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1) By entering into a Sale and Purchase Agreement for a home that is eligible for this promotion in accordance with these terms and conditions, you (as purchaser) are deemed to have accepted the following terms and conditions.

2) Subject to and in accordance with these terms and conditions, this promotional offer is open to Fletcher Living customers who have signed a legally binding Sale and Purchase Agreement for an eligible Fletcher Living home, at one of our locations in Auckland or Canterbury, on these terms and conditions and during the promotion period referred to in clause 5 below. Homes that fall into the following categories are excluded from and not eligible for this promotion:
a) Apartments at The Hill, Remuera
b) any pre-sale agreement for the sale and purchase of a new home off the plans where the settlement date is targeted by Fletcher Living for occurring after 30 June 2026. Employees of Fletcher Living and Fletcher Building are eligible if they comply with the eligibility terms and conditions of this promotion.

3) The “First year of power free” offer is a cash payment to the value of $400 per month for a year, paid as a single payment of $4,800 which covers more than the average monthly power usage of 99% of the average New Zealand 3-4 person home. See
https://www.rnz.co.nz/news/business/559324/is-your-power-bill-average for more details on average usage.

4) To qualify for the offer described in clause 5 below:
a) you must have signed and entered into a legally binding Sale and Purchase Agreement to purchase an eligible Fletcher Living home between 14 July and 31 August 2025 (inclusive), with settlement to occur no later than 30 June 2026 (save where there are delays which result in settlement occurring after 30 June 2026 which are not due to any act, omission or other default by you under the Sale and Purchase Agreement); and b) you must settle on the purchase of an eligible Fletcher Living home in accordance with the terms of the Sale and Purchase Agreement.

5) If you qualify under these terms and conditions you are eligible to receive the “First year of power free” offer as a cash payment of $4,8000, paid as a single payment following settlement when you purchase one of Fletcher Living’s eligible homes. Payment will be made to the purchaser’s nominated account once settlement is confirmed by our solicitors and can take up to 15 working days to process. The funds may take up to 5 working days to show in the nominated account once the payment has been processed by Fletcher Living. For clarity, if settlement of the purchase of your Fletcher Living home does not occur you are not entitled to receive the payment. Eligibility to receive the payment under this promotion only arises once settlement occurs.

6) Customers must supply a proof of account document in order for Fletcher Living to set up the payment.

7) Only one promotional offer per qualifying signed Sale and Purchase agreement for an eligible individual home is permitted. You will be eligible to receive the payment once settlement has been completed, subject to and in accordance with these terms and conditions. If you fail to settle the Sale and Purchase Agreement, Fletcher Living reserves the right to retain the full value of the deposit you have paid pursuant to the terms of the Sale and Purchase Agreement.

8) Fletcher Living’s decision in relation to any aspect of the promotion is final and no correspondence will be entered into.

9) Fletcher Living reserves the right to vary any of the terms or conditions applying to this promotion or to modify, extend, terminate, suspend or reschedule this promotion.

10) Unless Fletcher Living determines otherwise, in its sole discretion, this promotion is not valid in conjunction with any other promotion that Fletcher Living may be running concurrently or any other agreement reached by Fletcher Living with the relevant purchaser before the signing of a legally binding Sale and Purchase Agreement.

11) To the maximum extent permitted by law, Fletcher Residential Limited, trading as Fletcher Living, and its related companies, employees and agents, will not be liable for any loss, damage, personal injury or cost (including but not limited to your legal and tax obligations and liabilities, loss of profits, direct loss, indirect or consequential loss) suffered by any person arising directly or indirectly out of or in connection with this promotion or accepting the promotional offer payment.

12) Any tax obligations arising in regard to receipt of the one-off lump sum payment are the entire responsibility of the purchaser. Fletcher Living makes no representation as to the tax liability of the purchaser participating in this promotion and accepting receipt of the payment. The purchaser is responsible for any taxes and fees that may be levied or required to be paid by any law or government taxing authority in connection with this promotion. No tax invoice will be issued in respect of any payment made.

13) All personal information collected as a result of this promotion will be stored by Fletcher Living in accordance with the Privacy Act 2020. Fletcher Living may use your personal information to conduct the promotion and for its own future promotional and publicity purposes. You will have the right to access and request the correction of any personal information held by Fletcher Living by contacting Fletcher Living in writing at Fletcher Living Marketing Department, 810 Great South Road, Penrose, Auckland 1061 or at hello@frl.co.nz.

14) The Promoter is Fletcher Residential Limited trading as Fletcher Living.