Zealand for transactions involving unit title properties under the Unit Titles Act 2010. This agreement is essential when selling or purchasing an apartment, unit, or flat that is part of a multi-unit complex. It differs from standard property sale agreements by incorporating specific provisions related to body corporate rules, shared facilities, and unit title requirements. The document ensures compliance with New Zealand property law while addressing unique aspects of apartment ownership, including body corporate fees, maintenance responsibilities, and common property rights. It is particularly important in urban areas where apartment living is common and requires careful consideration of both individual unit ownership and shared property responsibilities.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the vendor and purchaser with full legal names and addresses
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the apartment, including unit number, floor level, and share in common property
5. Purchase Price: Agreed purchase price and payment structure, including deposit details
6. Title and Ownership: Details of the unit title and associated ownership rights
7. Settlement and Completion: Settlement date, completion requirements, and possession arrangements
8. Vendor's Warranties: Warranties provided by the vendor regarding the property's condition and title
9. Purchaser's Warranties: Warranties provided by the purchaser regarding financial capacity and legal ability to purchase
10. Body Corporate: Information about body corporate rules, fees, and obligations
11. Risk and Insurance: Allocation of risk and insurance requirements until settlement
12. Default: Consequences of default by either party and remedies available
13. General Provisions: Standard legal provisions including notices, governing law, and execution requirements
1. Mortgage Finance: Include when purchaser requires mortgage finance to complete the purchase
2. Overseas Investment: Required when purchaser is an overseas person requiring OIO consent
3. GST: Include when either party is GST registered and the transaction has GST implications
4. Tenancy: Include when the property is sold with existing tenants
5. Building Report: Include when purchase is conditional on a satisfactory building inspection
6. Remediation Works: Include when specific repairs or improvements are agreed to be completed before settlement
7. Development Provisions: Include when the apartment is part of an off-plan or under-construction development
1. Schedule 1 - Property Details: Detailed description of the apartment, including floor plan and car park allocation
2. Schedule 2 - Chattels: List of chattels included in the sale
3. Schedule 3 - Body Corporate Information: Body corporate rules, fees, and recent AGM minutes
4. Schedule 4 - Title Documents: Copy of unit title, easements, and other relevant title documents
5. Schedule 5 - Warranties: Detailed vendor warranties about the property
6. Appendix A - LIM Report: Land Information Memorandum report from the local council
7. Appendix B - Building Report: Technical report on the building's condition (if applicable)
8. Appendix C - Pre-settlement Inspection Form: Form for recording the pre-settlement inspection results
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Legal Services
Financial Services
Property Management
Construction
Insurance
Professional Services
Relevant Teams
Legal
Real Estate
Property Management
Conveyancing
Compliance
Sales
Property Development
Risk Management
Operations
Relevant Roles
Real Estate Agent
Property Lawyer
Conveyancing Specialist
Property Manager
Body Corporate Manager
Property Developer
Legal Counsel
Compliance Officer
Property Valuer
Settlement Officer
Real Estate Partner
Property Transaction Manager
Find the exact document you need
Standard Agreement For The Sale Of (Real Estate)
A standardized New Zealand legal agreement for real estate property sales, setting out terms, conditions, and obligations for both vendor and purchaser.
find out more
Formal Sales And Purchase Agreement
A legally binding agreement under New Zealand law that documents the terms and conditions for the sale and purchase of property.
find out more
Condominium Sale And Purchase Agreement
A New Zealand-compliant legal agreement for the sale and purchase of a unit title property (condominium), setting out terms, conditions, and obligations of the transaction.
find out more
Purchase Price Agreement
A New Zealand-compliant agreement detailing purchase price terms, conditions, and completion requirements for commercial transactions.
find out more
Agreement For Sale Of Flat
A New Zealand legal agreement for the sale and purchase of a flat/apartment unit, including terms, conditions, and unit title provisions.
find out more
Simple Business Sale Agreement
A New Zealand-governed agreement for the sale and purchase of a business, outlining key terms and conditions for ownership transfer.
find out more
Purchase And Sale Agreement For Wholesalers
A New Zealand-governed agreement establishing terms and conditions for wholesale trading relationships between suppliers and buyers.
find out more
Private Sale Home Purchase Agreement
A New Zealand-compliant legal agreement for direct property sales between private parties, outlining terms and conditions for residential property transfer.
find out more
Generic Car Sales Agreement
A New Zealand-compliant agreement template for the sale and purchase of motor vehicles, suitable for both private and commercial transactions.
find out more
Flat Buying Agreement
A New Zealand-compliant legal agreement for the purchase and sale of a flat or apartment unit, including all essential terms and conditions under NZ property law.
find out more
Conditional Sale And Purchase Agreement
A New Zealand legal agreement for property sale and purchase that includes specific conditions which must be met before the sale becomes unconditional.
find out more
Purchase And Resale Agreement
A New Zealand-governed agreement establishing terms for purchasing goods with resale rights, including pricing, delivery, and quality specifications.
find out more
Business Purchase Confidentiality Agreement
A New Zealand law-governed confidentiality agreement protecting sensitive information during business purchase negotiations and due diligence.
find out more
Simple Commercial Real Estate Purchase Agreement
A New Zealand-compliant agreement for the purchase and sale of commercial real estate, incorporating essential terms and conditions under NZ law.
find out more
Buy Sell Agreement For Land
A legally binding agreement for the sale and purchase of real property in New Zealand, compliant with local property law requirements.
find out more
Unit Sale Agreement
A New Zealand-compliant agreement for the sale and purchase of unit title properties, incorporating mandatory Unit Titles Act requirements and body corporate provisions.
find out more
Equity Sale Agreement
New Zealand-governed agreement for the sale and purchase of company shares, detailing transaction terms and compliance with local corporate law.
find out more
Commercial Sale Contract
A New Zealand-governed agreement establishing terms for commercial sale of goods between businesses, aligned with local commercial law requirements.
find out more
Agency Agreement For Sale Of Residential Property
A New Zealand-compliant agreement authorizing a real estate agent to market and sell residential property on behalf of the property owner.
find out more
Purchase Agreement For Camper
A New Zealand-compliant agreement for the sale and purchase of a camper vehicle, including terms, conditions, and regulatory requirements.
find out more
Bike Sale Purchase Agreement
A New Zealand-compliant agreement documenting the sale and purchase of a bicycle, including terms of sale, specifications, and warranty details.
find out more
Unconditional Sale And Purchase Agreement
A binding New Zealand legal agreement for the unconditional sale and purchase of property, establishing definitive terms for property transfer without conditions.
find out more
Purchase Contract For Home
A New Zealand-compliant legal agreement for the sale and purchase of residential property, outlining all essential terms and conditions of the transaction.
find out more
Preliminary Sale And Purchase Agreement
A preliminary agreement under New Zealand law that sets out the initial terms and conditions for property sale and purchase transactions, serving as the basis for the final sale agreement.
find out more
Mortgage Sales Agreement
A New Zealand-compliant legal agreement governing the sale of a mortgaged property, detailing sale terms and mortgage arrangements under NZ law.
find out more
Offer Of Purchase And Sale
A New Zealand-compliant legal agreement that documents the terms and conditions of a property sale between vendor and purchaser, governed by NZ property law.
find out more
Assignment Of Real Estate Purchase And Sale Agreement
A New Zealand law-governed agreement transferring rights and obligations under an existing property purchase contract from original to new purchaser.
find out more
Assignment Of Purchase And Sale Agreement
A New Zealand law-governed document that transfers rights and obligations under an existing Purchase and Sale Agreement from an original purchaser to a new purchaser.
find out more
Trailer Purchase Agreement
A New Zealand-governed agreement for the sale and purchase of a trailer, detailing specifications, price, warranties, and transfer terms.
find out more
Domain Sale Agreement
A New Zealand-governed agreement for the sale and transfer of domain name ownership rights, outlining terms, conditions, and transfer process.
find out more
Contract For Sale Of Business Assets
A New Zealand-compliant agreement for the sale and purchase of business assets, detailing terms, conditions, and transfer requirements.
find out more
Motorcycle Selling Agreement
A New Zealand-compliant agreement for the sale and purchase of motorcycles, suitable for both private and commercial transactions.
find out more
Deed Of Purchase And Sale
A New Zealand law-governed deed that documents and effectuates the transfer of property ownership from seller to buyer, including all essential terms and conditions of the sale.
find out more
International Purchase Contract
A New Zealand law-governed contract for international purchase of goods, establishing terms for cross-border trade between buyer and seller.
find out more
Buy Sell Agreement Cross Purchase
A New Zealand-compliant agreement between shareholders establishing procedures for share transfers through a cross-purchase structure when specific trigger events occur.
find out more
Term Sheet For Sale Of Business
A preliminary agreement under New Zealand law outlining key terms and conditions for a proposed business sale transaction.
find out more
Vacant Land Purchase Agreement
A legally binding agreement under New Zealand law for the purchase and sale of vacant land, detailing all essential terms and conditions of the property transaction.
find out more
Simple Vacant Land Purchase Agreement
A New Zealand-compliant agreement for the purchase and sale of vacant land, setting out essential terms and conditions for property transfer.
find out more
Simple Asset Purchase Agreement
A New Zealand-compliant agreement for the straightforward purchase and sale of assets, outlining key terms, conditions, and obligations of the transaction.
find out more
Preliminary Agreement For Sale And Purchase
A binding preliminary agreement for property sale and purchase under New Zealand law, outlining key terms and conditions for the transaction.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)