Conveyancing Season: Getting Your Contract Conditions Right

By Alistair van Schalkwyk, Director of ASCO Legal in Howick

With interest rates easing, more Kiwis are stepping back into the property market. Whether you’re buying your first home or moving up the ladder, one of the most important parts of the process is making sure your contract conditions give you the protection you need.

When you’re buying by negotiation, conditions act as your safety net. A LIM report can uncover zoning or consent issues you might otherwise miss. A building inspection can save you from unexpected repair bills. A finance clause gives you time to lock in lending, while a KiwiSaver clause is crucial if you’re using savings for your deposit, it can take time for those funds to come through.

Depending on your situation, you might also consider clauses for meth testing, or access to get quotes if you’re planning renovations. These conditions buy you time and peace of mind before your contract goes unconditional.

It’s worth remembering that sellers are often wary of broad “due diligence” conditions. Clear, specific clauses usually make for smoother negotiations, while still giving you solid protection.

Every property is different, and the right conditions can make the difference between a smooth settlement and a stressful one.

At ASCO Legal, our conveyancing team works with buyers and sellers across Aotearoa to make sure contracts are clear, fair, and tailored to your needs.

Thinking about buying this season? Get in touch with ASCO Legal today for practical advice that keeps you protected.