What is Vendor Information?
Vendor Information must be provided by the vendor (seller) of some sensitive New Zealand assets. We require this information to understand the proposed transaction, including what is being sold and why, who currently owns the asset, the current state of the asset, and how it is being used.
What information do I need to supply?
The information required depends on what you are selling. In some cases, you will need to provide your ownership and contact information to the purchaser for them to include in their application form. In other cases, you must complete a Vendor Information Form which includes information about the current state of the asset you are selling.
Here is a full list of the information required in a Vendor Information Form.
Which form do I need to complete?
If you are selling farm land, you will need to complete the Vendor Information Form – Sensitive land.
If you are selling business assets or other sensitive land, you will need to provide vendor information to the purchaser to include in their application form.
Identifying non-residential sensitive land
When do I submit the form?
Complete and submit the relevant Vendor Information Form when the buyer applies for consent. Liaise with the buyer or their solicitor on timing so we can match your Vendor Information Form with the buyer’s application for consent.