In order to avoid confusion or litigation, you must list all items that are included or that are expressly excluded in the Chattels area of the purchase and sale contract. Discuss this with your realtor or lawyer so that everyone is clear about what is included and excluded in the sale. It contains all the details, conditions and terms of the sale – including things like price, all co-sales with the property, whether the buyer must first sell another property and billing date. If you have not paid the down payment until the agreed time, the seller`s lawyer can inform you that you must pay three business days. If you do not pay the down payment during this period, the seller can terminate the contract at any time by promising to terminate it. However, if you pay the down payment before notification, the contract will not be terminated, even if you sent the notification. The sales contract may contain a date of ownership that may differ from the billing date, z.B. if the property is leased. If the property is leased, this should be stipulated in the purchase and purchase agreement. If COVID 19 alert levels change in different parts of the country, this could affect your ability to acquire real estate.
You can include in the agreement a condition of what happens if the alert level suddenly changes and you fail to agree on the settlement date. The seller pays the real estate agent or seller for his services. The agent cannot ask you to pay for your services if they have been hired by the seller. The real estate agent or licensed seller who makes the sale makes a copy of the New Zealand Residential Property Sale and Purchase Agreement available to the buyer and seller. Depending on what the contract says, you can pay the down payment if you sign the contract or if the contract becomes unconditional. When the sale is completed, the seller pays the agent for his services. The agent or agency usually takes the commission of the deposit they hold in their trust account. The agent cannot ask you to pay for your services if they have been hired by the seller. We will treat in a strictly confidential manner all information we receive through our work for you that relates to your business or personal information.