Legal information for property buyers and sellers
Relationship property agreements, also known as pre-nuptial agreements or prenups, can be an effective way of defining and retaining control over assets and income within a happy relationship, and in the event that a relationship breaks down.
An effective agreement dealing with relationship property can be useful in defining exactly what property (land and asset types) belongs to which person.
In New Zealand, the law that applies to relationship property agreements is clearly defined. Any relationship property, or prenup agreement must be in writing, both parties must receive independent legal advice and the agreement needs to be certified by a lawyer.
It is also important to update any relationship pproperty agreement from time to time. An agreement made at the beginning of a relationship may no longer meet your needs several years down the track. When buying or selling land, buildings or businesses, consider whether preparing a relationship property agreement or updating your current agreement may be of benefit to you.
If you need assistance in working out if a relationship agreement would assist you, Make an enquiry online or ring us and one of our experienced team will be pleased to help you.
You may also be interested in learning more about wills, or requesting a quick quote for conveyancing.
Alternatively, speak to our team on 0800 PPTYLAW (0800 778 952) or +64 6 3705102.
Buying our first home was a major decision for us, and selecting the right law firm to guide us through the process was an important step. The friendly staff at Property Law Service and their fixed price costs were major factors in deciding to use their services. The whole process was handled smoothly and every step of the way we were kept informed on progress.
We will definitely be going back to Property Law Service for our future transactions.
J & K, Masterton