The New Build Purchase Agreement is a crucial document used in New Zealand property development transactions where a property is being constructed for a specific purchaser. This agreement combines elements of both a construction contract and a property purchase agreement, ensuring compliance with New Zealand building regulations, property law, and consumer protection requirements. It is typically used when a purchaser commits to buying a property before or during its construction phase, whether for residential or commercial purposes. The agreement includes detailed specifications for the building work, payment structures, completion timeframes, and warranty provisions. It must comply with various New Zealand legislation including the Building Act 2004, Property Law Act 2007, and Construction Contracts Act 2002. The document provides essential protection for both the developer/builder and the purchaser throughout the construction and property transfer process.
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: Identification and details of the vendor/builder and purchaser
2. Background: Context of the agreement, including property details and construction intention
3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation
4. Agreement to Build and Purchase: Core obligations of the parties regarding construction and purchase
5. Purchase Price and Payment Terms: Total purchase price, deposit requirements, and payment schedule
6. Construction Obligations: Builder's obligations regarding construction, timeframes, and standards
7. Variations: Process for requesting and implementing changes to specifications
8. Inspections and Access: Purchaser's rights to inspect during construction and builder's obligations
9. Practical Completion: Definition, process, and requirements for achieving practical completion
10. Title and Settlement: Requirements for title transfer and final settlement
11. Warranties and Guarantees: Builder's warranties and guarantees for the construction work
12. Default and Remedies: Consequences of default and available remedies for both parties
13. Dispute Resolution: Process for resolving disputes between parties
14. General Provisions: Standard contract clauses including notices, assignment, and governing law
1. Staged Payments: Detailed payment structure for staged construction - used when progress payments are required
2. Finance Condition: Conditions relating to purchaser obtaining finance - used when purchaser requires mortgage funding
3. Resource Consent Conditions: Special conditions relating to obtaining necessary consents - used when consents are not yet obtained
4. Sunset Clause: Long-stop date for completion - used for protection in case of extended delays
5. Third Party Rights: Rights of third parties (e.g., guarantors) - used when third parties are involved
6. Development Conditions: Specific conditions for larger developments - used in multi-unit or subdivision scenarios
7. Maintenance Period: Post-completion maintenance obligations - used when extended maintenance is agreed
1. Schedule 1 - Property Description: Detailed description of the land and title details
2. Schedule 2 - Plans and Specifications: Architectural plans, engineering drawings, and detailed specifications
3. Schedule 3 - Inclusions and Exclusions: Detailed list of included and excluded items in the build
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment stages and amounts
5. Schedule 5 - Timeframes: Construction timeline and key milestone dates
6. Schedule 6 - Warranties: Detailed warranty terms and conditions
7. Appendix A - Material Specifications: Detailed specifications of materials to be used
8. Appendix B - Fixtures and Fittings: Specifications for all fixtures and fittings
9. Appendix C - Consents and Permits: Copies of relevant consents and permits
Find the exact document you need
Simple Works Contract
A straightforward construction contract template for small to medium-scale building works in New Zealand, incorporating key local legal requirements and industry standards.
Download
Joint Venture Agreement For (Construction)
A New Zealand-governed agreement establishing a joint venture between parties for construction projects, defining their rights, responsibilities, and operational procedures.
Download
Home Improvement Contract
A New Zealand-compliant contract for residential improvement works between a contractor and homeowner, outlining construction specifications, payments, and obligations.
Download
Generic Construction Contract
Standard construction contract template for New Zealand construction projects, compliant with local construction laws and regulations.
Download
Contract Between Builder And Homeowner
A New Zealand-compliant construction agreement between a builder and homeowner defining the terms, conditions, and obligations for residential building work.
Download
Contractor Renovation Contract
A New Zealand-compliant contract governing renovation works between a property owner and contractor.
Download
Construction Cost Plus Contract
A New Zealand-governed construction agreement where the client pays the actual costs plus an agreed fee/percentage for the contractor's overhead and profit.
Download
Building Contract
A New Zealand-governed agreement between a principal/client and contractor for building works, setting out construction terms, obligations, and compliance requirements.
Download
Contract Between Contractor And Owner
A New Zealand-compliant construction contract establishing terms and obligations between a contractor and property owner.
Download
Standard Contractor Contract
A New Zealand-compliant agreement establishing the terms and conditions between a business and an independent contractor, ensuring clear definition of rights, obligations, and service delivery requirements.
Download
Construction Contractor Contract
A New Zealand-compliant contract governing the relationship between a principal and contractor for construction works, aligned with local construction and safety legislation.
Download
New Build Purchase Agreement
A New Zealand-governed agreement for the construction and purchase of a new building, outlining construction specifications, payment terms, and completion requirements.
Download
Construction Warranty Agreement
A New Zealand-compliant legal agreement providing warranties for construction work quality and establishing remedial obligations under NZ building regulations.
Download
Construction Teaming Agreement
A New Zealand-governed agreement establishing terms and conditions for collaboration between multiple parties on construction projects.
Download
Contract Between Builder And Subcontractor
A New Zealand-compliant contract establishing terms and conditions between a builder and subcontractor for construction works.
Download
Basic Construction Contract
A New Zealand-compliant basic construction contract template establishing terms between principal and contractor for construction projects.
Download
Joint Venture Building Agreement
A New Zealand-governed agreement establishing a joint venture between parties for undertaking a building or construction project.
Download
Fence Construction Agreement
A New Zealand-compliant agreement for fence construction services, detailing work scope, specifications, and party obligations.
Download
Management Building Contract
A New Zealand construction contract establishing terms for management contracting arrangements, where a contractor manages the construction process and trade contractors on the Principal's behalf.
Download
Construction Referral Fee Agreement
A New Zealand-governed agreement establishing terms and conditions for construction project referral fees between referring parties and construction companies.
Download
Residential Construction Contract
A New Zealand-compliant contract governing residential construction work between contractors and homeowners, setting out terms for construction projects under NZ law.
Download
Construction Project Management Contract
A New Zealand-governed agreement defining terms and conditions for construction project management services, including scope, responsibilities, and compliance requirements.
Download
Construction Agreement Between Owner And Contractor
A New Zealand-governed agreement between property owner and contractor establishing terms and conditions for construction works.
Download
Construction Payment Contract
A New Zealand-compliant contract governing payment terms and processes for construction projects under the Construction Contracts Act 2002.
Download
New Construction Home Contract
A New Zealand-compliant contract for new residential home construction, establishing terms between builder and homeowner.
Download
Contract For Contractor And Homeowner
A New Zealand-compliant contract governing the agreement between a contractor and homeowner for residential construction or renovation works.
Download
Construction Deposit Agreement
A New Zealand-compliant agreement governing the terms and conditions for construction deposit funds, including holding arrangements and release conditions.
Download
Construction Equipment Rental Agreement
A New Zealand-compliant agreement for construction equipment rental, covering rental terms, safety requirements, and liability provisions.
Download
Contract For Construction Work
A New Zealand-governed construction contract setting out terms and conditions for building works, compliant with local construction and building legislation.
Download
Construction Employee Contract
New Zealand-compliant employment agreement template for construction industry workers, covering essential terms and industry-specific requirements.
Download
Supply And Installation Agreement
A New Zealand-governed agreement for the supply and installation of equipment or systems, covering procurement, installation services, and related obligations.
Download
Construction Subcontract
A New Zealand-compliant agreement between a main contractor and subcontractor for construction works, governed by NZ law including the Construction Contracts Act 2002.
Download
General Contractor Agreement With Owner
A New Zealand-compliant agreement between a property owner and general contractor establishing terms and conditions for construction works.
Download
Pre Construction Agreement
A New Zealand-governed agreement defining terms and conditions for pre-construction services in construction projects.
Download
Cost Plus Construction Agreement
New Zealand-compliant construction agreement for projects using cost-plus pricing, including actual costs plus defined markup structures.
Download
Subcontractor Agreement (Construction)
New Zealand-compliant construction subcontractor agreement establishing terms between main contractor and subcontractor, including works scope, payments, and obligations under NZ construction law.
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)