Phoenix Arizona Lease Purchase Agreements Package

State:
Arizona
City:
Phoenix
Control #:
AZ-P033-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package contains the forms that are necessary for sellers and purchasers to enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand. With this package, you will find the essential forms to assist you in successfully entering into and executing a commitment to purchase or sell real property. The documents in this package include the following:


1) Contract for Lease and Mandatory Purchase of Real Estate-Specific Performance Clause;


2) Contract for Lease and Purchase of Real Estate- Purchase by Date or Leave;


3) Personal Guaranty of Contract for the Lease and Purchase of Real Estate; and


4) Residential Real Estate Sales Disclosure Statement.


Purchase this package and save up to 30% over purchasing the forms separately!


Free preview
  • Preview Arizona Lease Purchase Agreements Package
  • Preview Arizona Lease Purchase Agreements Package
  • Preview Arizona Lease Purchase Agreements Package
  • Preview Arizona Lease Purchase Agreements Package

How to fill out Arizona Lease Purchase Agreements Package?

If you’ve previously made use of our service, Log In to your account and store the Phoenix Arizona Lease Purchase Agreements Package on your device by clicking the Download button. Ensure your subscription is active. If it isn’t, renew it according to your billing plan.

If this is your initial interaction with our service, follow these straightforward steps to acquire your document.

You have lifelong access to every document you have acquired: you can locate it in your profile under the My documents section whenever you wish to use it again. Utilize the US Legal Forms service to swiftly find and download any template for your personal or business needs!

  1. Ensure you’ve located an appropriate document. Browse through the description and utilize the Preview feature, if present, to confirm if it fits your requirements. If it doesn’t suit you, utilize the Search option above to find the right one.
  2. Purchase the template. Click the Buy Now button and choose either a monthly or annual subscription plan.
  3. Create an account and process a payment. Use your credit card information or the PayPal option to finalize the transaction.
  4. Acquire your Phoenix Arizona Lease Purchase Agreements Package. Select the file format for your document and save it to your device.
  5. Complete your form. Print it out or use online editors to fill it out and sign it electronically.

Form popularity

FAQ

The important difference is that an offer hasn't been agreed upon yet. A signed purchase agreement also usually contains the terms of the sale, spelling out what is required for the sale to be completed and that both parties have agreed to. The terms include: Price.

The purpose of a sales agreement is to act as a legally binding contract between two parties involved in an exchange of money for goods, services, and/or property.

Both parties have to agree on the price before the purchase agreement is signed. Furthermore, terms such as earnest money, escrow company, down payment, financing, warranties and contingencies, and the closing date will be outlined in the contract.

In Arizona, sellers are required to complete a real estate purchase agreement and the following disclosures in order for it to be considered legally binding: Buyer Inquiry.Comprehensive Loss Underwriting Exchange (CLUE).Swimming Pool Barrier Disclosure.Condo Disclosure Information.Notice of Soil Remediation.

A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.

The difference between a lease option and a lease purchase agreement is that the lease option only obligates the seller to sell. A lease purchase agreement commits both parties to the sale barring breach of contract or the buyer's inability to secure a mortgage.

An Arizona residential real estate purchase and sale agreement is a legal document with terms and conditions for a buyer's purchase of property from a seller. The seller and buyer (or their attorneys) will negotiate the terms of the agreement including purchase price, closing date, property condition, and so on.

In most Arizona real estate purchase contracts, the buyer will require the seller to deposit earnest money ? typically with the escrow company ? to demonstrate good faith. The deposit amount can be a percentage of the home sale price or an amount dictated by the seller.

Generally, Arizona courts have strictly construed options in lease agreements because such provisions allow the optionee freedom to exercise or not exercise the option, whereas the optionor is bound by the option.

Trusted and secure by over 3 million people of the world’s leading companies

Phoenix Arizona Lease Purchase Agreements Package