Survey Addendum to Real Estate Purchase Contract - Utah

Survey Addendum to Real Estate Purchase Contract is a legal document that was released by the Utah Department of Commerce - Division of Real Estate - a government authority operating within Utah.

FAQ

Q: What is a survey addendum?
A: A survey addendum is a document that is attached to a real estate purchase contract in Utah.

Q: What is the purpose of a survey addendum?
A: The purpose of a survey addendum is to outline the details of a survey that will be conducted on the property.

Q: Why is a survey addendum important?
A: A survey addendum is important as it helps to clarify property boundaries and identify any encroachments or issues that may affect the property.

Q: Who is responsible for paying for the survey?
A: The buyer is typically responsible for paying for the survey, unless otherwise specified in the real estate purchase contract.

Q: Can the buyer request specific survey requirements?
A: Yes, the buyer can request specific survey requirements to be included in the survey addendum.

Q: What happens if the survey reveals issues or encroachments?
A: If the survey reveals issues or encroachments, the parties can negotiate how to address them, such as through additional negotiations or contingencies in the contract.

Q: Is a survey addendum legally binding?
A: Yes, a survey addendum is legally binding once it is signed by both parties to the real estate purchase contract.

Q: Can a survey addendum be added after the purchase contract is signed?
A: Yes, a survey addendum can be added after the purchase contract is signed if both parties agree to it and sign the addendum.

Q: Do all real estate transactions in Utah require a survey addendum?
A: Not all real estate transactions in Utah require a survey addendum. It depends on the preferences of the parties involved and the specific circumstances of the property.

Q: Can a real estate agent provide guidance on the survey addendum?
A: Yes, a real estate agent can provide guidance on the survey addendum as part of their role in assisting buyers and sellers with the real estate transaction.