Understanding the Sale and Purchase Agreement

A sale and purchase agreement is a legally binding contract between the buyer and the seller. It sets out all the details, terms and conditions of the sale. This includes things such as the price, any chattels being sold with the property, whether the buyer needs to sell another property first and the settlement date.

A sale and purchase agreement provides certainty to the buyer and the seller about what will happen when.

You can visit settled.govt.nz and find out more about the sale and purchase agreement here: https://settled.govt.nz/sandp

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Settled.govt.nz is brought to you by the Real Estate Authority (REA), the independent government agency that regulates the New Zealand real estate industry.

Our aim is to promote and protect the interests of consumers involved in real estate transactions, and to promote a high standard of professionalism and service in the real estate industry.

Settled.govt.nz provides comprehensive independent information and guidance for home buyers and sellers. It'll help you feel more in control and help to get you settled.

You can visit settled.govt.nz and find out more about the home buying and selling process: https://settled.govt.nz/

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