The Joint Mortgage Agreement is essential when two or more parties wish to jointly borrow funds secured against real property in New Zealand. This document is commonly used by couples, business partners, or family members who share responsibility for a mortgage. The agreement must comply with New Zealand's Property Law Act 2007, Credit Contracts and Consumer Finance Act 2003, and other relevant legislation. It outlines the joint and several liability of the borrowers, details the security arrangements, specifies payment obligations, and includes provisions for default scenarios. The Joint Mortgage Agreement is particularly important as it clearly defines each party's rights and responsibilities, ensuring all borrowers understand their obligations and the consequences of default.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies all parties to the agreement, including full legal names, addresses, and roles (e.g., Mortgagors, Mortgagee)
2. Background: Sets out the context of the agreement, including the purpose of the loan and the property being mortgaged
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpretation
4. Loan Details: Specifies the loan amount, interest rate, term, and repayment schedule
5. Security: Details of the property being offered as security, including its legal description and title reference
6. Joint and Several Liability: Establishes that all mortgagors are jointly and severally liable for the mortgage obligations
7. Covenants: The promises and obligations of the mortgagors, including property maintenance, insurance, and payment obligations
8. Events of Default: Defines what constitutes a default and the consequences thereof
9. Enforcement Rights: The mortgagee's rights and remedies in case of default
10. Insurance Requirements: Specifies required insurance coverage for the property
11. Costs and Expenses: Allocation of costs related to the mortgage, including establishment fees and ongoing charges
12. Notices: How formal communications between parties should be made and delivered
13. General Provisions: Standard contract clauses including governing law, assignment, and amendments
14. Execution: Formal signing section including witness requirements
1. Guarantor Provisions: Required when there are guarantors for the mortgage
2. Cross-Collateralization: Used when multiple properties are being used as security
3. Contribution Arrangements: Specifies how joint mortgagors will contribute to payments between themselves
4. Property Development Provisions: Required when the property will undergo development or significant modifications
5. Rental Income Provisions: Used when the property will be rented out
6. First Home Buyer Provisions: Special terms applicable to first home buyers
7. Trust Provisions: Required when any party is acting as a trustee
1. Schedule 1 - Property Details: Detailed description of the secured property, including title details and improvements
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment amounts, dates, and frequency
3. Schedule 3 - Insurance Requirements: Specific insurance requirements including types of coverage and minimum amounts
4. Schedule 4 - Special Conditions: Any special terms or conditions specific to this mortgage arrangement
5. Appendix A - Property Valuation: Current market valuation of the property
6. Appendix B - Property Inspection Report: Detailed report on the condition of the property
7. Appendix C - Contribution Agreement: Details of how joint mortgagors will share costs and responsibilities
Find the exact document you need
Mortgage Subordination Agreement
A New Zealand law-governed agreement that modifies the priority ranking between multiple mortgages on the same property, allowing a senior mortgagee to subordinate their security interest to another mortgagee.
Download
Mortgage Principal Agreement
A New Zealand-governed agreement establishing the core terms and conditions between lender and borrower for a mortgage loan, including security arrangements and repayment terms.
Download
Mortgage Variation Agreement
A New Zealand-compliant agreement that modifies existing mortgage terms between a lender and borrower, ensuring legal registration of changes.
Download
Mortgage Broker Agreement In Principle
A New Zealand-compliant preliminary agreement between a mortgage broker and potential borrower(s) establishing the terms of mortgage broking services.
Download
Home Loan Agreement
A New Zealand-compliant legal agreement setting out terms and conditions for a residential property loan, including security arrangements and borrower obligations.
Download
Mortgage Loan Extension Agreement
A New Zealand-compliant agreement that modifies and extends the terms of an existing mortgage loan, specifying new payment terms and maturity date.
Download
Family Mortgage Agreement
A New Zealand-compliant legal agreement documenting a mortgage arrangement between family members, securing a loan against real property.
Download
Mortgage Separation Agreement
A New Zealand legal agreement that establishes the terms for separating or restructuring mortgage obligations between parties ending their relationship, governed by NZ property and banking laws.
Download
Joint Mortgage Agreement
A New Zealand-compliant agreement establishing terms for multiple borrowers jointly securing a mortgage loan against a property.
Download
Third Party Mortgage Agreement
A New Zealand law-governed agreement creating a mortgage security interest over a third party's property to secure another party's borrowing obligations.
Download
Mortgage Extension Agreement
A New Zealand law-governed agreement that extends or modifies the terms of an existing mortgage, including new payment schedules and conditions.
Download
Revolving Agreement
A New Zealand law-governed agreement establishing a revolving credit facility with flexible drawdown and repayment terms.
Download
Mortgage Lease Agreement
A New Zealand-compliant legal document combining mortgage financing terms with property lease conditions in a single agreement.
Download
Mortgage Assumption Agreement
A New Zealand law-governed agreement that enables the transfer of mortgage obligations from an existing borrower to a new borrower, with the lender's consent.
Download
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)