Option to Purchase - Short Form: This agreement is between an Owner of land and an Optionee. A contract such as this, states that the Owner gives the opportunity, or option, to the Optionee of purchasing his/her land for a specific amount, and during a specific time period. Both parties must sign this agreement in front of a Notary Public, in order to be valid. This form is available in both Word and Rich Text formats.
Scottsdale Arizona Option to Purchase - Short Form
Category:
State:
Arizona
City:
Scottsdale
Control #:
AZ-SALES-7
Format:
Word;
Rich Text
Instant download
Description
How to fill out Arizona Option To Purchase - Short Form?
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FAQ
Both parties have to agree on the price before the purchase agreement is signed. Furthermore, terms such as earnest money, escrow company, down payment, financing, warranties and contingencies, and the closing date will be outlined in the contract.
8.6% Sales Tax Chart - Combined (State of Arizona + Maricopa County +? City of Phoenix) tax due on Retail Sales from $0.01 to $100.00. 8.3% Sales Tax Chart ? Combined (State of Arizona + Maricopa County + City of Phoenix) tax due on Retail Sales from $0.01 to $100.
A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.
The 8.05% sales tax rate in Scottsdale consists of 5.6% Arizona state sales tax, 0.7% Maricopa County sales tax and 1.75% Scottsdale tax. There is no applicable special tax. You can print a 8.05% sales tax table here.
Generally, Arizona courts have strictly construed options in lease agreements because such provisions allow the optionee freedom to exercise or not exercise the option, whereas the optionor is bound by the option.
The City of Scottsdale tax rate for real property rentals is 1.75% of taxable rental income.
An Arizona residential real estate purchase and sale agreement is a legal document with terms and conditions for a buyer's purchase of property from a seller. The seller and buyer (or their attorneys) will negotiate the terms of the agreement including purchase price, closing date, property condition, and so on.
In Arizona, sellers are required to complete a real estate purchase agreement and the following disclosures in order for it to be considered legally binding: Buyer Inquiry.Comprehensive Loss Underwriting Exchange (CLUE).Swimming Pool Barrier Disclosure.Condo Disclosure Information.Notice of Soil Remediation.
What is the total tax rate? The combined tax rate for the State of Arizona, Maricopa County, and the city of Scottsdale for most taxable activities is 8.05%. The combined rate consists of 5.6% for the State, .7% for the County, and 1.75% for the city of Scottsdale.
In most Arizona real estate purchase contracts, the buyer will require the seller to deposit earnest money ? typically with the escrow company ? to demonstrate good faith. The deposit amount can be a percentage of the home sale price or an amount dictated by the seller.
