Section 364(2), Building Act 2004
Information for purchasers
(1) Signing this form is optional.
(2) You should take independent legal advice before signing this form.
(3) Before signing this form, you should consider—
(a) the effect that the absence of a code compliance certificate for the household unit may have on you; for example,—
(i) will you be able to insure the household unit?
(ii) will you be able to draw down mortgage finance for the purchase of the household unit?
(iii) will you be able to sell the household unit?
(b) whether you (instead of the developer) will have to pay a development contribution to obtain the code compliance certificate; and
(c) the extent of the work required to obtain the code compliance certificate.
(4) If you sign this form, then you must apply for a code compliance certificate for the household unit as soon as practicable after all building work to be carried out under the building consent for the household has been completed.
This agreement is made on [insert date]
This agreement is made between—
[insert full name and address]
(residential property developer)
and
(purchaser)
(together the parties)
The residential property developer and the purchaser have entered or intend to enter into a contract for the sale and purchase of [insert street address of household unit] (household unit) dated [insert date of contract, if any] (contract).