Arizona Account Stated for Construction Work

State:
Multi-State
Control #:
US-0031BG
Format:
Word; 
Rich Text
Instant download

Description

An account stated is a statement between a creditor (the person to whom money is owed) and a debtor (the person who owes) based upon a series of prior transactions that a particular amount is owed to the creditor as of a certain date.
Free preview
  • Preview Account Stated for Construction Work
  • Preview Account Stated for Construction Work

How to fill out Account Stated For Construction Work?

You can spend several hours online searching for the legal document template that fulfills the federal and state requirements you need.

US Legal Forms offers thousands of legal templates that are reviewed by experts.

You can obtain or print the Arizona Account Stated for Construction Work from the service.

If available, utilize the Preview option to view the document template as well.

  1. If you have an account with US Legal Forms, you can Log In and select the Download option.
  2. After that, you can complete, modify, print, or sign the Arizona Account Stated for Construction Work.
  3. Every legal document template you acquire is yours permanently.
  4. To get another copy of the purchased form, go to the My documents tab and select the appropriate option.
  5. If you are using the US Legal Forms website for the first time, follow the simple instructions below.
  6. First, ensure that you have selected the correct document template for your preferred county/town.
  7. Read the form description to confirm that you have chosen the right form.

Form popularity

FAQ

Under Arizona law, there is an eight-year implied warranty of workmanship and habitability by the home builder that the home was properly constructed.

However, in certain circumstances, Arizona has adopted the discovery rule, which may provide for a different accrual date. Under the so-called discovery rule, a cause of action accrues when the plaintiff knew or should have known by reasonable diligence that the alleged injury occurred.

Arizona has a different legal process than most states for construction defects. All commercial and residential construction projects in the state are overseen by the Arizona Registrar of Contractors. The Arizona ROC has established minimum standards that require a workmanlike manner for all construction projects.

The statute of limitations in Arizona is set at two years for all personal injury claims. It is one year for libel or slander claims, which are a subset of personal injury law. Some exceptions may apply when it takes longer than a year for a person to reasonably realize an injury has occurred.

Under current Arizona law, a builder is held responsible for defective conditions in a home under contract principles, including any express warranty on the work (usually limited by a one or two year time period), and also including an implied warranty of workmanlike performance and habitability.

For 2 years after the completion date of your new build home, it is your housebuilder's responsibility to fix any snags, as long as you submit your snagging list within this warranty period. Housebuilders must correct faults caused by their failure to meet the standards set by their warranty provider.

Discovery Rule a rule of common law indicating that the statute of limitations on bringing a claim does not begin to run until the date on which a claimant actually discovers (or should have discovered) an injury or lossrather than on the date when the wrongful act giving rise to the injury or loss took place.

§ 12-552, also known as the Statute of Repose, requires a party to bring a contract action relating to the design, engineering, or construction of improvements to real property within eight years of substantial completion of the work (or nine years if the claim involves latent defects discovered in the eighth year

Where a defect amounts to a breach of contract (which will usually be the case), the default limitation period for bringing a claim against the contractor is 6 years from the date of practical completion. However, if the contract is executed as a deed, that period is extended to 12 years.

Trusted and secure by over 3 million people of the world’s leading companies

Arizona Account Stated for Construction Work