Arizona Residential Real Estate Purchase and Sale Agreement
A real estate purchase agreement in Arizona is a legal form that outlines the terms and conditions for buying a property from a seller. Both the buyer and seller negotiate the terms of the agreement, which usually include the price, the closing date, and the property’s condition.
Buyer provides “earnest money.” After inspections, financing, and conditions are met, both parties sign to finalize the deal.
- Consideration – Exchange material, what you are offering and receiving.
- Warranty – A promise that the product will not fail immediately.
- Breach of Contract – This occurs when someone fails to fulfill a promise made in the agreement.
- Jurisdiction – Refers to the legal land where your agreement abides by the rules.
- Parties – The buyer and seller making the deal.
- Dispute Resolute – A more humane and decent way of handling any issues.
- Lead-Based Paint Disclosure – Must provide information on lead-based paint if the property was built before 1978.
- Material Facts
- Military Airport
- Soil Remediation
Source: § 4852d