This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form.Residential Utah Purchase Agreement. The Utah real estate purchase agreement is a document that is meant to get the negotiation process going. A Utah residential purchase agreement is a contract used when a buyer makes an offer to purchase real estate from a willing seller. Selling the property and assigning the lease usu ally only changes who the rent is paid to and does not usually change the terms of the lease. Generate, fill in, and complete now. Tenant agrees to lease from Owner the premises located in Salt Lake City, Salt Lake County, Utah, described as Parcel no. 00-00-000-000-0000. This form from the Utah Real Estate Commission lets professional realtors create an official contract for the sale or purchase of residential property. Tenant rights in Utah is the concept that a sale does not automatically terminate a lease.