Planning for settlement day and moving out

Last updated: March 2026. Drawn from settled.govt.nz — Planning for settlement day when selling and Settling on settlement day when selling. Settlement is largely a legal process led by your lawyer or conveyancer. If you use a licensed agent, they can help coordinate some steps; private sellers coordinate directly with the buyer and lawyers.

Pre-settlement inspection

Unless the property is sold with a tenancy that continues, you must usually make the property available for a pre-settlement inspection so the buyer can confirm condition and chattels match the agreement. Settled.govt.nz explains this is generally not for uncovering old defects — it’s to check the property and chattels are as agreed and that any agreed work is done. Timing is often at least two working days before settlement so issues can be addressed.

If something new has damaged the property since signing, that may need to be resolved before settlement — your lawyer advises you.

Finances and outgoings

Before settlement, settled.govt.nz reminds sellers to clear charges where required (e.g. rates, utilities), ensure chattels aren’t encumbered unexpectedly, and sort rent/bond if a tenant is involved. With an agent, deposits and commission flows differ; in a private sale your lawyer typically holds the deposit in trust — confirm timing with your lawyer.

Insurance

You remain responsible for insuring the property and listed chattels until settlement. You can cancel your cover after settlement when the buyer’s cover takes over.

Lawyer or conveyancer

Your lawyer works with the buyer’s lawyer to complete transfer and payment. You’ll need to sign an authority for your lawyer to deal with the title and provide tax-related information. Settled.govt.nz notes identity verification (AML) must be completed — see your lawyer early.

Practical moving checklist

Settled.govt.nz suggests planning the move, leaving the property vacant on settlement (unless the agreement says otherwise), final utility readings, mail redirect, contents insurance for the move, and rubbish removed. Download their settlement day checklist for sellers [PDF].

If things go wrong

See Getting help if things go wrong when selling. Complaints about a licensed agent go through the REA.

General information only. Not legal advice. Your lawyer or conveyancer handles your settlement.