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.
Tucson Arizona Option to Purchase - Short Form
Category:
State:
Arizona
City:
Tucson
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
A Small Claims lawsuit is a claim against another party for damages of an amount less than $3,500.00. These lawsuits are designed to resolve civil disputes in front of a small claims hearing officer or a Justice of the Peace.
You do not need a lawyer to represent you at a small claims court. All official languages may be used in a small claims court. Contact the person with whom you have a dispute in person, in writing or telephonically and ask them to settle your claim.
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.
It costs $16.00 to file a small claims complaint and $9.00 for a defendant to file an answer. Other filings or actions in the case may have additional fees. For those with low incomes, the filing fee may be waived by filling out a fee waiver form.
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.
Costs are at the discretion of the Judge but the risk of having to pay costs can be a significant one. However, recoverable small claims court costs are usually restricted to court fees paid and expenses.
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.
Must be filed within 20 days of being served; Cannot claim an award of more than $3,500 or else it has to be transfered out of small claims; and.
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.
