The Arizona Addendum for Purchase of Other Property by Seller is a legal document used in real estate transactions in the state of Arizona. It is an addendum that can be added to a purchase contract when the seller wants to include a contingency that allows them to purchase another property before completing the sale of their current property. This addendum is typically used by sellers who need to sell their current property in order to finance the purchase of a new property. By adding this contingency, the seller can protect themselves from being forced to sell their current property before securing a new one. The Arizona Addendum for Purchase of Other Property by Seller specifies the conditions under which the seller can cancel the agreement or extend the closing date to accommodate the purchase of the new property. The addendum may outline the timeframe within which the seller has to locate and secure a new property and provide evidence of their ability to finance the purchase. There may be different types of Arizona Addendum for Purchase of Other Property by Seller, depending on the specific terms and conditions included. Some variations may include provisions for the seller to provide notice to the buyer if they find a new property, while others may allow the seller to cancel the agreement if they are unable to find a new property within a certain timeframe. In summary, the Arizona Addendum for Purchase of Other Property by Seller is an important document that allows sellers in Arizona to include a contingency in the purchase contract to protect their interests when they need to purchase another property before completing the sale of their current property.
Arizona Addendum for Purchase of Other Property by Seller
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How to fill out Arizona Addendum For Purchase Of Other Property By Seller?
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