Arizona Real Estate Purchase Agreement Template

1.) HOA Condominium/Planned Community: In real estate developments with fewer than 50 units, the seller is responsible for providing the buyer with all necessary documents, building protocols, and contact information. If the project contains 50 or more units, this disclosure duty belongs to the homeowners’ association (HOA) (§ 33-1806 & § 33-1260).

2.) Lead-Based Paint Disclosure: This is a mandatory disclosure that must be presented to all prospective buyers for residential properties that were constructed prior to 1978 (§ 4852d).

3.) Military Airport Disclosure: All real estate contracts pertaining to the sale of residential properties that are located within close proximity to a military air station must come equipped with a statement disclosing this information (§ 28-8484).

4.) Seller’s Property Disclosure Statement (SPDS): This document details all known facts about the property that could affect its value. It records the property’s history and current condition, ensuring transparency between the seller and buyer (Hill v. Jones 1986).

5.) Soil Remediation: Sellers must give written notice to the buyer if the soil within the property’s boundaries is contaminated and does not meet soil remediation standards for residential use (§ 33-434.01 & § 49-701.02).

6.) Swimming Pool: If a residential property contains a swimming pool, the seller is required to disclose the duties of owning a pool according to the Department of Health Services’ standards (§ 36-1681(E)).

7.) Unincorporated Areas: Individuals who are selling 5 or fewer parcels of land that are contained within an “unincorporated area” must supply the purchaser with an affidavit of disclosure within a minimum of seven (7) days prior to the exchange of property (§ 33-422).