Real Estate Purchase Agreement Template - Arizona

This is a formal document signed by the seller and purchaser of the real estate situated in Arizona. An Arizona Real Estate Purchase Agreement is a contract between individuals who wish to sell, convey, or transfer a piece of property. This agreement contains information about the parties, the location of the property, its legal description, and purchase price. This agreement must also include details about a seller's existing mortgage, a buyer's obligations to obtain a firm commitment for a mortgage loan, and how to proceed if a buyer is unable to obtain it. If the property is subject to a Lease or Rental Agreement, this must be specified in the contract. Indicate that the real property transaction does not violate the terms of this lease, and that a seller must provide a buyer at the closing of the transaction an assignment and assumption of the Lease Agreement, security deposits, and advance payments related to the lease. This agreement also includes information about all real property taxes and adjustments that have to be paid to implement the purchase.

The state of Arizona does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own Arizona Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

A filled-out and notarized Lead Disclosure is required for all residences built before 1978. Additionally, the state of Arizona requires a statute called "Buyers Inquiry." Sellers are required to disclose material information about the property in question. If a buyer makes an inquiry regarding a particular part of the property, the seller must disclose any and all information regarding the part in question.