ADLS/REINZ Agreement for Sale and Purchase of Real Estate

ADLS is New Zealand’s leading provider of trusted legal forms and has been for more than three decades. ADLS offers in excess of 120 legal forms. The most prolifically used among them is the ADLS/REINZ Agreement for Sale and Purchase of Real Estate.

This year, a sub-committee of the Documents and Precedents Committee continued the enormous task of extensively reviewing the agreement. The new 10th edition, since released on 27 November 2019, is the culmination of significant input, time and expertise from the top legal minds in New Zealand. It follows a comprehensive examination of the agreement with considerable feedback and comments received from both the legal profession and the real estate industry. The Real Estate Institute of New Zealand, as joint copyright holder, also contributed its perspective and was represented on the sub-committee. The last full review of this agreement took place in 2012. Given the developments since then and the extensive nature of this review, a considerable number of changes have been made.

ADLS wishes to extend its gratitude and appreciation to the legal and tax experts, academics and those from the real estate industry who provided their invaluable input into this review. Their contribution and support was substantial. Recognition and appreciation are extended, in particular, to Tim Jones, Barrister (and Convenor of the sub-committee), Peter Nolan, Sole Practitioner (and lead drafter), Allan Bullot, National Leader – Indirect Tax, Deloitte, Dr Don McMorland, Barrister, Desmond Wood, Barrister, Nick Kearney, Principal, Schnauer & Co and Lisa Gerrard, Legal Counsel, REINZ.