A Guide to Sale and Purchase Agreements
A Sale and Purchase Agreement is the contract signed by both the seller and the buyer when a property is sold, and sets out all the details, terms and conditions of the sale, including the deposit price, conditions of sale and the settlement date.
The Residential Property Sale and Purchase Agreement Guide, approved by REA under the Real Estate Agents Act 2008, provides an introduction to the purpose, content and usage of a standard sale and purchase agreement used in real estate transactions. Licensed real estate professionals must give you a copy of the guide before you sign a sale and purchase agreement.
This guide is also available in English, te reo Māori, Tongan, Korean, Samoan, Hindi, Simplified Chinese. Click here